ARENA REIT. — Major Shareholding Notification 2015

Aug 18, 2015

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ARENA REIT (ARF) comprising Arena REIT Limited, Arena REIT No. 1 and Arena REIT No. 2

ACN/ARSN

Arena REIT Limited ACN 602 365 186 Arena REIT No. 1 ARSN 106 891 641 Arena REIT No. 2 ARSN 101 067 878

1. Details of substantial holder(1)

Name

WESTPAC BANKING CORPORATION (WBC) and its associated entities listed in Annexure ‘B’

ACN/ARSN (if applicable)

ACN 007 457 141

There was a change in the interests of the substantial holder on 17/08/2015 The previous notice was given to the company on 02/07/2015 The previous notice was dated 30/06/2015

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice in the company or scheme, are as follows:

Class of securities (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	VotingPower(5)	Person’s votes	VotingPower(5)
ORDINARY SHARES	13,753,759	6.02%	11,484,173	5.01%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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:

company or scheme	are as follows:
Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change(7)	Class and number of securities affected	Person’s votes affected
17/08/2015	WBC & its Associates, Westpac Financial Services Limited, Advance Asset Management Limited, Asgard Capital Management Limited, Westpac RE Limited, Westpac Financial Services	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

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Group Limited, BT Funds Management Limited, BT Investment Management (Institutional) Limited, BT Investment Management (Fund Services) Limited

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest (6)	Class and Number of securities	Person’s votes
Advance Asset Management Limited	HSBC Custody Nominees (Australia) Limited.	HSBC Custody Nominees (Australia) Limited.	Advance Asset Management Ltd is the responsible entity of various managed investment schemes and also acts as a fund manager.	60,287, Ordinary	60,287
Asgard Capital Management Limited	Asgard Capital Management Limited	HSBC Custody Nominees (Australia) Limited. Asgard Capital Management Limited	Asgard Capital Management Limited ABN 92 009 279 592 AFSL 240695 is a custodian and operator of Investor-Directed Portfolio Service (IDPS). Asgard Capital Management Limited is the custodian and operator of Asgard eWrap Investment, Asgard Funds Account, LifeForce eWrap Investment and Personal Choice Private eWrap Investment Account.	61,056, Ordinary	61,056
BT Funds Management Limited	Asgard Capital Management Limited BT Portfolio Services Limited	HSBC Custody Nominees (Australia) Limited. Asgard Capital Management Limited BT Portfolio Services Limited	BT Funds Management Limited is the manager of various superannuation funds, institutional investor portfolios and unit trusts and, in that capacity, can exercise the power to vote or dispose of the shares.	461,722, Ordinary	461,722
BT Investment Management (Fund Services) Limited	HSBC Custody Nominees (Australia) Limited.	HSBC Custody Nominees (Australia) Limited. Asgard Capital Management Limited	BT Investment Management (Fund Services) Limited is the responsible entity of various managed investment	7,695,448, Ordinary	7,695,448

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		BT Portfolio Services Limited	schemes and, in that capacity, can exercise the power to vote or dispose of the shares.
BT Investment Management (Institutional) Limited	Citicorp Nominees Pty Limited	HSBC Custody Nominees (Australia) Limited. Asgard Capital Management Limited BT Portfolio Services Limited Citicorp Nominees Pty Limited	BT Investment Management (Institutional) Limited (previously known as BT Investment Management (RE) Limited) is the fund manager of various superannuation funds, institutional investor portfolios and unit trusts and, in that capacity, can exercise the power to vote or dispose of the shares.	2,574,823, Ordinary	2,574,823
Westpac Financial Services Group Limited	HSBC Custody Nominees (Australia) Limited.	HSBC Custody Nominees (Australia) Limited. Asgard Capital Management Limited BT Portfolio Services Limited Citicorp Nominees Pty Limited	Westpac Financial Services Group Limited Registered Holder of Securities. ABN: 50 000 326 312	386,602, Ordinary	386,602
Westpac Financial Services Limited	BT Portfolio Services Limited	HSBC Custody Nominees (Australia) Limited. Asgard Capital Management Limited BT Portfolio Services Limited Citicorp Nominees Pty Limited	Westpac Financial Services Limited is the responsible entity of various managed investment schemes and, in that capacity, can exercise the power to vote or dispose of shares.	655, Ordinary	655
Westpac RE Limited	HSBC Custody Nominees (Australia) Limited.	HSBC Custody Nominees (Australia) Limited.	Westpac RE Limited is the manager of various superannuation funds, institutional investor portfolios and unit trusts and, in that capacity,can	243,580, Ordinary	243,580

