AUSTAL LIMITED — Major Shareholding Notification 2016

Sep 12, 2016

Form 605

Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme AUSTAL LIMITED (ASB) ACN/ARSN ACN 009 250 266

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 The holder ceased to be a substantial holder on 09/09/2016 The previous notice was given to the company on 01/09/2016 The previous notice was dated 30/08/2016

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
09/09/2016	WBC & its Associates, Advance Asset Management Limited, Asgard Capital Management Limited, Westpac RE Limited, BT Funds Management Limited, BT Funds Management No.2 Limited, BT Investment Management (Institutional) Limited, BT Investment Management (Fund Services)Limited	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

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 the voting interests of the company or scheme are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

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4. Addresses

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

Name	Name	Address
Westpac Banking Corporation (WBC)		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
BT Funds Management Limited		Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
BT Funds Management No.2 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
AUSTAL LIMITED (ASB)		The Company Secretary AUSTAL LIMITED (ASB) 100 Clarence Beach Road HENDERSON WA 6166 Tel: +61 8 9410 1111
Signature Print name Sign here	Tim Hartin CapacityCompanySecretary
	Date 13/09/2016

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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 4 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (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 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.

• (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.

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ANNEXURE A

This is annexure ‘A' referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities

Tim Hartin – Company Secretary, Westpac Banking Corporation – 13/09/2016

Sales & Purchases for the period : 31/08/2016 to 9/09/2016 SECURITY: ASB

Advance Asset	Management Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
8/09/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	02	3.02	Ordinary	02
8/09/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	704	1,070.08	Ordinary	704
9/09/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	7,292	11,885.96	Ordinary	7,292
	Total		7,998	12,959.06
	Advance Asset Management Limited Total :		7,998	12,959.06
BT Funds Management Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
31/08/2016	BT Portfolio Services Limited	Purchase	2,040	3,106.51	Ordinary	2,040
5/09/2016	BT Portfolio Services Limited	Sale	-2,000	-2,923.60	Ordinary	2,000
	Total		40	182.91
	BT Funds Management Limited Total :		40	182.91
BT Funds Management No.2 Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
9/09/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-134,205	-218,754.15	Ordinary	134,205
	Total		-134,205	-218,754.15
	BT Funds Management No.2 Limited Total :		-134,205	-218,754.15
BT Investment Management (Fund Services) Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
9/09/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-752,863	-1,227,166.69	Ordinary	752,863
	Total		-752,863	-1,227,166.69
	BT Investment Management (Fund Services) Limited Total :		-752,863	-1,227,166.69
BT Investment Management (Institutional) Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
9/09/2016	Australia and New Zealand Banking Group Limited	Sale	-11,050	-18,011.50	Ordinary	11,050
9/09/2016	Australia and New Zealand Banking Group Limited	Sale	-7,298	-11,895.74	Ordinary	7,298
9/09/2016	Australia and New Zealand Banking Group Limited	Sale	-19	-30.97	Ordinary	19

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9/09/2016	Australia and New Zealand Banking Group Limited	Sale	-1,592	-2,594.96	Ordinary	1,592
9/09/2016	Australia and New Zealand Banking Group Limited	Sale	-1,031	-1,680.53	Ordinary	1,031
9/09/2016	Australia and New Zealand Banking Group Limited	Sale	-4,945	-8,060.35	Ordinary	4,945
9/09/2016	Australia and New Zealand Banking Group Limited	Sale	-196	-319.48	Ordinary	196
	Total		-26,131	-42,593.53
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
9/09/2016	State Street Australia Limited	Sale	-258,278	-420,993.14	Ordinary	258,278
9/09/2016	State Street Australia Limited	Sale	-109,456	-178,413.28	Ordinary	109,456
9/09/2016	State Street Australia Limited	Sale	-19,067	-31,079.21	Ordinary	19,067
	Total		-386,801	-630,485.63
	BT Investment Management (Institutional) Limited Total :		-412,932	-673,079.16

Westpac RE Limited

Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person’s votes affected
8/09/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	21	31.50	Ordinary	21
8/09/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	7,485	11,377.20	Ordinary	7,485
9/09/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	77,571	126,440.73	Ordinary	77,571
	Total		85,077	137,849.43
	Westpac RE Limited Total :		85,077	137,849.43

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ANNEXURE B

This is annexure ‘B ’ (being 3 pages) referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities

