Westpac Self-Funding Instalments over securities in IOF

Structured Investments
Level 11, Tower Two
International Towers Sydney
200 Barangaroo Avenue
Barangaroo NSW 2000

Telephone: 1800 990 107
www.westpac.com.au/structuredinvestments
6 December 2018

Mr Martin Dinh
Warrant Administration
Australian Securities Exchange
Level 6, 20 Bridge St
Sydney NSW 2000


Dear Mr Dinh

Re: Westpac Self-Funding Instalments over securities in Investa Office Fund (IOF)

Westpac Banking Corporation (“Westpac”) is the issuer of the following Westpac Self-Funding
Instalments (“SFIs”) over securities in IOF:

IOFSWR

On 18 October 2018, Investa Listed Funds Management Limited (“ILFML”) as responsible entity of the
Investa Office Fund (“IOF”) announced that it had has entered into a scheme implementation
agreement with Oxford Properties Group (“Oxford”) in relation to the proposal received from Oxford
whereby Oxford offered to acquire all of the units in IOF for $5.60 cash per IOF unit (less any
distributions declared or paid by IOF on or after 13 September 2018) by way of trust scheme (“Oxford
Proposal”).

On 5 December 2018, following the required approval of the Oxford Proposal by IOF Unitholders on 4
December 2018, ILFML announced that the Supreme Court of New South Wales made orders
approving the Oxford Proposal. The Oxford Proposal is expected to be implemented on the 14
December 2018 at which time IOF unitholders are expected to receive cash payment for their IOF
units. It is expected that IOF units will be suspended from trading on the ASX at the close of trading
on 6 December 2018 and an application will be made for IOF to be delisted.

As announced on 29 November 2018, in accordance with clause 12.1 of the Terms of Issue, Westpac
fixed an Accelerated Completion Date for IOFSWR of 14 December 2018 in the event the Oxford
Proposal became effective.

IOFSWR will be suspended from trading at the close of trading on 6 December 2018 and
subsequently delisted after the close of trading on 14 December 2018.

The Security Trustee will use the cash proceeds of $5.60 per IOF unit (less any distributions declared
or paid by IOF on or after 13 September 2018 and prior to implementation of the Oxford Proposal) to
make the Completion Payment of $1.4920 per Westpac SFI and pay the balance remaining to each
Westpac SFI holder. Additionally, each Westpac SFI holder will also receive a pro-rata refund of the
pre-paid Interest Amount, calculated in accordance with the formula provided in the Product
Disclosure Statement.

Capitalised terms in this letter have the meanings given to them in the Product Disclosure Statement,
unless the context otherwise requires.

For further information please contact Westpac on 1800 990 107.

For and on behalf of Westpac Banking Corporation