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exercise the power to vote or dispose of the shares.

5. Changes in association

The persons who have become associates (2) of, or ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

6. Addresses

6. Addresses
The addresses ofpersons named in this form are as follows:
Name	Address
Westpac Banking Corporation (WBC)	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
Westpac Financial Services Limited	Level 20, Westpac Place, 275 Kent Street Sydney NSW 2000
Advance Asset Management Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
Asgard Capital Management Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
Westpac RE Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
Westpac Financial Services Group Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
BT Funds Management Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
BT Investment Management (Institutional) Limited	Level 14, Chifley Tower, 2 Chifley Square SydneyNSW 2000
BT Investment Management (Fund Services) Limited	Level 14, Chifley Tower, 2 Chifley Square SydneyNSW 2000
ARENA REIT (ARF)	The Company Secretary, ARENA REIT (ARF) 71 Flinders Lane MELBOURNE VIC 3000 Tel: +61 3 9093 9000 Fax: +61 3 9093 9093

Signature

Print name Tim Hartin Capacity Company Secretary Sign here Date 19/08/2015

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	DIRECTIONS
(1)	If there are a number of substantial holders with similar or related relevant interests (e.g. 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 6
	of the form.
(2)	See the definition of “associate” in section 9 of the Corporations Act 2001.
(3)	See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The person’s votes divided by the total votes in the body corporate scheme multiplied by 100.
(6)	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 Act 2001.
(7)	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.
(8)	If the substantial holder is unable to determine the identity of the person (e.g. if the relevant interest arises because of an
	option) write “unknown”.
(9)	Give details, if appropriate, of the present association and any changes in that association since the last substantial holding
	notice.

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ANNEXURE A

This is annexure ‘A’ referred to in Form 604, Notice of change of interests of substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities.

Tim Hartin - Company Secretary, Westpac Banking Corporation - 17/08/2015

TRANSACTION HISTORY

Sales & Purchases for the period : 1/07/2015 to 17/08/2015 SECURITY: ARF

Advance Asset Management Limited

						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected
13/08/2015	HSBC Custody Nominees (Australia) Limited.	Purchase	982	1,512.28	Ordinary	982
	Total		982	1,512.28
	Advance Asset Management Limited Total :		982	1,512.28

Asgard Capital Management Limited

						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected
13/08/2015	Asgard Capital Management Limited	Purchase	533	.00	Ordinary	533
13/08/2015	Asgard Capital Management Limited	Purchase	309	.00	Ordinary	309
17/08/2015	Asgard Capital Management Limited	Purchase	533	820.82	Ordinary	533
17/08/2015	Asgard Capital Management Limited	Purchase	309	475.86	Ordinary	309
17/08/2015	Asgard Capital Management Limited	Sale	-533	.00	Ordinary	533
17/08/2015	Asgard Capital Management Limited	Sale	-309	.00	Ordinary	309
	Total		842	1,296.68
	Asgard Capital Management Limited Total :		842	1,296.68

BT Funds Management Limited

						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected
7/07/2015	BT Portfolio Services Limited	Purchase	3,000	4,786.50	Ordinary	3,000
15/07/2015	BT Portfolio Services Limited	Purchase	5,100	7,989.66	Ordinary	5,100
30/07/2015	BT Portfolio Services Limited	Purchase	5,000	7,925.00	Ordinary	5,000
	Total		13,100	20,701.16
	BT Funds Management Limited Total :		13,100	20,701.16
BT Investment Management(Fund Services) Limited
						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected

