ANZ issues ANZ Capital Notes 7 & redeems ANZ Cap Notes 2

Australia and New Zealand Banking Group Limited ABN 11 005 357 522
ANZ Centre Melbourne, Level 9A, 833 Collins Street, Docklands VIC 3008
News Release
For Release: 24 March 2022

ANZ issues ANZ Capital Notes 7
and redeems ANZ Capital Notes 2


ANZ today announced that it has:

• issued 13.1 million ANZ Capital Notes 7 (ANZPJ) (Notes) at $100 each, raising $1.31
billion of Additional Tier 1 Capital; and

• redeemed all 16.1 million ANZ Capital Notes 2 (ANZPE) for their face value of $100
each in accordance with the exchange notice issued by ANZ on 15 February 2022.
Approximately $860 million of the proceeds from the redemption of ANZ Capital
Notes 2 were reinvested in the Notes under the Reinvestment Offer.

Allocation Policy
Allocations to Syndicate Brokers and Institutional Investors under the Offer were determined
under the Bookbuild. Allocations to individual applicants by each Syndicate Broker were at
the discretion of the Syndicate Broker.
Applicants under the Offer should confirm their allocation of Notes with their Syndicate
Broker.
ASX Trading
The Notes are expected to commence trading on the ASX on a normal settlement basis on
25 March 2022 under the ASX code “ANZPJ”.
All applicants are responsible for confirming the number of Notes allocated to them prior to
selling any Notes. Applicants who sell Notes before receiving confirmation of their allocation
do so at their own risk.
ANZ expects confirmation statements for CHESS holders will be dispatched to successful
applicants by 31 March 2022.

Distribution Rate

The Distribution Rate for the first Distribution Period from (and including) the Issue Date of
24 March 2022 to (but excluding) the first Distribution Payment Date (which is expected to
be 20 June 2022) is 2.0265%. The Distribution Rate is calculated as follows:

3 month BBSW Rate on 24 March 2022
(first Business Day of the Distribution Period)
0.1950%
Plus Margin 2.7000%
Equals 2.8950%
Multiplied by (1 – the 30% Tax Rate) 0.7
Distribution Rate 2.0265%

This Distribution Rate equates to a fully franked Distribution amount of $0.4886 in respect
of each Note which, subject to ANZ’s absolute discretion and no Payment Condition existing
in respect of the Distribution Payment Date, is expected to be paid on 20 June 2022. This
amount and other relevant details are set out below:

Distribution in respect of each Note $0.4886
Distribution Payment Date 20 June 2022
Record date 8 June 2022
Number of days in the Distribution Period 88

Following the first Distribution Period, the Distribution Rate for the Notes will be reset
quarterly and announced on ASX.

Maximum Conversion Number

The Issue Date VWAP has been calculated as $26.38. Accordingly, the Maximum Conversion
Number has been set initially at:

• in the case of a Conversion occurring on a Mandatory Conversion Date, 7.5815 ANZ
Ordinary Shares per Note; and
• in the case of a Conversion occurring at any other time, 18.9538 ANZ Ordinary Shares
per Note.

For details about the calculation of these numbers and how they affect the Notes, see the
ANZ Capital Notes 7 Prospectus dated 23 February 2022 (Prospectus) which is available
online from the ANZ Shareholder Centre at
www.anz.com/shareholder/centre/your-
shareholding/alternative-securities/anz-capital-notes/ .

Holders of ANZ Capital Notes 7

The twenty largest holders of Notes are detailed in Attachment A to this announcement.

The distribution schedule of the Notes is set out in Attachment B to this announcement.

Participation by ANZ directors and associates in the Offer

ANZ directors and their associates were allocated 13,750 Notes.

ANZ Capital Notes 7 Class Ruling

The Australian Taxation Office (ATO) has advised that it expects to release a Class Ruling in
respect of the Notes on or around 6 April 2022. The Class Ruling is expected to be
consistent with the Taxation Summary contained in Section 7 of the Prospectus.

