Australia and New Zealand Banking Group Ltd. — Major Shareholding Notification 2007

Oct 8, 2007

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9 October 2007

Company Announcements Australian Securities Exchange Level 10 20 Bond Street SYDNEY NSW 2000

Company Secretary Billabong International Limited Fax: (07) 5589 9800

Notice of ceasing to be a substantial holder - Billabong International Limited

ANZ gives this notice of ceasing to be a substantial holder in respect of Billabong International Limited.

Yours faithfully

John Priestley

Company Secretary

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Billabong International Limited (the " Entity ") ACN/ARSN 084 923 946

1. Details of substantial holder[(1)]

Name Australia and New Zealand Banking Group Limited (“ ANZ ”) ACN/ARSN (if applicable) 005 357 522

The holder ceased to be a substantial holder on 02/10/2007.

(The holder became aware of the substantial holding information on 08/10/2007 for the purposes of s.671B of the Corporations Act 2001.) The previous notice was given to the company on11/08/2006.

The previous notice was dated 11/08/2006.

This notice is given by ANZ on behalf of itself and each of the related bodies corporate of ANZ (“ANZ Subsidiaries”) specified in the list of 8 pages annexed to this notice and marked Annexure ‘A’.

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest[(2)] of the substantial holder or an associate[(3)] in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change(4)	Consideration given in relation to change(5)	Class(6)and number of securities affected	Person’s votes affected
08/08/2006	ANZ Trustees Limited	On-market purchase	$40,498.90	3,000 Ordinary Fully Paid Shares	3,000
08/08/2006 (Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$909,630.00	67,380 Ordinary Fully Paid Shares	67,380
09/08/2006	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$1,640,295.87	120,123 Ordinary Fully Paid Shares	120,123
14/08/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$995,224.90	76,500 Ordinary Fully Paid Shares	76,500
15/08/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$552,476.57	43,020 Ordinary Fully Paid Shares	43,020
17/08/2006	ANZ Trustees Limited	On-market purchase	$50,984.90	3,797 Ordinary Fully Paid Shares	3,797
18/08/2006	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$359,678.82	26,700 Ordinary Fully Paid Shares	26,700
22/08/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$40,711.27	3,000 Ordinary Fully Paid Shares	3,000
23/08/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$226,365.40	16,000 Ordinary Fully Paid Shares	16,000

24/08/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,634,411.91	116,400 Ordinary Fully Paid Shares	116,400
28/08/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$206,857.76	14,100 Ordinary Fully Paid Shares	14,100
04/09/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,092,965.11	74,900 Ordinary Fully Paid Shares	74,900
05/09/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$538,173.99	36,831 Ordinary Fully Paid Shares	36,831
06/09/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$43,039.99	2,954 Ordinary Fully Paid Shares	2,954
12/09/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$622,396.27	44,024 Ordinary Fully Paid Shares	44,024
21/09/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$745,893.39	51,300 Ordinary Fully Paid Shares	51,300
28/09/2006	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$312,031.89	21,400 Ordinary Fully Paid Shares	21,400
20/10/2006	ANZ Trustees Limited	On-market purchase	$108,367.73	6,825 Ordinary Fully Paid Shares	6,825
20/10/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$94,907.66	6,000 Ordinary Fully Paid Shares	6,000
31/10/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,490,328.87	94,601 Ordinary Fully Paid Shares	94,601
01/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$278,960.78	17,813 Ordinary Fully Paid Shares	17,813
02/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$3,627,038.37	234,311 Ordinary Fully Paid Shares	234,311
03/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$2,863,242.30	184,691 Ordinary Fully Paid Shares	184,691
06/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,010,725.12	64,814 Ordinary Fully Paid Shares	64,814
07/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$938,813.75	60,053 Ordinary Fully Paid Shares	60,053
08/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$792,229.84	51,300 Ordinary Fully Paid Shares	51,300
09/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$3,016,369.06	193,352 Ordinary Fully Paid Shares	193,352
10/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$194,872.90	12,274 Ordinary Fully Paid Shares	12,274
14/11/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$219,118.88	14,000 Ordinary Fully Paid Shares	14,000