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3/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-78,687	-125,899.20	Ordinary	78,687
3/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-56,994	-91,190.40	Ordinary	56,994
3/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-7,862	-12,579.20	Ordinary	7,862
3/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-73,176	-117,081.60	Ordinary	73,176
3/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-34,707	-55,531.20	Ordinary	34,707
3/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-35,066	-56,105.60	Ordinary	35,066
3/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-16,064	-25,702.40	Ordinary	16,064
7/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-100,000	-154,000.00	Ordinary	100,000
14/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-6,094	-9,445.70	Ordinary	6,094
15/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-540	-847.80	Ordinary	540
16/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-54,851	-86,664.58	Ordinary	54,851
17/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-8,823	-13,940.34	Ordinary	8,823
20/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-184	-294.40	Ordinary	184
20/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-36,722	-58,755.20	Ordinary	36,722
20/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-20,281	-32,449.60	Ordinary	20,281
20/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-46,250	-74,000.00	Ordinary	46,250
21/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-11,594	-18,550.40	Ordinary	11,594
21/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-162,168	-259,468.80	Ordinary	162,168
28/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-8,346	-13,103.22	Ordinary	8,346
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-206,352	-323,972.64	Ordinary	206,352
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-36,375	-57,108.75	Ordinary	36,375
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-14,563	-22,863.91	Ordinary	14,563
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-418	-656.26	Ordinary	418
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-706,357	-1,108,980.49	Ordinary	706,357
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-6,005	-9,427.85	Ordinary	6,005
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-4,675	-7,339.75	Ordinary	4,675
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-53,313	-83,701.41	Ordinary	53,313
14/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-466	-736.28	Ordinary	466
14/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-448	-725.76	Ordinary	448
14/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-5,579	-9,037.98	Ordinary	5,579
17/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-307	-494.27	Ordinary	307
17/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-21,000	-32,970.00	Ordinary	21,000
17/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-3,824	-6,156.64	Ordinary	3,824
	Total		-1,818,091	-2,869,781.63
	BT Investment Management (Fund Services) Limited Total :		-1,818,091	-2,869,781.63

BT Investment Management (Institutional) Limited

						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected
16/07/2015	Citicorp Nominees Pty Limited	Sale	-35,114	-55,480.12	Ordinary	35,114
17/07/2015	Citicorp Nominees Pty Limited	Sale	-5,648	-8,923.84	Ordinary	5,648
20/07/2015	Citicorp Nominees Pty Limited	Sale	-39,961	-63,937.60	Ordinary	39,961
20/07/2015	Citicorp Nominees Pty Limited	Sale	-26,256	-42,009.60	Ordinary	26,256
21/07/2015	Citicorp Nominees Pty Limited	Sale	-65,379	-104,606.40	Ordinary	65,379
21/07/2015	Citicorp Nominees Pty Limited	Sale	-45,859	-73,374.40	Ordinary	45,859

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14/08/2015	Citicorp Nominees Pty Limited	Sale	-3,634	-5,887.08	Ordinary	3,634
17/08/2015	Citicorp Nominees Pty Limited	Sale	-2,491	-4,010.51	Ordinary	2,491
	Total		-224,342	-358,229.55
	BT Investment Management (Institutional) Limited Total :		-224,342	-358,229.55

Westpac RE Limited

						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-10,000	-15,700.00	Ordinary	10,000
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-5,000	-7,850.00	Ordinary	5,000
31/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-500	-815.00	Ordinary	500
31/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-4,100	-6,683.00	Ordinary	4,100
6/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-5,000	-8,050.00	Ordinary	5,000
10/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-1,500	-2,385.00	Ordinary	1,500
10/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-1,721	-2,736.39	Ordinary	1,721
	Total		-27,821	-44,219.39
	Westpac RE Limited Total :		-27,821	-44,219.39

