Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2017

Nov 16, 2017

News Release

For release: 17 November 2017

Further information on ANZ’s DRP Neutralisation

Further to ANZ’s announcement on 26 October 2017 that it intends to neutralise the impact of shares provided under the Dividend Reinvestment Plan (DRP) in relation to the 2017 Final Dividend, we further advise that:

• Merrill Lynch Equities (Australia) Limited has been appointed to execute the onmarket share purchase itself or through its related bodies corporate.

• Shares up to a value of approximately $192 million are expected to be purchased onmarket to satisfy our obligations under the DRP.

• The DRP pricing period begins today and finishes on 30 November 2017 (inclusive). The on-market purchase of shares is expected to occur during the DRP pricing period.

DRP participants do not need to take any action in respect of this in order to receive shares under the DRP.

For media enquiries contact:

Stephen Ries Tel: +61 409 655 551

For shareholder enquiries contact:

Computershare 1800 11 33 99 +613 9415 4010 (international callers)

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