Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2012

Oct 1, 2012

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For Release: 2 October 2012

Optional Redemption Notice - ANZ AUD subordinated notes (Series 51 and 52)

Australia and New Zealand Banking Group Limited today advised that it has given notice to holders of certain of its AUD subordinated notes that it intends to exercise its option to redeem the notes in full on the next Optional Redemption Date on 18 October 2012. The notes affected are:

• Series 51, Tranche Number 1 – A$290,000,000 7.75% Subordinated Notes due 18 October 2017 (ISIN AU0000ANZIB2); and

• Series 52, Tranche Numbers 1 and 2 – A$310,000,000 Floating Rate Subordinated Notes due 18 October 2017 (ISIN AU0000ANZIC0).

Pursuant to Listing Rule 3.17, a copy of the form of notice is attached.

For media inquiries contact:

Stephen Ries Senior Manager Media Relations Tel: +61 3 8654-3659 or +61-409-655-551 Email: s tephen.ries@anz.com

For investor inquiries contact:

David Goode Head of Debt Investor Relations Tel: +61 3 8654-5357 Email: david.goode@anz.com

Australia and New Zealand Banking Group Limited ABN 11 005 357 522

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ANZ Group Treasury Level 9A, 833 Collins Street Docklands VIC 3008 Phone: +61 3 8655 3860 Fax: +61 3 8654 9933 www.anz.com Email: funding@anz.com

1 October 2012

«COMPANY» «CONTACT» «ADDRESS1» «ADDRESS2» «CITY» «STATE» «PCODE»

OPTIONAL REDEMPTION NOTICE

Australia and New Zealand Banking Group Limited (“ANZ”)

Series 51, Tranche Number 1 – A$290,000,000 7.75% Fixed Rate Subordinated Notes due 18 October 2017 (“Series 51”) ISIN AU0000ANZIB2

Series 52, Tranche Numbers 1 and 2 – A$310,000,000 Floating Rate Subordinated Notes due 18 October 2017 (“Series 52”) ISIN AU0000ANZIC0

According to an Issuer Representative’s Holding Report provided by Austraclear Limited (“ACLR”), «COMPANY» (ACLR Code «CODE») is listed as a holder of subordinated notes issued by ANZ under either (or both) Series 51 or Series 52 as described above (together “the Notes”). ANZ hereby irrevocably advises that it will exercise its option to redeem the Notes in full on the next Optional Redemption Date (18 October 2012). Redemption of the Notes is in accordance with Conditions 5.4 and 5.8 of the terms and conditions of the Notes as set out in the Information Memorandum dated 26 February 2007. ANZ confirms that the Australian Prudential Regulation Authority has approved the redemption of the Notes.

The Notes will be redeemed at the Optional Redemption Amount which equates to $1,000 per Note (ie. Par).

Please promptly acknowledge receipt of this irrevocable notice by email (funding@anz.com) or fax (+61 3 8654 9933).

Regards,

Mostyn Kau Director Group Funding, ANZ Group Treasury Australia and New Zealand Banking Group Limited

Australia and New Zealand Banking Group Limited ABN 11 005 357 522