Commonwealth Bank of Australia

Capital/Financing Update • Dec 12, 2025

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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 (the "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2014/65/EU (as amended, "MiFID II"); (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended or superseded), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (the "Prospectus Regulation"). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the "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 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 UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA"); (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 UK domestic law by virtue of the EUWA; or (iii) not a "qualified" investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the EUWA (the "UK Prospectus Regulation"). Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of UK 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.

UK MiFIR PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE COUNTERPARTIES ONLY TARGET MARKET – Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook (COBS), and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018; and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the manufacturer's target market assessment; however, a distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels.

NOTIFICATION UNDER SECTION 309B(1)(C) OF THE SECURITIES AND FUTURES ACT 2001 OF SINGAPORE – In connection with Section 309B of the Securities and Futures Act 2001 of Singapore (as amended) and the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (the "CMP Regulations 2018"), the Issuer has determined the classification of the Notes to be capital markets products other than prescribed capital markets products (as defined in the CMP Regulations 2018) and Specified Investment Products (as defined in the Monetary Authority of Singapore (the "MAS") Notice SFA 04-N12: Notice on the Sale of Investment Products and in the MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

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Commonwealth Bank of Australia ABN 48 123 123 124

Issuer's Legal Entity Identifier (LEI): MSFSBD3QN1GSN7Q6C537

Issue of EUR 400,000,000 Floating Rate Notes due December 2026 under the U.S.\$70,000,000,000 Euro Medium Term Note Programme

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 Programme Circular dated 1 July 2025 and the supplement to it dated 13 August 2025 which together constitutes a base prospectus for the purposes of the UK Prospectus Regulation (the "Programme Circular"). 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 Programme Circular in order to obtain all the relevant information. The Programme Circular has been published on the Issuer's website at: http://www.commbank.com.au/about-us/investors/emtn-programme.html.

1. Issuer: Commonwealth Bank of Australia 2. (i) Series of which Notes are to be treated as forming part: 6717 (ii) Tranche Number: 1 (iii) Date on which the Notes will be consolidated and form a single Series: Not Applicable 3. Specified Currency or Currencies: Euro ("EUR") 4. Aggregate Nominal Amount: (i) Series: EUR 400,000,000 (ii) Tranche: EUR 400,000,000 5. Issue Price: 100.00 per cent. of the Aggregate Nominal Amount 6. (i) Specified Denominations: EUR 100,000 (ii) Calculation Amount (in relation to calculation of interest on Notes in global form or registered definitive form see Conditions): Specified Denominations

7. (i) Issue Date: 12 December 2025

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(ii) Interest Commencement Date: Issue Date

8. Maturity Date: Interest Payment Date falling in or nearest to

December 2026

9. Interest Basis: Compounded Daily ESTR+0.28 per cent.

Floating Rate

(see paragraph 14 below)

10. Redemption/Payment Basis: Subject to any purchase and cancellation or

early redemption, the Notes will be redeemed on the Maturity Date at 100.00 per cent. of their

nominal amount

11. Change of Interest Basis: Not Applicable

12. Put/Call Options: Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13. Fixed Rate Note Provisions: Not Applicable

14. Floating Rate Note Provisions: Applicable

(i) Specified Period(s)/Specified

Interest Payment Dates:

12 March 2026, 12 June 2026, 12 September 2026 and 12 December 2026 subject to

adjustment in accordance with the Business

Day Convention set out in (ii) below

(ii) Business Day Convention: Modified Following Business Day Convention

(iii) Additional Business Centre(s): T2, London, New York and Sydney

(iv) Calculation to be on a Not Applicable

Calculation Amount:

Not Applicable

(v) Party responsible for determining the Rate of Interest and/or calculating the Interest

Amount (if not the Principal

Paying Agent):

(vi) Manner in which the Rate of Interest and Interest Amount are

to be determined:

Date(s):

• Reference Rate: ESTR

• Interest Determination "p" T2 Business Days if ESTR prior to the

Interest Payment Date for the relevant Floating Interest Period or such other date on which the relevant payment of interest falls due (but

which by its definition or the operation of the

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relevant provisions is excluded from such

Interest Floating Period.

