Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2022

Aug 18, 2022

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

News Release

For release: 19 August 2022

ANZ completes Retail Shortfall Bookbuild

ANZ today announced the completion of the retail shortfall bookbuild (Retail Shortfall Bookbuild) under its fully underwritten pro-rata accelerated renounceable entitlement offer (Entitlement Offer)[1] . The completion of the Retail Shortfall Bookbuild concludes the final stage of the Entitlement Offer under which ANZ has raised approximately $3.5 billion.

Summary of the Retail Shortfall Bookbuild

• Approximately 36.4 million new ANZ ordinary shares (New Shares) were sold in the Retail Shortfall Bookbuild, which was conducted after market close on Thursday, 18 August 2022

• The Retail Shortfall Bookbuild cleared at a price of $23.00 per New Share, which represents a premium of $4.10 above the offer price of $18.90 per New Share

Eligible retail shareholders who elected not to take up their entitlements and ineligible retail shareholders will receive $4.10 (less any applicable withholding tax) for each New Share sold in the Retail Shortfall Bookbuild (Retail Premium) for their benefit.

The Retail Premium is expected to be paid to those retail shareholders on or about Thursday, 1 September 2022.

Allotment of New Shares

The settlement date for New Shares to be issued under the retail component of the Entitlement Offer (Retail Entitlement Offer) and the Retail Shortfall Bookbuild is Tuesday, 23 August 2022. Those New Shares are expected to be allotted and issued on Wednesday, 24 August 2022 and to commence trading on a normal settlement basis on the ASX on Thursday, 25 August 2022. Those New Shares will rank equally with existing ANZ shares from the date of issue.

Further information and shareholder enquiries

Shareholders can call 1800 113 399 (within Australia) or +61 3 9415 4010 (outside Australia) between 8.30am to 5.30pm (Melbourne time) weekdays for more information.

For media enquiries

For analyst enquiries

Stephen Ries Jill Campbell Head of Corporate Communications GGM Investor Relations Tel: +61 409 655 551 Tel: +61 3 86547749

1 The Entitlement Offer was announced on Monday, 18 July 2022

Australia and New Zealand Banking Group Limited 9/833 Collins Street Docklands Victoria 3008 Australia ABN 11 005 357 522

TIMETABLE

Activity	Date
Settlement of New Shares under the Retail EntitlementOffer and Retail Shortfall Bookbuild	Tuesday, 23 August 2022
Allotment and issue of New Shares under the RetailEntitlement Offer and Retail Shortfall Bookbuild	Wednesday, 24 August2022
New Shares issued under the Retail Entitlement Offer andRetail Shortfall Bookbuild commence trading on ASX on anormal settlement basis	Thursday, 25 August 2022
Holding statements in respect of New Shares issued underthe Retail Entitlement Offer and Retail Shortfall Bookbuilddispatched	Friday, 26 August 2022
Retail Premium expected to be paid to eligible retailshareholders who elected not to take-up their entitlementsand ineligible shareholders	On or about Thursday, 1September 2022

These dates are indicative only and are subject to change without notice. All times and dates refer to the time and date in Melbourne, Australia (Melbourne time). Subject to the requirements of the Corporations Act 2001 (Cth), the ASX Listing Rules and any other applicable laws, ANZ has the right to amend the timetable with the consent of the underwriters.

Approved for distribution by ANZ’s Continuous Disclosure Committee.

IMPORTANT INFORMATION

This Announcement does not constitute an offer to sell, or a solicitation of any offer to buy, any securities in the United States or to any person who is acting for the account or benefit of any person in the United States. None of the ANZ securities to be issued in the capital raising have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state or other jurisdiction of the United States. Accordingly, the ANZ securities to be issued in the Entitlement Offer may not be offered or sold, directly or indirectly, to any person in the United States or any person that is acting for the account or benefit of a person in the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws of any state or other jurisdiction of the United States. In the Retail Entitlement Offer, the entitlements may only be purchased, traded, taken up or exercised, and the New Shares may only be offered or sold outside the United States in “offshore transactions” (as defined in Rule 902(h) under the U.S. Securities Act) in reliance on Regulation S under the U.S. Securities Act. The release, publication or distribution of this Announcement (including an electronic copy) outside Australia may be restricted by law. If you come into possession of this Announcement, you should observe such restrictions and should seek your own advice on such restrictions. In particular, this Announcement may not be released or distributed in the United States.