Westpac Financial Services Group Limited

						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-26,098	-40,973.86	Ordinary	26,098
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-163,999	-257,478.43	Ordinary	163,999
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-1,727	-2,711.39	Ordinary	1,727
29/07/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-12,156	-19,084.92	Ordinary	12,156
7/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-10,000	-16,100.00	Ordinary	10,000
14/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-206	-333.72	Ordinary	206
14/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-133	-210.14	Ordinary	133
17/08/2015	HSBC Custody Nominees (Australia) Limited.	Sale	-141	-227.01	Ordinary	141
	Total		-214,460	-337,119.47
	Westpac Financial Services Group Limited Total :		-214,460	-337,119.47

Westpac Financial Services Limited

						Person’s
		Nature of	Quantity		Class of	votes
Date	Registered Company	Change		Consideration	Securities	affected
6/08/2015	BT Portfolio Services Limited	Purchase	204	330.48	Ordinary	204
	Total		204	330.48
	Westpac Financial Services Limited Total :		204	330.48

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ANNEXURE B – ASSOCIATED COMPANIES

This is annexure ‘B ’ (being 3 pages) referred to in Form 604, Notice of change of interests of substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities

Tim Hartin – Company Secretary, Westpac Banking Corporation – 19/08/2015

Westpac Banking Corporation	Australia	Seed Pool Trust No. 2	Australia
1925 (Commercial) Pty Limited	Australia	Series 2008-1M WST Trust	Australia
1925 (Industrial) Pty Limited	Australia	Series 2009-1 WST Trust	Australia
1925 Advances Pty Limited	Australia	Series 2011-1 WST Trust	Australia
A.G.C. (Pacific) Limited	Papua New Guinea	Series 2011-2 WST Trust	Australia
Advance Asset Management Limited	Australia	Series 2011-3 WST Trust	Australia
Altitude Administration Pty Limited	Australia	Series 2012-1 WST Trust	Australia
Altitude Rewards Pty Limited	Australia	Series 2013-1 WST Trust	Australia
Aotearoa Financial Services Limited	New Zealand	Series 2013-2 WST Trust	Australia
Ascalon Capital Managers (Asia) Limited	Hong Kong	Series 2014-1 WST Trust	Australia
Ascalon Capital Managers Limited	Australia	Series 2014-2 WST Trust	Australia
Ascalon Funds Seed Pool Trust	Australia	Series 2015-1 WST Trust	Australia
Asgard Capital Management Limited	Australia	SIE-Lease (Australia) Pty Limited	Australia
Asgard Wealth Solutions Limited	Australia	SIE-Lease (New Zealand) Pty Limited	New Zealand
Australian Loan Processing Security Company Pty Ltd	Australia	Sixty Martin Place (Holdings) Pty Limited	Australia
Australian Loan Processing Security Trust	Australia	St.George Business Finance Pty Limited	Australia
Bella Trust No. 2	Australia	St.George Custodial Pty Limited	Australia
Belliston Pty Limited	Australia	St.George Equity Finance Limited	Australia
Bill Acceptance Corporation Pty Limited	Australia	St.George Finance Holdings Limited	Australia
BT (Queensland) Pty Limited	Australia	St.George Finance Limited	Australia
BT Australia Pty Limited	Australia	St.George Life Limited	Australia
BT Financial Group (NZ) Limited	New Zealand	St.George Motor Finance Limited	Australia
BT Financial Group Pty Limited	Australia	St.George Security Holdings Pty Limited	Australia
BT Funds Management (NZ) Limited	New Zealand	Sydney Capital Corp Inc.	USA
BT Funds Management Limited	Australia	Tavarua Funding Trust IV	USA
BT Funds Management No.2 Limited	Australia	Teuton Pty Limited	Australia
BT Long Term Income Fund	Australia	The Home Mortgage Company Limited	New Zealand
BT Portfolio Services Limited	Australia	The Mortgage Company Pty Limited	Australia
BT Private Nominees Pty Limited	Australia	The Warehouse Financial Services Limited	New Zealand
BT Securities Limited	Australia	Value Nominees Pty Limited	Australia
BT Short Term Income Fund	Australia	W2 Investments Pty Limited	Australia
Canning Park Capital Pte. Ltd	Australia	Waratah Receivables Corp Pty Limited	Australia
Capital Corporate Finance Limited	Australia	Waratah Securities Australia Limited	Australia
Capital Finance (NZ) Limited	Australia	Westpac (NZ) Investments Limited	New Zealand
Capital Finance Australia Limited	Australia	Westpac Administration Pty Limited	Australia
Capital Finance New Zealand Limited	Australia	Westpac Administration 2 Limited	Australia
Capital Fleetlease Limited	Australia	Westpac Administration 3 Limited	Australia
Capital Motor Finance Limited	Australia	Westpac Administration 4 Limited	Australia
Capital Rent Group Limited	New Zealand	Westpac Altitude Rewards Trust	Australia
Castlereagh Trust	Australia	Westpac Americas Inc.	USA

