ANZ responds to OIO decision

Australia and New Zealand Banking Group Limited ABN 11 005 357 522
News Release

For release: 21 December 2017

ANZ responds to OIO decision


ANZ Bank New Zealand has been informed that New Zealand’s Overseas Investment Office has
declined HNA Group’s application to acquire UDC Finance.

ANZ Bank Group Executive and New Zealand CEO David Hisco said: “While the sale
agreement between the parties remains in place, unless HNA successfully overturns the OIO
decision, the sale will not proceed.

“We don’t know if HNA will attempt to overturn the decision.

“If the sale does not proceed, we’ll assess our strategic options regarding the future of UDC. It’s
a great business and there is no immediate requirement to do anything, particularly given the
strength of ANZ’s capital position.

“UDC continues to be a highly profitable and strong business, with great staff and customers, and
a growing loan portfolio across a range of industries.

“UDC’s focus remains on its core business of financing vehicles and equipment for people and
companies across New Zealand. So, it will be business as usual for our staff and customers.”

This OIO decision has no impact on the recently announced $AUD1.5 billion on-market buy
back of ANZ Banking Group shares.

The UDC transaction proceeds are equivalent to ~10 basis points of APRA CET1 capital. If the
transaction does not go ahead, ANZ’s FY18 earnings will no longer be adjusted for the sale. The
transaction summary detail was included in the ANZ Banking Group News Release of 11
January 2017.



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