11/12/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$734,206.95	45,700 Ordinary Fully Paid Shares	45,700
18/12/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$2,782,967.66	161,177 Ordinary Fully Paid Shares	161,177
19/12/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$6,656,083.91	387,512 Ordinary Fully Paid Shares	387,512
20/12/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$251,357.87	14,700 Ordinary Fully Paid Shares	14,700
21/12/2006(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$2,122,001.27	122,911 Ordinary Fully Paid Shares	122,911
09/01/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$94,563.68	5,700 Ordinary Fully Paid Shares	5,700
10/01/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$3,309,716.96	203,536 Ordinary Fully Paid Shares	203,536
11/01/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$781,164.68	48,082 Ordinary Fully Paid Shares	48,082
12/01/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,472,327.87	90,282 Ordinary Fully Paid Shares	90,282
17/01/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$40,816.16	2,500 Ordinary Fully Paid Shares	2,500
22/01/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$88,086.38	5,400 Ordinary Fully Paid Shares	5,400
29/01/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$1,583,802.15	95,800 Ordinary Fully Paid Shares	95,800
01/02/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,804,041.04	110,596 Ordinary Fully Paid Shares	110,596
26/02/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$328,604.98	19,200 Ordinary Fully Paid Shares	19,200
27/02/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$3,304,989.50	191,427 Ordinary Fully Paid Shares	191,427
02/03/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$619,849.67	36,468 Ordinary Fully Paid Shares	36,468
05/03/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$428,649.40	25,341 Ordinary Fully Paid Shares	25,341
08/03/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$384,660.46	22,200 Ordinary Fully Paid Shares	22,200
12/03/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$240,010.29	13,200 Ordinary Fully Paid Shares	13,200
15/03/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$124,454.61	7,200 Ordinary Fully Paid Shares	7,200

20/03/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$2,223,239.97	132,520 Ordinary Fully Paid Shares	132,520
21/03/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$4,288,704.43	258,480 Ordinary Fully Paid Shares	258,480
12/04/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$566,101.22	33,900 Ordinary Fully Paid Shares	33,900
23/04/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$19,926.11	1,200 Ordinary Fully Paid Shares	1,200
26/04/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$24,996.14	1,500 Ordinary Fully Paid Shares	1,500
30/04/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$4,540,845.81	274,743 Ordinary Fully Paid Shares	274,743
02/05/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$813,458.62	49,400 Ordinary Fully Paid Shares	49,400
04/05/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,327,332.00	78,100 Ordinary Fully Paid Shares	78,100
07/05/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$1,535,138.60	90,000 Ordinary Fully Paid Shares	90,000
10/05/2007	ANZ Trustees Limited	On-market purchase	$69,519.08	4,081 Ordinary Fully Paid Shares	4,081
15/05/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$1,242,810.94	73,500 Ordinary Fully Paid Shares	73,500
16/05/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$50,863.46	3,000 Ordinary Fully Paid Shares	3,000
29/05/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$559,467.38	31,800 Ordinary Fully Paid Shares	31,800
31/05/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$9,498,258.35	512,854 Ordinary Fully Paid Shares	512,854
01/06/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$7,736,614.56	420,246 Ordinary Fully Paid Shares	420,246
22/06/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$47,957.23	2,700 Ordinary Fully Paid Shares	2,700
05/07/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$3,700,757.37	206,200 Ordinary Fully Paid Shares	206,200
10/07/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$4,028,811.47	228,878 Ordinary Fully Paid Shares	228,878
11/07/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$2,211,517.10	127,223 Ordinary Fully Paid Shares	127,223
12/07/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$8,450,831.84	482,292 Ordinary Fully Paid Shares	482,292

16/07/2007	ANZ Trustees Limited	On-market purchases	$328,249.99	18,355 Ordinary Fully Paid Shares	18,355
20/07/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$2,212,775.70	128,600 Ordinary Fully Paid Shares	128,600
23/07/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$148,900.62	8,700 Ordinary Fully Paid Shares	8,700
02/08/2007	ANZ Trustees Limited	On-market purchase	$26,259.33	1,632 Ordinary Fully Paid Shares	1,632
10/08/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$44,308.86	2,700 Ordinary Fully Paid Shares	2,700
16/08/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$715,637.79	48,592 Ordinary Fully Paid Shares	48,592
17/08/2007(Note 3 - see Annexure Bof 1page)	ANZ Trustees Limited	On-market sale	$15,634.58	1,068 Ordinary Fully Paid Shares	1,068
22/08/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$892,472.06	56,400 Ordinary Fully Paid Shares	56,400
23/08/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$368,447.98	22,900 Ordinary Fully Paid Shares	22,900
29/08/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$425,563.38	28,200 Ordinary Fully Paid Shares	28,200
30/08/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$154,123.41	9,900 Ordinary Fully Paid Shares	9,900
04/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$679,462.16	43,200 Ordinary Fully Paid Shares	43,200
12/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$454,533.34	29,600 Ordinary Fully Paid Shares	29,600
17/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$4,588,109.69	299,500 Ordinary Fully Paid Shares	299,500
20/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$5,467,080.66	355,746 Ordinary Fully Paid Shares	355,746
21/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$794,664.71	51,999 Ordinary Fully Paid Shares	51,999
24/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$442,001.58	29,547 Ordinary Fully Paid Shares	29,547
25/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$1,873,358.11	125,998 Ordinary Fully Paid Shares	125,998
26/09/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$98,138.40	6,600 Ordinary Fully Paid Shares	6,600
27/09/2007	ANZ and each of the ANZ Subsidiaries	Note 1 - see Annexure B of 1 page	$144,391.39	9,600 Ordinary Fully Paid Shares	9,600