Page 9

CBA Limited Australia Westpac Asian Lending Pty Limited Australia Papua New Challenge Limited Australia Westpac Bank-PNG-Limited Guinea Core Infrastructure Income Feeder 1 L P UK Westpac Capital Holdings Inc. USA Core Infrastructure Income Feeder 2 L P UK Westpac Capital Markets Holding Corp. USA Core Infrastructure Income Master L P UK Westpac Capital Markets LLC USA Crusade ABS Series 2012 - 1 Trust Australia Westpac Capital Trust IV USA Crusade ABS Series 2013 - 1 Trust Australia Westpac Capital-NZ-Limited New Zealand Crusade ABS Series 2015 - 1 Trust Australia Westpac Cash PIE Fund Australia Crusade CP Management Pty Limited Australia Westpac Cook Cove Trust I Australia Crusade CP No.1 Pty Limited Australia Westpac Cook Cove Trust II Australia Crusade CP Trust No. 52 Australia Westpac Covered Bond Trust Australia Crusade CP Trust No. 53 Australia Westpac Custodian Nominees Pty Limited Australia Crusade CP Trust No. 55 Australia Westpac Debt Securities Pty Limited Australia Crusade CP Trust No. 56 Australia Westpac Delta LLC USA Crusade CP Trust No. 57 Australia Westpac Direct Equity Investments Pty Limited Australia Crusade CP Trust No. 58 Australia Westpac Equipment Finance Limited Australia Crusade Euro Trust 1E of 2006 Australia Westpac Equity Holdings Pty Limited Australia Crusade Euro Trust 1E of 2007 Australia Westpac Equity Investments NZ Limited New Zealand Crusade Global Trust 1 of 2006 Australia Westpac Equity Pty Limited Australia Crusade Global Trust 1 of 2007 Australia Westpac Europe Limited UK Crusade Global Trust 2 of 2005 Australia Westpac Finance (HK) Limited Hong Kong Crusade Global Trust 2 of 2006 Australia Westpac Financial Consultants Limited Australia Crusade Management Limited Australia Westpac Financial Holdings Pty Limited Australia Crusade 2P Trust of 2008 Australia Westpac Financial Services Group Limited Australia Danaby Pty Limited Australia Westpac Financial Services Group-NZ-Limited New Zealand Data Republic Pty Limited Australia Westpac Financial Services Limited Australia eQR Securities Pty. Limited Australia Westpac Funds Financing Holdco Pty Limited Australia Europe Infrastructure Debt LP UK Westpac Funds Financing Pty Limited Australia G.C.L. Investments Pty Limited Australia Westpac Funding Holdings Pty Limited Australia General Credit Holdings Pty Limited Australia Westpac General Insurance Limited Australia General Credits Pty Limited Australia Westpac General Insurance Services Limited Australia Halcyon Securities Pty Limited Australia Westpac Global Capital Markets Pty Limited Australia Hastings Advisers LLC USA Westpac Group Investment-NZ-Limited New Zealand Hastings Forestry Investments Limited New Zealand Westpac Holdings-NZ-Limited New Zealand Hastings Forests Australia Pty Limited Australia Westpac Investment Capital Corporation USA Hastings Funds Management (UK) Limited Singapore Westpac Investment Vehicle No.2 Pty Limited Australia Hastings Funds Management (USA) Inc. UK Westpac Investment Vehicle No.3 Pty Limited Australia Hastings Funds Management Asia Pty. Limited USA Westpac Investment Vehicle Pty Limited Australia Hastings Funds Management Limited Australia Westpac Leasing Nominees-Vic.-Pty Limited Australia Hastings Infrastructure 1 Limited UK Westpac Lenders Mortgage Insurance Limited Australia Hastings Infrastructure 2 Limited UK Westpac Life Insurance Services Limited Australia Hastings Investment Capital LP USA Westpac Life-NZ-Limited New Zealand Hastings Investment Management Pty Ltd USA Westpac New Zealand Group Limited New Zealand Hastings Investment Management (Europe) Ltd UK Westpac New Zealand Limited New Zealand Hastings Investments GP LLC Australia Westpac Nominees-NZ-Limited New Zealand

