Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2016

Jun 7, 2016

News Release

For release: 8 June 2016

ANZ allocates US dollar one billion of hybrid capital securities

ANZ today announced that it has allocated US dollar one billion of ANZ Capital Securities to wholesale investors, with the initial fixed US dollar rate of 6.75% per annum (equivalent to 3 month US LIBOR plus ~5.05%) until the first reset date in June 2026. The issue date is expected to be 15 June 2016.

The ANZ Capital Securities take the form of perpetual subordinated contingent convertible securities issued by ANZ’s London Branch and constitute Additional Tier 1 capital for ANZ.

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Stephen Ries, +61 409 655551

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OF AMERICA

This release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act")). Securities may not be offered or sold in the United States or to U.S. persons unless the securities have been registered under the U.S. Securities Act or an exemption from registration is available.

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The Notes are not intended to be sold and should not be sold to retail clients in the EEA, as defined in the rules set out in the Product Intervention (Contingent Convertible Instruments and Mutual Society Shares) Instrument 2015, as amended or replaced from time to time, other than in circumstances that do not and will not give rise to a contravention of those rules by any person.

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