WBCPC – pro-rata dividend for period ending 13 March 2018

Notification of dividend / distribution
Notification of dividend / distribution
1 / 6
Update Summary
Entity name
WESTPAC BANKING CORPORATION
Security on which the Distribution will be paid
WBCPC - CNV PREF 6-BBSW+3.25% PERP NON-CUM RED T-03-18
Announcement Type
Update to previous announcement
Date of this announcement
Monday February 5, 2018
Reason for the Update
To provide an update on the next Dividend on Westpac Convertible Preference Shares (Westpac CPS). Refer to
section 5.2 Additional Information for further details.
Additional Information
In accordance with the amended Westpac CPS Terms a pro-rata Dividend is payable on 13 March 2018 for the
period from 1 October 2017 to 13 March 2018 (inclusive).
The Dividend Rate was determined using the following formula:
(Bank Bill Rate + Margin) x (1 - Tax Rate)
as follows:
Bank Bill Rate is the 180 day Bank Bill Rate displayed on the Reuters page BBSW at 10:30am Sydney time on 2
October 2017: 1.9100% pa
+ Margin: 3.2500% pa
= 5.1600% pa
x (1 - Tax Rate): 0.70
= Dividend Rate: 3.6120% pa
The cash amount of the pro-rata Dividend was calculated as follows:
Dividend Rate: 3.6120% pa
x Face Value: AUD 100
x days in Dividend Period: 164
/ 365
= cash amount of Dividend: AUD 1.6229, fully franked
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
Notification of dividend / distribution

Notification of dividend / distribution
Notification of dividend / distribution
2 / 6
1.1 Name of +Entity
WESTPAC BANKING CORPORATION
1.2 Registered Number Type
ABN
Registration Number
33007457141
1.3 ASX issuer code
WBC
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
To provide an update on the next Dividend on Westpac Convertible Preference Shares (Westpac CPS). Refer to
section 5.2 Additional Information for further details.
1.4b Date of previous announcement(s) to this update
Thursday October 5, 2017
1.5 Date of this announcement
Monday February 5, 2018
1.6 ASX +Security Code
WBCPC
ASX +Security Description
CNV PREF 6-BBSW+3.25% PERP NON-CUM RED T-03-18
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending
ended/ending (date)
Tuesday March 13, 2018
2A.4 +Record Date
Monday March 5, 2018
2A.5 Ex Date
Friday March 2, 2018
2A.6 Payment Date
Tuesday March 13, 2018

Notification of dividend / distribution
Notification of dividend / distribution
3 / 6
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0
of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the
timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount
per +security (in primary currency) for all
dividends/distributions notified in this form
AUD 1.62290000
Estimated or Actual?
Actual
2A.10 Does the entity have arrangements
relating to the currency in which the
dividend/distribution is paid to securityholders
that it wishes to disclose to the market?
No
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
We do not have a securities plan for
dividends/distributions on this security
2A.12 Does the +entity have tax component
information apart from franking?
Yes
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution
estimated at this time?
No
3A.1a Ordinary dividend/distribution estimated
amount per +security
AUD
3A.1b Ordinary Dividend/distribution amount per
security
AUD 1.62290000
3A.2 Is the ordinary dividend/distribution
franked?
Yes
3A.2a Is the ordinary dividend/distribution fully
franked?
Yes
3A.3 Percentage of ordinary
dividend/distribution that is franked
100.0000 %
3A.3a Applicable corporate tax rate for franking
credit (%)
30.0000 %

Notification of dividend / distribution
Notification of dividend / distribution
4 / 6
3A.4 Ordinary dividend/distribution franked
amount per +security
AUD 1.62290000
3A.5 Percentage amount of dividend which is
unfranked
0.0000 %
3A.6 Ordinary dividend/distribution unfranked
amount per +security excluding conduit foreign
income amount
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit
foreign income amount per security
AUD 0.00000000
Part 3D - Preference +security distribution rate details
3D.1 Start date of payment period
Sunday October 1, 2017
3D.2 End date of payment period
Tuesday March 13, 2018
3D.3 Date dividend/distribution rate is set (optional)
Monday October 2, 2017
3D.4 Describe how the date that dividend/distribution rate is set is determined
First Business Day of the Dividend Period
3D.5 Number of days in the dividend/distribution
period
164
3D.6 Dividend/distribution base rate (pa)
1.9100 %
3D.7 Comments on how dividend/distribution base rate is set
180 day Bank Bill Rate displayed on the Reuters page BBSW at 10:30am Sydney time on the first Business Day of
the Dividend Period. For more information, refer to the Westpac CPS Prospectus and amended Westpac CPS
Terms.
3D.8 Dividend/distribution margin
3.2500 %
3D.9 Comments on how dividend/distribution margin is set
Margin set at the time of issue of Westpac CPS and will not change. For more information, refer to the Westpac
CPS Prospectus.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-1.5480 %

Notification of dividend / distribution
Notification of dividend / distribution
5 / 6
3D.11 Comments on how other rate used in calculating dividend/distribution rate is set
Other rate = A - B
where
A = (Bank Bill Rate + Margin) x (1 - Tax Rate)
B = Bank Bill Rate + Margin
Tax Rate (expressed as a decimal) means the Australian corporate tax rate applicable to the franking account of
Westpac as at the relevant Dividend Payment Date (30%). For more information, refer to the Westpac CPS
Prospectus.
3D.12 Total dividend/distribution rate for the period (pa)
3.6120 %
3D.13 Comment on how total distribution rate is set
Dividend Rate = (Bank Bill Rate + Margin) x (1 - Tax Rate)
Part 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may
enter a url).
New Zealand imputation credits are expected to be attached to Westpac CPS dividend payments and the amount
of imputation credits will be included in the Westpac CPS dividend statements.
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
Capitalised terms in this announcement have the same meaning as in the amended Westpac CPS Terms, which
were lodged on ASX on 5 February 2018 and are also available from .www.westpac.com.au/westpaccps
This Dividend payment is subject to the determination of Westpac Directors and the dividend payment test being
satisfied. (Refer to the amended Westpac CPS Terms.)

Notification of dividend / distribution
Notification of dividend / distribution
6 / 6
5.2 Additional information for inclusion in the Announcement Summary
In accordance with the amended Westpac CPS Terms a pro-rata Dividend is payable on 13 March 2018 for the
period from 1 October 2017 to 13 March 2018 (inclusive).
The Dividend Rate was determined using the following formula:
(Bank Bill Rate + Margin) x (1 - Tax Rate)
as follows:
Bank Bill Rate is the 180 day Bank Bill Rate displayed on the Reuters page BBSW at 10:30am Sydney time on 2
October 2017: 1.9100% pa
+ Margin: 3.2500% pa
= 5.1600% pa
x (1 - Tax Rate): 0.70
= Dividend Rate: 3.6120% pa
The cash amount of the pro-rata Dividend was calculated as follows:
Dividend Rate: 3.6120% pa
x Face Value: AUD 100
x days in Dividend Period: 164
/ 365
= cash amount of Dividend: AUD 1.6229, fully franked