02/10/2007(Note 3 - see Annexure Bof 1page)	ANZ and each of the ANZ Subsidiaries	Note 2 - see Annexure B of 1 page	$7,046,078.99	461,666 Ordinary Fully Paid Shares	461,666
02/10/2007	ANZ Trustees Limited	On-market purchase	$12,580.16	820 Ordinary Fully Paid Shares	820

3. Changes in association

The persons who have become associates[ (3)] of, ceased to be associates of, or have changed the nature of their association[(7)] with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name andACN/ARSN(ifapplicable)	Nature ofassociation
NotApplicable	NotApplicable

4. Addresses

The addresses of persons named in this form are as follows:

. Addresses he addresses ofpersonsnamedinthisformare asfollows:
Name	Address
ANZ	Level 6, 100 Queen Street, Melbourne VIC 3000
ANZ Subsidiaries	As set out in the list of 8 pages annexed to this notice and marked "A"
ING Australia Limited	Level 13, 347 Kent Street, Sydney NSW 2000

Signature

print name John Priestley capacity Company Secretary

9 October 2007

sign here date

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law.

(3) See the definition of "associate" in section 9 of the Corporations Law.

• (4) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Law.

(5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(6) The voting shares of a company constitute one class unless divided into separate classes.

(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure “A”

This is the Annexure of 8 pages marked “A” referred

to in the form 605 Notice of ceasing to be a substantial holder

Signed by me and dated 9 October 2007

………………………………………………………

John Priestley – Company Secretary

Australia and New Zealand Banking Group Limited

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

NOTE: All companies are 100% owned within the Group unless otherwise indicated and dates are in Australian format

Domicile	Australia and New Zealand Banking Group Limited	% Owned	Reg Office	Date Registered
Australia	AFT Investors ServicesPtyLtd		1	3/05/54
Australia	AllianceHoldingsPtyLtd		1	9/08/56
AmericanSamoa	Amerika SamoaBank Inc.		21	26/05/78
Australia	ANZcover InsurancePtyLtd		1	24/04/98
Australia	ANZEST PtyLtd		1	17/10/97
Australia	ANZ Adelaide GroupPtyLtd		1	21/12/28
Australia	PenplazaInvestmentsPty.Limited		1	11/04/90
Australia	ANZ AircraftFinancePtyLtd		1	7/07/94
Australia	ANZ Alternate Assets Holding Company Pty Ltd (1 share held by ANZ National Bank Limited)		1	15/06/06
Australia	ANZ BusinessEquityFundLimited		1	15/06/06
USA, NewYork	ANZ BGH LLC		30	25/05/04
Australia	ANZCapelCourtLimited		1	22/04/69
Australia	ANZISHoldingsPtyLtd	60%	1	17/11/00
Australia	ANZ Infrastructure Services Ltd (owned 87.5% by ANZ Capel Court Limited &12.5% byANZISHoldingsPtyLtd)		1	1/12/00
Australia	CapelCourtInternational InvestmentsPtyLtd		1	9/01/85
Australia	ANZCapital FundingPtyLtd		1	11/08/03
Australia	ANZCapital HedgingPtyLtd		1	27/09/85
USA,Delaware	ANZCapital LLCI		30	18/11/03
USA,Delaware	ANZCapital LLCII		30	18/11/03
USA,Delaware	ANZCapital LLCIII(owned 98 % byANZ&2% byANZ FundsPtyLtd)		30	19/11/04
Australia	ANZCommodityTradingPtyLtd		1	3/05/01
Australia	ANZCustodiansPtyLtd		1	9/05/97
USA,Delaware	ANZ(Delaware)Inc.		3	17/08/83
Australia	ANZ TrusteesLimited		1	17/03/83
Australia	ANZ Trustees (Canberra)Limited		1	19/05/60
Australia	ANZ Fiduciary ServicesPtyLtd		1	28/05/02
AmericanSamoa	ANZ FinanceAmericanSamoa,Inc		21	2/05/04
Australia	ANZ Financial ProductsPtyLtd		1	5/07/94
Australia	ANZ FundsPty.Ltd.		1	13/03/64

