Australia and New Zealand Banking Group Ltd. — Director's Dealing 2011

May 23, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

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

We Australia and New Zealand Banking Group Limited give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Mr John Powell Morschel Date of last notice 18 May 2010

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Ordinary Shares:

Direct or indirect interest	Direct – 7,042Indirect – 8,860
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.• ANZEST Pty Ltd- Directors’ Share Plan• Gifford Communications Pty Ltd	Ordinary Shares 7,860Ordinary Shares 1,000
Date of change	23 May 2011
No. of securities held prior to change	15,902
Class	Ordinary Shares
Number acquired (Indirect)• Gifford Communications Pty Ltd	Ordinary Shares 3,000
Number disposed	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non‐cash, provide details andestimated valuation	3,000 Ordinary Shares acquired at $22.06 perOrdinary share.	3,000 Ordinary Shares acquired at $22.06 perOrdinary share.
No. of securities held after change
Ordinary Shares
Direct – Unchanged	Ordinary Shares	7,042
Indirect – Increased (by 3,000)	Ordinary Shares	11,860
Total of interest		18,902
Nature of change	On market trade.
Example: on‐market trade, off‐market trade, exercise of
options, issue of securities under dividend reinvestment plan,
participation in buy‐back

Part 2 – Change of director’s interests in contracts – Nil

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

……………………………. John Priestley Company Secretary Australia and New Zealand Banking Group Limited 24 May 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011