Page 10

Hastings Korea Company Limited	Korea	Westpac Notice Saver PIE Fund	Australia
Hastings Management Pty Limited	Australia	Westpac NZ Covered Bond Holdings Limited	New Zealand
Hastings Private Equity Fund IIA Pty Limited	Australia	Westpac NZ Covered Bond Limited	New Zealand
Hickory Trust	Australia	Westpac NZ Operations Limited	New Zealand
Hitton Pty Limited	Australia	Westpac NZ Securitisation Holdings Limited	New Zealand
HLT Custodian Trust	New Zealand	Westpac NZ Securitisation Limited	New Zealand
Infrastructure GP LLP	UK	Westpac NZ Securitisation No. 2 Limited	New Zealand
Infrastructure GP 2 LLP	UK	Westpac Overseas Holdings No. 2 Pty Limited	Australia
Infrastructure Research and Advisory Services Private
Limited	India	Westpac Overseas Holdings Pty Limited	Australia
Magnitude Group Pty Limited	Australia	Westpac Properties Limited	Australia
MIF Custodian Trust	New Zealand	Westpac RE Limited	Australia
Mortgage Management Pty Limited	Australia	Westpac Securities Administration Limited	Australia
Nationwide Management Pty Limited	Australia	Westpac Securities Limited	Australia
Net Nominees Limited	Australia	Westpac Securities NZ Limited	New Zealand
Number 120 Limited	New Zealand	Westpac Securitisation Holdings Pty Limited	Australia
Oniston Pty Limited	Australia	Westpac Securitisation Management Pty Limited	Australia
Partnership Pacific Pty Limited	Australia	Westpac Singapore Limited	Singapore
Partnership Pacific Securities Pty Limited	Australia	Westpac Structured Products Limited	Australia
Pashley Investments Pty Limited	Australia	Westpac Superannuation Nominees-NZ-Limited	New Zealand
Qvalent Pty Limited	Australia	Westpac Syndications Management Pty Limited	Australia
RAMS Financial Group Pty Limited	Australia	Westpac Term PIE Fund	New Zealand
Reinventure Fund ILP	Australia	Westpac TPS Trust	Australia
RMS Warehouse Trust 2007-1	Australia	Westpac Unit Trust	Australia
Sallmoor Pty Limited	Australia	Westpac USA Inc.	USA
Securitor Financial Group Limited	Australia

Note: Westpac retains 31.4% ownership of BT Investment Management Limited who lodges separate notices under ASX code ‘BTT’

BT Investment Management Limited (31.4%)

BT Investment Management (Institutional) Limited (Subsidiary of BT Investment Management Limited)

Australia Australia

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