Annexure “A”

	Annexure “A”
Domicile	Australia and New Zealand Banking Group Limited	% Owned	Reg Office	Date Registered
Samoa	ANZ Bank(Samoa)Limited		6	1/10/90
England	ANZ Bank(Europe)Limited		13	22/04/87
England	ANZJackson Funding plc (1Shareheld byANZ)		13	15/11/04
NewZealand	ANZ Holdings (NewZealand)Limited		36	30/03/88
NewZealand	ANZNational Bank Limited		5	23/10/79
NewZealand	ANZCapitalNZ Limited		36	8/12/00
NewZealand	ANZNational(Int’l)Limited		36	8/12/86
NewZealand	ANZNationalStaffSuperannuation Limited		36	10/05/06
NewZealand	ANZ Investment Services (NewZealand)Limited		36	17/02/88
NewZealand	ArawataAssetsLimited		36	4/05/90
NewZealand	ArawataFinanceLimited		36	10/06/81
NewZealand	Arawata Capital Limited		36	01/09/05
NewZealand	APACInvestmentsLimited	65%	26	17/08/05
NewZealand	AmberleyInvestmentsLimited	50%	36	10/03/03
NewZealand	BurnleyInvestmentsLimited		36	27/06/02
NewZealand	CortlandFinanceLimited		36	24/08/00
NewZealand	Culver FinanceLimited		36	26/04/01
NewZealand	Sefton FinanceLimited		36	7/02/03
NewZealand	ArawataHoldingsLimited		36	2/08/85
NewZealand	Harcourt Corporation Limited		36	27/06/85
NewZealand	AirlieInvestmentsLimited		36	15/05/02
NewZealand	NerineFinance No2	65%	2	14/06/02
NewZealand	CorvineInvestmentsLimited		36	10/10/00
NewZealand	HarcourtInvestmentsLimited		36	24/07/01
United States	Maplestead Corporation		24	27/10/00
NewZealand	KarapiroInvestmentsLimited		36	13/10/97
NewZealand	Urchin ProductionsLimited		36	27/02/73
NewZealand	Arawata SecuritiesLimited		36	13/08/85
NewZealand	ArawataTrust Company		36	8/11/05
NewZealand	DirectBrokingLimited		TBA	TBA
NewZealand	Direct NomineesLimited		TBA	TBA
NewZealand	Endeavour FinanceLimited		36	24/09/99
NewZealand	EndeavourCaterpillarNewZealandFinance Company	>1%#	5	9/11/01
NewZealand	Tui Endeavour Limited		36	10/07/92
NewZealand	EndeavourSecuritiesLimited		36	24/09/99
NewZealand	National BankofNewZealand Custodian Limited		36	24/09/48
NewZealand	AlosHoldingsLimited		36	12/06/87
NewZealand	NBNZ FinanceLimited		36	15/06/87
NewZealand	NBNZ HoldingsLimited		36	7/03/89
New Zealand	BHI Investments Limited		36	13/09/85
BritishVirgin Is	CBCFinanceLimited		33	31/08/98
HongKong	NBNZ HoldingsHongKongLimited		35	16/12/88
NewZealand	NBNZ Investment ServicesLimited		36	21/04/04
NewZealand	NBNZ LifeInsuranceLimited		36	26/05/89
NewZealand	Private NomineesLimited		36	9/11/04
NewZealand	South PacificMerchantFinanceLimited		36	14/07/72

Annexure “A”