13/09/2016

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

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Crusade ABS Series 2013 - 1 Trust Australia Westpac Cook Cove Trust I Australia Crusade ABS Series 2015 - 1 Trust Australia Westpac Cook Cove Trust II Australia Crusade ABS Series 2016 - 1 Trust Australia Westpac Covered Bond Trust Australia Crusade CP Management Pty Limited Australia Westpac Custodian Nominees Pty Limited Australia Crusade CP No.1 Pty Limited Australia Westpac Databank Pty Limited Australia Crusade CP Trust No. 53 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 2007 Australia Westpac Equity Pty Limited Australia Crusade Global Trust 2 of 2006 Australia Westpac Europe Limited UK Crusade Management Limited Australia Westpac Finance (HK) Limited Hong Kong Crusade 2P Trust of 2008 Australia Westpac Financial Consultants Limited Australia Danaby Pty Limited Australia Westpac Financial Holdings Pty Limited Australia eQR Securities Pty. Limited Australia Westpac Financial Services Group Limited Australia Europe Infrastructure Debt LP UK Westpac Financial Services Group-NZ-Limited New Zealand General Credits Pty Limited Australia Westpac Financial Services Limited Australia Halcyon Securities Pty Limited Australia Westpac Funding Holdings Pty Limited Australia Hastings Advisers LLC USA Westpac Funds Financing Holdco Pty Limited Australia Hastings Forestry Investments Limited New Zealand Westpac Funds Financing Pty Limited Australia Hastings Forests Australia Pty Limited Australia Westpac General Insurance Limited Australia Hastings Funds Management (UK) Limited Singapore Westpac General Insurance Services Limited Australia Hastings Funds Management (USA) Inc. UK Westpac Global Capital Markets Pty Limited Australia Hastings Funds Management Asia Pty. Limited USA Westpac Group Investment-NZ-Limited New Zealand Hastings Funds Management Limited Australia Westpac Holdings-NZ-Limited New Zealand Hastings Infrastructure 1 Limited UK Westpac Investment Capital Corporation USA Hastings Infrastructure 2 Limited UK Westpac Investment Vehicle No.2 Pty Limited Australia Hastings Investment Capital LP USA Westpac Investment Vehicle No.3 Pty Limited Australia Hastings Investment Management (Europe) Ltd USA Westpac Investment Vehicle Pty Limited Australia Hastings Investment Management Pty Ltd UK Westpac Leasing Nominees-Vic.-Pty Limited Australia Hastings Investments GP LLC Australia Westpac Lenders Mortgage Insurance Limited Australia Hastings Korea Company Limited Korea Westpac Life Insurance Services Limited Australia Hastings Management Pty Limited Australia Westpac Life-NZ-Limited New Zealand Hastings Private Equity Fund IIA Pty Limited Australia Westpac New Zealand Group Limited New Zealand Hickory Trust Australia Westpac New Zealand Limited New Zealand Westpac New Zealand Staff Superannuation Scheme Hitton Pty Limited Australia Trustee Limited New Zealand HLT Custodian Trust New Zealand Westpac Nominees-NZ-Limited New Zealand Infrastructure GP LLP UK Westpac Notice Saver PIE Fund Australia Infrastructure GP 2 LLP UK Westpac NZ Covered Bond Holdings Limited New Zealand Infrastructure Research and Advisory Services Private Limited India Westpac NZ Covered Bond Limited New Zealand Magnitude Group Pty Limited Australia Westpac NZ Operations Limited New Zealand MIF Custodian Trust New Zealand Westpac NZ Securitisation Holdings Limited New Zealand Mortgage Management Pty Limited Australia Westpac NZ Securitisation Limited New Zealand Net Nominees Limited Australia Westpac NZ Securitisation No. 2 Limited New Zealand Number 120 Limited New Zealand Westpac Overseas Holdings No. 2 Pty Limited Australia

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Oniston Pty Limited	Australia	Westpac Overseas Holdings Pty Limited	Australia
Partnership Pacific Pty Limited	Australia	Westpac Properties Limited	Australia
Partnership Pacific Securities Pty Limited	Australia	Westpac RE Limited	Australia
Pashley Investments Pty Limited	Australia	Westpac Securities Administration Limited	Australia
Planwise AU Pty Limited	Australia	Westpac Securities Limited	Australia
Qvalent Pty Limited	Australia	Westpac Securities NZ Limited	New Zealand
RAMS Financial Group Pty Limited	Australia	Westpac Securitisation Holdings Pty Limited	Australia
Reinventure Fund ILP	Australia	Westpac Securitisation Management Pty Limited	Australia
Reinventure Fund II ILP	Australia	Westpac Singapore Limited	Singapore
RMS Warehouse Trust 2007-1	Australia	Westpac Structured Products Limited	Australia
Sallmoor Pty Limited	Australia	Westpac Superannuation Nominees-NZ-Limited	New Zealand
Securitor Financial Group Limited	Australia	Westpac Syndications Management Pty Limited	Australia
Seed Pool Trust No. 2	Australia	Westpac Term PIE Fund	New Zealand
Series 2008-1M WST Trust	Australia	Westpac TPS Trust	Australia
Series 2009-1 WST Trust	Australia	Westpac Unit Trust	Australia
Series 2011-1 WST Trust	Australia	Westpac USA Inc.	USA
Series 2011-2 WST Trust	Australia

Note: Westpac retains 30.0% ownership of BT Investment Management Limited who lodges separate notices under ASX code ‘BTT’

BT Investment Management Limited (30.0%)

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

Australia Australia

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