Australia and New Zealand Banking Group Ltd.

Capital/Financing Update • Mar 28, 2025

FINAL TERMS

PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended, the "Insurance Distribution Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the "EU PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

PROHIBITION OF SALES TO UK RETAIL INVESTORS The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom (the "UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal Agreement) Act 2020 ("EUWA"); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

Notification under Section 309B of the Securities and Futures Act 2001 of Singapore (the "SFA"): In connection with Section 309B of the SFA and the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (the "CMP Regulations 2018"), the Issuer has determined and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA) that the Notes are 'prescribed capital markets products' (as defined in the CMP Regulations 2018) and Excluded Investment Products (as defined in the Monetary Authority of Singapore (the "MAS") Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

Australia and New Zealand Banking Group Limited (Australian Business Number 11 005 357 522) (Incorporated with limited liability in Australia and registered in the State of Victoria) Legal Entity Identifier: JHE42UYNWWTJB8YTTU19 (the "IssuerError! Bookmark not defined.")

US\$60,000,000,000 Euro Medium Term Note Programme

Series No: 2153

Tranche No: 1

US\$45,000,000 Zero Coupon Callable Notes due 28 March 2045 (the "Notes")

Issue Price: 100.00 per cent.

Australia and New Zealand Banking Group Limited (the "Dealer")

The date of these Final Terms is 24 March 2025

PART A — CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 20 November 2024 and the Supplemental Base Prospectuses dated 9 December 2024 and 20 February 2025 which together constitute a base prospectus (the "Base Prospectus") for the purposes of the UK Prospectus Regulation. This document constitutes the Final Terms of the Notes described herein for the purposes of the UK Prospectus Regulation and must be read in conjunction with the Base Prospectus.

Full information on the Issuer and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on the website of the Issuer at https://www.anz.com/debtinvestors/centre/programmes/anzbanking-group/euro-medium-term-note-programme-aus/ and the Regulatory News Service operated by the London Stock Exchange at www.londonstockexchange.com/exchange/news/market-news/marketnews-home.html and during normal business hours at the offices of the Paying Agents and copies may be obtained from Deutsche Bank AG, London Branch, 21 Moorfields, London EC2Y 9DB.

1	(i)	Series Number:	2153
	(ii)	Tranche Number:	1
	(iii)	Date on which the Notes will be consolidated and form a single Series:	Not Applicable
2	(i)	Specified Currency or Currencies:	United States Dollar ("US\$")
	(ii)	Exotic Currency Payments:	Not Applicable
	(iii)	Exotic Currency Relevant Time:	Not Applicable
	(iv)	Exotic Currency Thomson Reuters Screen Page:	Not Applicable
3		Aggregate Principal Amount:	US\$45,000,000
	(i)	Series:	US\$45,000,000
	(ii)	Tranche:	US\$45,000,000
4	Issue Price:		100.00 per cent. of the Aggregate Principal Amount
5	Specified Denomination(s):		US\$1,000,000
6	Calculation Amount:		US\$1,000,000
7	(i)	Issue Date:	28 March 2025
	(ii)	Interest Commencement Date:	Not Applicable
8	Maturity Date:		28 March 2045
9	Interest Basis:		Zero Coupon
10	Redemption/Payment Basis:		Final redemption at 301.32429454 per cent. of the Aggregate Principal Amount

11	Change of Interest or	Not Applicable
	Redemption/Payment Basis:
12	NZ Subordinated Notes:	Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13		Fixed Rate Note Provisions	Not Applicable
14		Floating Rate Note Provisions	Not Applicable
15		CMS Rate Note Provisions:	Not Applicable
16		Inverse Floating Rate Note Provisions	Not Applicable
17		Range Accrual Note Provisions:	Not Applicable
18		Zero Coupon Note Provisions:	Applicable
	(i)	Compound Interest:	Applicable
		(A) Amortisation Yield:	5.6700 per cent. per annum
	(ii)	Linear Interest:	Not Applicable
	(iii)	Day Count Fraction:	30/360, unadjusted

PROVISIONS RELATING TO REDEMPTION

19	Call Option Applicable
	(i)	Optional Redemption Date(s):	28 March 2033, 28 March 2038 and 28 March 2043, in each case subject to adjustment for payment purposes only in accordance with the Modified Following Business Day Convention
	(ii)	Optional Redemption Amount(s) and method, if any, of calculation of such amount(s):	US\$1,554,582.09 per Calculation Amount if redeemed on 28 March 2033
			US\$2,048,199.22 per Calculation Amount if redeemed on 28 March 2038
			US\$2,698,551.64 per Calculation Amount if redeemed on 28 March 2043
	(iii)	If redeemable in part:
		(a) Minimum Redemption Amount:	Not Applicable
		(b) Maximum Redemption Amount:	Not Applicable
	(iv)	Option Exercise Dates:	No less than five (5) Business Days prior to each Optional Redemption Date

20	Put Option	Not Applicable
21	Final Redemption Amount of each Note:	US\$3,013,242.95 per Calculation Amount
22	Early Redemption for NZ Subordinated Note Regulatory Event:	Not Applicable
23	Early Redemption Amount:	As specified in Condition 5(e)

GENERAL PROVISIONS APPLICABLE TO THE NOTES

24	Form of the Notes:	Bearer Notes
		Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Bearer Notes in definitive form on 60 days' notice (or, following a failure to pay principal, on 30 days' notice) by the Issuer and (in the limited circumstances specified in the Permanent Global Note.
25	Payment Business Day Convention:	Modified Following
26	Additional Financial Centre(s):	Not Applicable
27	Details relating to Instalment Notes, including Instalment Amount(s) and Instalment Date(s):	Not Applicable
28	Redenomination, renominalisation and reconventioning provisions:	Not Applicable
	DISTRIBUTION

29 US Selling Restrictions: TEFRA D Rules; Regulation S Category 2

Signed on behalf of Australia and New Zealand Banking Group Limited:

By: Andrei Ivanov

Duly Authorised Signatory/Attorney

PART B — OTHER INFORMATION

1 LISTING

Listing and Admission to trading:

Application is expected to be made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange's Regulated Market and admitted to the Official List of the UK Financial Conduct Authority with effect from on or about the Issue Date.

2 REASONS FOR THE OFFER, ESTIMATED TOTAL EXPENSES RELATED TO ADMISSION TO TRADING

(i)	Reasons for the offer:	See "Use of Proceeds and a General Description of the ANZ SDG Bond Framework" in the Base Prospectus
(ii)	Estimate of total expenses related to admission to trading:	GBP3,175

3 RATINGS

The Notes to be issued have not been rated

4 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

So far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer, including conflicting interests.

5 (Fixed Rate Notes only) YIELD

Indication of yield: Not Applicable

6 BENCHMARKS

Relevant Benchmark: Not Applicable

7 OPERATIONAL INFORMATION

ISIN:	XS3030252350
Temporary ISIN:	Not Applicable
Common Code:	303025235
Temporary Common Code:	Not Applicable
FISN:	AUSTRALIA AND N/ZERO CPN MTN, as updated, as set out on the website of the Association of National Numbering Agencies ("ANNA") or alternatively sourced from the responsible National Numbering Agency that assigned the ISIN.
CFI code:	DTZXFB, as updated, as set out on the website of ANNA or alternatively sourced from the responsible National Numbering Agency that assigned the ISIN.

Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking S.A. and the relevant identification number(s):	Not Applicable
Delivery:	Delivery against payment
Names and addresses of additional Paying Agent(s) (if any):	Not Applicable.