	Annexure “A”
Domicile	Australia and New Zealand Banking Group Limited	% Owned	Reg Office	Date Registered
NewZealand	Southpac Corporation Limited		36	14/03/72
NewZealand	ControlNomineesLimited		36	30/07/83
NewZealand	Trillium HoldingsLimited		36	17/03/99
NewZealand	TuiSecuritiesLimited		36	19/12/00
NewZealand	UDCFinanceLimited		36	1/04/38
NewZealand	Eftpos NewZealandLimited		36	8/06/94
NewZealand	Samson FundingLimited		36	4/11/03
India	ANZCapital Pvt.Limited		27	7/11/01
HongKong	ANZ International(HongKong)Limited (1Share-Wilgrist NomineeLimited)		16	10/10/72
HongKong	ANZ AsiaLimited (1share-Wilgrist NomineesLimited & Wilvestor Ltd)		16	16/12/80
Vanuatu	ANZ Bank(Vanuatu)Limited		7	3/09/85
Vanuatu	La SerigneLimited	99%	7	13/12/91
Vanuatu	Whitehall Investments Limited (owned 50% by ANZ Bank (Vanuatu)Limited &La SerigneLimited)		7	30/10/01
Singapore	ANZ International PrivateLimited		14	10/02/87
Singapore	ANZCOVER Pte.Ltd.		15	9/05/87
Singapore	ANZSingaporeLimited		14	26/12/86
Singapore	ANZ IPBNomineesPteLtd		14	27/07/00
Singapore	Torridon PteLtd		14	5/08/97
Australia	ANZOnlineHoldingsPtyLtd		1	22/02/07
Australia	ETRADE AustraliaLimited		38	02/01/86
Australia	CustodyExecution& Clearing ServicesPtyLtd		39	22/03/05
Australia	ETRADE Australia SecuritiesLimited		38	14/04/97
Australia	ETRADE AustralianNomineesPtyLimited		38	13/11/97
Australia	CustodyExecution& Clearing Services (Australia)PtyLtd		40	25/11/88
Australia	ETRADEStockbroking (Nominees)AustraliaPtyLtd		40	20/02/70
Australia	ETRADESettlement (Nominees)AustraliaPtyLtd		40	05/09/61
Australia	ETRNomineesPtyLtd		38	23/07/02
NewZealand	ETRADENewZealandLimited		42	04/11/99
NewZealand	ETRADENewZealand SecuritiesLimited		42	04/02/00
NewZealand	ETRADENewZealand Securities NomineesLimited		42	04/02/00
Australia	NovaPacificHoldingsPtyLimited		38	14/11/96
Australia	AustralianStockbroking &Advisory ServicesLimited		38	11/08/00
Australia	Linwar PtyLtd	50%	41	17/12/02
Australia	NovaBandwidth PtyLimited		38	01/11/96
India	ANZOperations andTechnologyPvtLimited		8	7/06/88
Cambodia	ANZ Royal BankCambodiaLtd	55%	4	25/11/04
Cook Islands	ANZ/V-TracInternational Leasing Company	95%	19	16/09/98
Kiribati	Bankof Kiribati Ltd (25% owned byRepublic of Kiribati)	75%	23	30/08/84
Australia	LFD Limited (owned 74.94% byANZ Funds- 25.06% byANZ)		1	29/10/52
Australia	GNPL PtyLtd		1	10/12/30
Australia	RFDL PtyLtd		1	1/04/37
England	MinervaHoldingsLimited (1share- Brandts NomineesLimited*)		13	5/04/83
England	ANZEF Limited (1share- Brandts NomineesLimited*)		13	1/01/34
England	ANZEF Leasing No.1 Limited		13	17/08/89
England	ANZEF LeasingNo. 2 Limited(owned0.01% byBrandts Nominees	99%	13	18/01/90