• Relevant Screen Page: BTMM EU (Bloomberg)

• SONIA Observation Not Applicable

Method:

• SONIA Observation Look-Not Applicable

Back Period:

• SOFR Observation Shift Not Applicable

Period:

• TONA Observation Not Applicable

Method:

• €STR Calculation Method: €STR Compounded Daily

• €STR Observation Method: Lag

• p: Five (5) T2 Business Days

• Index Determination: Not Applicable

• Specified Time: Not Applicable

• Interest Period End Date(s) The Interest Payment Date for the relevant

Interest Period

(vii) Linear Interpolation: Not Applicable

(viii) Margin(s) +0.28 per cent. per annum

(ix) Minimum Rate of Interest: Not Applicable

(x) Maximum Rate of Interest: Not Applicable

(xi) Day Count Fraction: Actual/360, Adjusted

15. Zero Coupon Note Provisions: Not Applicable

PROVISIONS RELATING TO REDEMPTION

16. Issuer Call: Not Applicable

17. Investor Put: Not Applicable

18. Final Redemption Amount: EUR 100,000 per Calculation Amount

Condition 6(f) shall apply

19. Early Redemption Amount payable on redemption for taxation reasons or on

event of default:

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GENERAL PROVISIONS APPLICABLE TO THE NOTES

	20.	Form of Notes:	Bearer Notes:
			Temporary Bearer Global Note exchangeable for a Permanent Bearer Global Note which is exchangeable for Definitive Notes upon an Exchange Event.
	21.	Payment Business Day Convention:	Modified Following Business Day Convention
	22.	Additional Financial Centre(s):	T2, London, New York and Sydney
	23.	Talons for future Coupons to be attached to Definitive Notes:	No
	PROVISIONS APPLICABLE TO RMB NOTES
	24.	RMB Currency Event:	Not Applicable
	25.	Spot Rate (if different from that set out in Condition 7(l)):	Not Applicable
	26.	Party responsible for calculating the Spot Rate:	Not Applicable
	27.	Relevant Currency (if different from that set out in Condition 7(l)):	Not Applicable
	28.	RMB Settlement Centre(s)	Not Applicable
		DISTRIBUTION
	29.	Additional selling restrictions:	Not Applicable
By:		Signed on behalf of Commonwealth Bank of Australia
Title:		Head of Term Funding

Duly authorised

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Part B —Other Information

1. LISTING AND ADMISSION TO TRADING

(a) 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 main

market with effect from the Issue Date.

(b) Estimate of total expenses related to admission to trading: GBP 6,200

2. RATINGS

Ratings: The Notes to be issued are expected to be rated:

Standard & Poor's (Australia) Pty. Ltd: AA-

3. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS

(i) Reasons for the offer: See "Use of Proceeds" in the Offering Circular

(ii) Estimated net proceeds: EUR 400,000,000

4. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save for any fees payable to Commonwealth Bank of Australia (the Dealer), so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Dealer and its affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.

5. YIELD

Indication of Yield: Not Applicable

6. OPERATIONAL INFORMATION

(i) ISIN: XS3251563253

(ii) Common Code: 325156325

(iii) CFI Code: See the website of the Association of National

Numbering Agencies (ANNA) or alternatively sourced from the responsible National Numbering Agency that assigned the ISIN

(iv) FISN: See the website of the Association of National

Numbering Agencies (ANNA) or alternatively sourced from the responsible National

Numbering Agency that assigned the ISIN

(v) CMU Instrument Number: Not Applicable

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(vi) Any clearing system(s) other than Euroclear and Clearstream, Luxembourg, and the relevant identification number(s):

Not Applicable

(vii) CMU Lodging and Paying Agent: Not Applicable

(viii) Delivery: Delivery against payment

(ix) Names and addresses of additional Paying Agent(s) (if any):

Not Applicable

(x) U.S. Selling Restrictions: Reg. S Compliance Category 2; TEFRA D

(xi) Prohibition of Sales to EEA Retail Investors: Applicable

(xii) Prohibition of Sales to UK Retail Investors: Applicable

(xiii) Prohibition of Sales to Belgian Consumers: Applicable

(xiv) Relevant Benchmark As at the date hereof, ESTR does not appear in the register of administrators and benchmarks established and maintained by the UK Financial Conduct Authority pursuant to Article 36 of Regulation (EU) No.2016/1011 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. As far as the Issuer is aware, as at the date hereof, the transitional provisions in Article 51 of Regulation (EU) No. 2016/1011 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 apply, such that ESTR is not currently required to obtain authorisation/registration (or, if located outside the UK, recognition, endorsement or equivalence).