Redemption of ANZ Capital Notes 3

Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For release: 15 February 2023

Redemption of outstanding ANZ Capital Notes 3

In connection with the ANZ Capital Notes 8 offer launched by Australia and New Zealand
Banking Group Limited (ANZ) today (Offer), ANZ today announced it will redeem all
outstanding ANZ Capital Notes 3 issued by ANZ on 5 March 2015 (ASX: AN3PF) (CN3) for
their Face Value of $100 each on 24 March 2023 and accordingly has issued the attached
Exchange Notice in respect of those CN3.

The CN3 were issued on the terms set out in Appendix A to the CN3 prospectus dated 5
February 2015 (as most recently amended on 3 January 2023) (CN3 Terms).

The last day of trading of the CN3 on the ASX will be 8 March 2023.

CN3 Holders on the Register on 10 March 2023 will be entitled to the Face Value of $100 per
CN3 and, subject to the conditions set out in the CN3 Terms, will also receive a final
Distribution of $2.4408 per CN3.

Unless otherwise defined, capitalised terms in this announcement have the meaning given to
them in the CN3 Terms.

For investor enquiries about the ANZ Capital Notes 8 Offer, including the
Reinvestment Offer, or the CN3 redemption, please visit capitalnotes.anz.com or
call the ANZ Information Line on 1800 113 399 (within Australia) or +613 9415
4010 (international) (Monday to Friday – 8:30am to 5:30pm AEDT).

For media enquiries contact:

Lachlan McNaughton
Senior Manager Corporate Communications
Tel: +61 457 494 414


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 statement does not constitute 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.

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF ANZ CN3
HOLDERS. IF YOU HAVE ANY QUESTIONS REGARDING THIS NOTICE, YOU SHOULD
SEEK ADVICE FROM YOUR FINANCIAL ADVISER OR OTHER PROFESSIONAL ADVISER.



Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) acting
through its New Zealand branch

(“ANZ”)

Exchange Notice

given in respect of the CN3 (as defined below)

15 February 2023


A. Redemption of the CN3

ANZ issued the ANZ Capital Notes 3 on 5 March 2015 (with ASX Code “AN3PF”) (the “CN3”) on
the terms and conditions set out in Appendix A to the prospectus in relation to the CN3 dated 5
February 2015 (as most recently amended on 3 January 2023) (the “CN3 Terms”).

The CN3 Terms provide ANZ with an option to redeem the CN3 on the Optional Exchange Date
falling on 24 March 2023. ANZ hereby gives notice to each holder of CN3 that in accordance with
the CN3 Terms it has made the election to redeem all outstanding CN3 on 24 March 2023. This
is a “Redemption” for the purposes of the CN3 Terms.

This notice is an “Exchange Notice” given in respect of CN3 in accordance with clause 5.1(b)
(“Optional Exchange by ANZ”) and clause 7 (“Redemption Mechanics”) of the CN3 Terms.

B. Payment of the Face Value of CN3

The CN3 will be redeemed by payment of the Face Value of $100 for each CN3 that you hold as
at 10 March 2023.

Eligible CN3 holders who have applied to participate in the Reinvestment Offer as described in
the prospectus issued by ANZ in relation to the issue of capital notes (the “CN8”) on 15 February
2023 will have the Face Value in respect of their CN3 applied as the Application Payment for the
CN8 for which they have applied (to the extent their applications are accepted).

C. On what date will the redemption occur?

The redemption will occur on 24 March 2023 (subject to the CN3 Terms).

D. What happens in respect of the Distributions for the period to 24 March 2023?

A final distribution of $2.4408 per CN3 is scheduled to be paid by ANZ in respect of all CN3 on
24 March 2023 (subject to the payment conditions in the CN3 Terms and ANZ’s absolute
discretion) (“Final CN3 Distribution”). The record date for the Final CN3 Distribution is 7.00pm
(Melbourne, Australia time) on 10 March 2023.

All holders of CN3 on the record date will be entitled to receive the Final CN3 Distribution,
including holders who participate in the Reinvestment Offer.

E. Do holders of CN3 need to do anything?

If you wish to participate in the Reinvestment Offer, you should refer to the CN8 prospectus for
details of the Reinvestment Offer. There are restrictions on the ability of holders of CN3 to
participate in the Reinvestment Offer.