	Annexure “A”
Domicile	Australia and New Zealand Banking Group Limited	% Owned	Reg Office	Date Registered
	Limited & Minerva Holdings Limited*, 0.39% by Citybank International PLC, 0.61% by Schroder Investments CoLtd)
Netherlands	ANZEF Investments (UK) B.V.		22	24/12/98
England	ANZ Distribution (NB - this is an Unlimited Company)(1 share Brandts NomineesLimited*)		13	20/09/05
England	ANZ Emerging Markets Holdings Limited (1 share - Brandts Nominees Limited*)		13	20/10/59
England	ANZGlobalNomineesLimited (1share- Brandts NomineesLimited*)		13	13/12/85
England	ANZ LeasingLimited (1share- Brandts NomineesLimited*)		13	11/04/83
England	ANZ Leasing (No.2)Ltd (owned 0.01% by GarethCampbell*)		13	19/06/73
USA, NewYork	ANZSecuritiesInc.		12	7/04/94
England	ANZIM Limited		13	1/10/99
England	ANZMB Limited (owned 50% by Minerva Holdings Limited & Brandts NomineesLimited*)		13	3/03/52
England	Brandts Nominees Limited (owned 90% by Minerva Holdings Limited &10% by GarethCampbell*)	90%	13	22/02/34
England	Minerva Nominees Limited (owned 66.67 % by Minerva Holdings Limited 33.33% byBrandts NomineesLimited*)		13	20/05/38
England	Minerva Nominees (No.2) Limited (owned 99% by Minerva Holdings Limited- 1% byBrandts NomineesLimited*)		13	18/07/67
Cayman Islands	NichelleLimited		9	26/03/04
Australia	Town& CountryLandHoldingsPtyLtd		1	30/09/91
Australia	Votraint No. 1103PtyLimited		1	8/05/98
Australia	ANZGeneral Partner PtyLtd		1	21/09/01
Australia	ANZ HoldingsPtyLtd		1	14/07/77
Australia	ANZ Infrastructure Investments Limited		17	5/12/95
Australia	ANZ InvestmentHoldingsPtyLtd		1	20/06/85
Australia	530 Collins StreetPropertyTrust		1
Australia	ANZ Investments PtyLtd		1	14/07/77
Jersey	ANZJerseyLimited (owned 50% by eachof ANZ&Brandts NomineesLimited*)		10	4/03/98
Australia	ANZ LeasingPty.Ltd.		1	11/04/83
Australia	ANZ Leasing (ACT)Pty. Ltd.		1	28/01/66
Australia	ANZ Leasing (BWCFinancing)PtyLtd		1	20/12/06
Australia	ANZ Leasing (NSW)Pty.Ltd.		1	27/11/81
Australia	ANZ Leasing (NT)Pty. Ltd.		1	6/02/85
Australia	ANZ Leasing (Vic)Pty.Ltd.		1	17/12/84
Australia	ANZ LendersMortgageInsurancePty.Limited		1	3/02/59
USA, New York	ANZ Limited Partnership (owned 98.9% by ANZ & 1.09% by ANZ Realty Holdings (USA)Inc)		12	21/03/91
Australia	ANZ MarginServicesPtyLimited		1	17/12/81
USA, NewYork	ANZ MPH LLC		12	15/12/03
Australia	ANZNomineesLimited		1	14/07/77
Australia	ANZOrchard Investments PtyLtd		1	27/09/01
Brazil	ANZ ParticipacoesEServicosLtda		11	18/09/81

	Annexure “A”
Domicile	Australia and New Zealand Banking Group Limited	% Owned	Reg Office	Date Registered
England	ANZ Pensions(UK)Limited(1 share - Brandts Nominees Limited*)		13	25/07/77
Australia	ANZ PrivateEquityManagementLimited		1	15/06/06
Australia	ANZ Properties (Australia)PtyLtd		1	14/03/68
Australia	Weelya Pty. Ltd.		1	20/05/85
USA, NewYork	ANZ RealtyHoldings (USA)Inc		12	23/07/91
Australia	ANZ RewardsPtyLtd		1	21/05/98
Australia	ANZ Rewards No. 2 PtyLtd		1	21/05/98
Australia	ANZ Rural ProductsPtyLtd		1	8/06/01
Australia	ANZSecurities (Holdings)Limited		1	6/05/70
Australia	ANZ Futures PtyLtd		1	15/08/84
Australia	ANZIBSpecialistAssetManagementLimited		1	21/11/01
Australia	ClevelandBay Water PtyLimited		1	22/08/05
Australia	Condamine PowerStation PtyLtd		1	22/9/06
Australia	WattlePointHoldingsPtyLtd		1	22/9/06
Australia	WattlePoint WindFarm Ptyltd		1	19/6/02
Australia	Stadium Holdings PtyLtd		1	25/9/06
Australia	Stadium InvestmentsPtyLtd		1	25/9/06
Australia	Stadium Australia OperationsPtyLtd		1	27/6/07
NewZealand	ANZSecurities (NewZealand)Limited		36	19/03/87
NewZealand	ANZMAC Securities(NewZealand)Nominees		36	19/09/90
USA, NewYork	ANZSecurities (USA)Inc		12	16/09/87
Australia	ANZSecuritiesLimited		1	20/06/73
Australia	ANZSecurities(Entrepot)PtyLtd		1	8/01/87
Australia	ANZSecurities (Nominee)PtyLtd		1	9/01/80
Australia	ANZUnderwritingLimited		1	28/06/71
Australia	ANZStaffSuperannuation(Australia)Pty. Limited		1	18/12/86
Australia	ANZStructuredInvestmentsManagementPtyLtd		1	13/06/07
Australia	ANZ Tradecentrix PtyLimited		1	7/02/01
Australia	Tradecentrix PtyLimited		1	18/01/01
PNG	Australia and NewZealandBanking Group (PNG)Limited		18	28/05/76
PNG	ANZ Investments (PNG)Limited		18	27/12/01
PNG	8&9 ChesterStreet Ltd		18	5/04/88
Australia	AzuriaAustraliaPtyLtd		1	17/09/03
Australia	Bellinz PtyLtd		1	29/04/97
Guam	Citizen’s BankcorpInc		37	05/08/1997
Guam	Citizen’s Security (Guam)Bank Inc		37	01/09/1990
Cayman Islands	Coastal Horsham Pipeline1 Ltd		28	24/07/96
USA,Delaware	CoastalGas Pipelines Victoria LLC		24	20/06/97
Australia	Crebb No 6PtyLtd (owned 50% byANZBGL&ANZNational Bank Limited)		1	15/06/01
Australia	ES& A Holdings PtyLtd		1	14/07/77
Australia	ES &A Properties (Australia)PtyLtd		1	28/08/61

