Update on capital position

ANZ Group Holdings Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 16 659 510 791

News Release
For Release: 8 August 2024

Update on capital position

ANZ today provided an update on its capital position following a series of adjustments to
ANZ’s Common Equity Tier 1 (CET1) arising from ANZ’s acquisition of Suncorp and other
model and prudential changes.

These changes include:

• Previously advised model reviews of mortgage risk weights have now been approved
by both APRA and RBNZ. Once fully implemented, the benefit of these model changes
will be a ~$22bn reduction in Advanced Internal Ratings Based Risk Weighted Assets.

• On 26 June, APRA released amendments to its capital framework which come into
effect on 30 September. APRA has subsequently approved ANZ’s application of this
revised framework (APS 112).

The net benefit of these methodology and prudential changes will be ~30 basis points (bps)
of Level 2 CET1 by 30 September 2024.

In addition, ANZ disclosed on 9 July it expects the impact of the Suncorp Bank acquisition to
result in a reduction of 105 bps in Level 2 CET1. This represents an improvement of
approximately 18 bps relative to the pro-forma estimate announced at ANZ’s half year
results in May.

Further details are included in the charts attached. Given the complexity of this disclosure,
ANZ will host an analyst and investor briefing at 2pm AEST with ANZ’s Group Treasurer and
its Group General Manager Risk Metrics & Measurement. Details will be distributed
separately.

For media enquiries contact:

Stephen Ries
GGM Corporate Communications & ESG
Tel: +61-409655-551


For analyst enquiries contact:

Jill Campbell
GGM Investor Relations
Tel: +61-3-8654-7749


Approved for distribution by ANZ’s Continuous Disclosure Committee