Series 1198-1 Subordinated Instruments – Call Notice

19 July 2022

Market Announcements Office
ASX Limited
20 Bridge Street
Sydney NSW 2000

Level 18, 275 Kent Street
Sydney, NSW 2000


Call Notice – Series 1198-1 SGD325,000,000 Fixed Rate Subordinated Instruments due August 2027
(ASX code: WBCHBK)

Westpac Banking Corporation has released the attached Call Notice for the Series 1198-1 SGD325,000,000
Fixed Rate Subordinated Instruments due August 2027 issued under the Westpac Banking Corporation
Programme for the Issuance of Debt Instruments (ASX code: WBCHBK).





This document has been authorised for release by Tim Hartin, Company Secretary.

To: The Holders of all Instruments referred to below

CALL NOTICE

Westpac Banking Corporation SGD325,000,000 Fixed Rate
Subordinated Instruments due August 2027
issued under the Westpac Banking Corporation Programme for
the Issuance of Debt Instruments ("EMTN Programme")

Pursuant to Condition 8.3 of the Terms and Conditions as set out in the Information
Memorandum for the EMTN Programme dated 14 November 2014 (as supplemented
by the Information Memorandum dated 6 August 2015), Westpac Banking
Corporation hereby gives notice to redeem in whole the following Instruments:

DETAILS OF INSTRUMENTS

Series: 1198
Tranche No: 1
ISIN: XS1273972957
Aggregate Principal Amount
of Tranche: SGD325,000,000
Early Redemption Amount (Call): SGD250,000 per Calculation Amount
(such Calculation Amount being
SGD250,000)
Early Redemption Date (Call): 12 August 2022, subject to adjustment in
accordance with the Following Business
Day Convention
Accrued Interest: 4.00 per cent per annum payable semi-
annually in arrear for the period from and
including the previous Interest Payment
Date to but excluding the Early
Redemption Date (Call)
Listing: Yes, admitted for official quotation on the
Australian Securities Exchange’s
wholesale Interest Rate Securities
Market.
Issuer: Westpac Banking Corporation acting
through its head office
Date: 18 July 2022

Westpac Banking Corporation


__________________________
Guy Volpicella
Head of Structured Funding and Capital, Group Treasury