	Annexure “A”
Domicile	Australia and New Zealand Banking Group Limited	% Owned	Reg Office	Date Registered
Australia	Esanda FinanceCorporation Limited		1	21/10/55
Australia	ANZ RentalSolutionsPtyLtd		1	29/06/59
Australia	ANZSpecialisedAssetFinancePtyLtd		1	15/09/83
Australia	Asset Rentals PtyLtd		1	29/04/03
Australia	EautoPtyLtd		1	25/11/86
Australia	LoanService CentrePtyLimited		1	18/06/90
Australia	Mercantile CreditsPtyLtd		1	11/07/35
Australia	ANZCAP Leasing ServicesPtyLtd		1	5/07/74
Australia	ANZCAP Leasing (Vic.)Pty.Ltd.		1	15/09/83
Australia	FCA FinancePty.Limited		1	29/04/58
Australia	AnaledPty.Ltd.		1	26/06/73
Australia	G-BNWF AircraftPtyLtd		1	18/05/00
Australia	G-BNWGAircraftPtyLtd		1	18/05/00
Australia	G-BNWK AircraftPtyLtd		1	18/05/00
Australia	G-BNWP AircraftPtyLtd		1	18/05/00
Australia	JIKK PtyLtd		1	8/05/98
Australia	NMRB FinanceLimited (In Liquidation)	N/A	N/A	23/08/74
Australia	NMRB PtyLtd		1	14/02/86
Australia	NMRSB PtyLtd		1	21/04/90
Indonesia	PT ANZ Panin Bank	85%	20	5/09/90
Fiji	QuestLimited (owned 50% byANZ&ANZ FundsPtyLtd)		29	9/01/01
USA	SpecialistEquity (US),Inc		24	TBA
England	TheBankof Australasia (In Liquidation)	N/A	N/A	24/05/51
England	TheLondon Bankof Australia (In Liquidation)	N/A	N/A	1893
England	The Union Bankof AustraliaLimited (In Liquidation)	N/A	N/A	1880
England	UpspringLimited		13	29/10/03
Australia	ZosteropsAustraliaPtyLtd		1	17/09/03

*** Held as bare nominee – no beneficial ownership**

# Deemed controlled by Endeavour Finance Limited due control of voting

Annexure “A”

Registered Offices

• 1 Level 6, 100 Queen Street, Melbourne, Australia 3000

• 2 C/- Minter Ellison Rudd Watts, Level 17, 125 The Terrace, Wellington, New Zealand

• 3 C/O United States Corporation Company, 1013 Centre Road, Wilmington Delaware USA 19805

• 4 20 Kramuon Sar & Corner 67 Street, Phnom Penh, Cambodia

• 5 Ernst & Young, Level 14, 41 Shortland Street, Auckland, New Zealand

• 6 Beach Road, Apia, Samoa

• 7 C/O Hawkes Law, KPMG House, Rue Pasteur, Port Villa, Vanuatu

• 8 Embassy Golf Links BusinessPark, Off Intermediate Ring Road, Bangalore, India 560052

