Westpac Self-Funding Instalments over securities in TCL

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

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

15 December 2017

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


Dear Mr Dinh

Re: Westpac Self-funding Instalment Warrants over securities in Transurban Group (TCL)

Westpac Banking Corporation, as issuer of Self-Funding Instalments (“SFIs”) over TCL, notifies of an
adjustment to the Completion Payment in respect of those SFIs:

On 12 December 2017 TCL announced a 3 for 37 pro-rata accelerated renounceable entitlement offer.
Under the Terms of Issue of the above warrants, Westpac has sold the rights entitlement at an
average price of $1.0451 per right. As a result, holders will have their Completion Payment reduced
by $0.0847 per warrant. The new Completion Payment/s will become effective immediately. The
following SFIs will commence trading on an adjusted basis on 18 December 2017.


Resulting Change in Completion Payment for each Self-Funding Instalment
ASX Code
Previous
Completion
Payment
Rights Sale Proceeds
applied to reduce
Completion Payment
New
Completion
Payment
TCLSWA $5.9607 $0.0847 $5.8760
TCLSWR $4.6859 $0.0847 $4.6012


For further information please contact Westpac Banking Corporation on 1800 990 107.

For and on behalf of Westpac Banking Corporation