Once it is published, a copy of the Class Ruling will be available from the ANZ Shareholder
Centre at www.anz.com/shareholder/centre/your-shareholding/alternative-securities/anz-
capital-notes/ and from the ATO website at www.ato.gov.au (by searching in the ATO’s
Legal Database).

Unless otherwise defined, capitalised terms in this announcement have the meaning given to
them in the Prospectus.

For investor enquiries about the ANZ Capital Notes 7 Offer please visit
capitalnotes.anz.com or call the ANZ Information Line on 1800 113 399 (within
Australia) or +61 3 9415 4010 (international) (Monday to Friday – 8:30am to
5:30pm AEDT).

For media enquiries only contact:
Stephen Ries, Head of Corporate Communications +61 409 655 551

Approved for distribution by ANZ’s Continuous Disclosure Committee







































NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR
INTO THE UNITED STATES OF AMERICA. This announcement does not constitute
financial product advice or an offer of any securities for sale. The securities
referenced will not be registered under the U.S. Securities Act of 1933, as amended
(Securities Act), or the securities laws of any state or jurisdiction of the United
States and may not be offered, sold or resold, directly or indirectly, in the United
States or to, or for the account or benefit of, any U.S. person (as defined in
Regulation S under the Securities Act), except pursuant to an exemption from, or in
a transaction not subject to, the Securities Act.

Attachment A– 20 Largest Holders of ANZ Capital Notes 7

Rank Investor Number of Notes % of Notes
1.
BNP PARIBAS NOMINEES PTY LTD <AGENCY LENDING DRP
A/C>
1,247,875 9.53%
2. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 1,064,230 8.12%
3. CITICORP NOMINEES PTY LIMITED 908,735 6.94%
4. J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 529,333 4.04%
5.
NETWEALTH INVESTMENTS LIMITED <WRAP SERVICES
A/C>
263,441 2.01%
6.
BNP PARIBAS NOMINEES PTY LTD HUB24 CUSTODIAL SERV
LTD <DRP A/C>
245,675 1.88%
7. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2 216,830 1.66%
8. JOHN E GILL TRADING PTY LTD 195,596 1.49%
9.
NETWEALTH INVESTMENTS LIMITED <SUPER SERVICES
A/C>
194,353 1.48%
10. TAVERNERS NO 11 PTY LTD <BRENCORP NO 11 UNIT A/C> 150,234 1.15%
11.
BNP PARIBAS NOMINEES PTY LTD <PITCHER PARTNERS
DRP>
104,148 0.80%
12. MUTUAL TRUST PTY LTD 100,628 0.77%
13. DIMBULU PTY LTD 100,000 0.76%
14. NATIONAL NOMINEES LIMITED 93,005 0.71%
15.
NAVIGATOR AUSTRALIA LTD <MLC INVESTMENT SETT
A/C>
53,915 0.41%
16. KOLL PTY LTD <NO 1 ACCOUNT> 50,000 0.38%
17. H WENAS PTY LTD <H WENAS SUPER FUND ACCOUNT> 44,000 0.34%
18. BNP PARIBAS NOMS PTY LTD <DRP> 43,504 0.33%
19.
FINCLEAR SERVICES NOMINEES PTY LIMITED <ACCUM
A/C>
43,348 0.33%
20. ROYAL FREEMASONS BENEVOLENT INSTITUTION 39,580 0.30%
Total 5,688,430 43.42%
Total for other investors 7,411,570 56.58%
Grand Total 13,100,000 100.00%

Attachment B- Distribution schedule of the ANZ Capital Notes 7

Range Total Holders Units % of Notes
1 - 1,000 11,331 3,446,619 26.31%
1,001 - 5,000 1,201 2,441,790 18.64%
5,001 - 10,000 81 584,385 4.46%
10,001 - 100,000 56 1,406,128 10.73%
100,001 and over 12 5,221,078 39.86%
Total 12,681 13,100,000 100.00%