• 9 Ugland House, P O Box 309, South Church Street, Grand Cayman, Cayman Islands

• 10 Castle Street, St. Helier JE4 8ZH, Jersey, Channel Islands

• 11 Av - Rio Branco (Head Office) 01 Grupo 810 Rio de Janeiro RJ Brazil

• 12 6[th] Floor, 1177 Avenue of the Americas, New York, New York, USA 10036

• 13 Minerva House, Montague Close, London, SE1 9DH England

• 14 Raffles Place, #09-01 Ocean Towers, Singapore 048620

• 15 1 Raffles Place, 32-00 OUB Centre, Singapore, 048616

• 16 Suite 3101-3105, One Exchange Square, 8 Connaught Place, Central Hong Kong

• 17 Blake Dawson Waldron, Level 11, 12 Moore Street, Canberra ACT 2601

• 18 1[st] Floor, Defens Haus, Cnr Champion Parade & Hunter Street, Port Moresby, Papua New Guinea

• 19 C/ Trust Net (Cook Islands) Limited, CIDB Building, Avarua Raratonga, Cook Islands

• 20 Ground & 1[st] Floor, Panin Bank Centre, JI Jend Sudirman (Senayan) Jakarta, Indonesia, 10270

• 21 Amerika Samoa Bank Building, Fagatogo, Maoputasi County, American Samoa

• 22 Groeselaan 18, 3521 CB Utrecht, Netherlands

• 23 Bairiki, Tarawa, Republic of Kiribati

• 24 1209 Orange Street, City of Wilmington, County of New Castle, Delaware, USA

• 25 Trafalgar Court, Admiral Park, St Peter Port, Guernsey, Channel Islands

• 26 C/- Bell Gully, Level 22, Vero Centre, 48 Shortland St, Auckland, New Zealand

• 27 701-705 Dalamal House, Nariman Point, Mumbai, India 400 02

• 28 C/- Walkers, P O Box 265GT, Walker House, George Town, Grand Cayman

• 29 C/- KMPG, Level 5, ANZ House, Victoria Parade, Suva, FIJI

• 30 C/-Corporation Service Company, 2711 Centreville Road, Suite 400, Wilmington, Delaware, USA, 19711

• 31 Level 12, National Bank House, 170 – 186 Featherston Street, Wellington, New Zealand

• 32 C/- Chapman Tripp, 1-3 Grey Street, Wellington, New Zealand

• 33 Sea Meadow House, Blackburne Highway PO Box 116, Road Town, Tortola, British Virgin Islands

• 34 Baker & McKenzie, Level 27, AMP Centre, 50 Bridge Street, Sydney, NSW, 2000, Australia

• 35 Suite 3901 - 3904, 39/F, Two Exchange Square, 8 Connaught Place, Central, Hong Kong

• 36 Level 14, ANZ Tower, 215-229 Lambton Quay, Wellington, New Zealand

• 37 424 West O’Brien Drive, 114 Julale Centre, Hagatna, Guam 96910 38 Level 1, 10 Bridge Street, Sydney, NSW, 2000 39 McMahon Clarke Legal, G Floor, 62 Charlotte Street, Brisbane, Qld, 4000

Annexure “A”

• 40 Etrade Australia Limited, Level 7, 10 Bridge Street, Sydney, NSW, 2000

• 41 Level 7, 60 Castlereagh Street, Sydney, NSW, 2000

• 42 Nigel Arkell Business Advisor, Level 13, 34 Shortland Street, Auckland, New Zealand

Annexure “B”

This is the Annexure of 1 page marked “B” referred

to in the form 605 Notice of ceasing to be a substantial holder

Signed by me and dated 9 October 2007

………………………………………….

John Priestley – Company Secretary

Australia and New Zealand Banking Group Limited

Note 1: ANZ understands that ING Australia Limited (“INGA”) has acquired relevant interests in the securities referred to in the adjacent columns. ANZ and each of the ANZ Subsidiaries is taken under section 608(3)(a) of the Corporations Act 2001 to have the same relevant interests in the Entity as INGA by reason of it having voting power above 20% in INGA and consequently has acquired relevant interests in those securities.

• Note 2: ANZ understands that ING Australia Limited (“INGA”) has ceased to have relevant interests in the securities referred to in the adjacent columns. ANZ and each of the ANZ Subsidiaries is taken under section 608(3)(a) of the Corporations Act 2001 to have the same relevant interests in the Entity as INGA by reason of it having voting power above 20% in INGA and consequently has ceased to have relevant interests in those securities.

Note 3: This transaction was a sale, and the date shown represents the date of the trade. Settlement of the trade occurred, and ANZ and each of the ANZ Subsidiaries ceased to have a relevant interest in those securities, on the date 3 business days thereafter.