Westpac Capital Notes 5 – Completion of Bookbuild

NOT FOR DISTRIBUTION IN THE UNITED STATES

ASX ANNOUNCEMENT
9 February 2018
Westpac Capital Notes 5 Offer – Margin set at 3.20% p.a. and Offer size increased to $1.45 billion
Westpac Banking Corporation (Westpac) today announced the successful completion of the Bookbuild for
its Westpac Capital Notes 5 Offer.
Due to strong demand, Westpac has closed the Bookbuild earlier than scheduled. Following the Bookbuild:
 the Margin has been set at 3.20% per annum; and
 the Offer size has been increased to approximately $1.45 billion, with the ability to raise more or
less.
The final Offer size will be determined following the close of the Reinvestment Offer and Securityholder
Offer. Westpac reserves the right to Allocate Notes and scale back Applications if necessary, as set out in
the Prospectus.
The replacement Prospectus, which includes the Margin and the revised Offer size, is expected to be
lodged with ASIC on 13 February 2018, and will be available via the Westpac Capital Notes 5 Offer website
at www.westpac.com.au/westpaccapnotes5. Investors should read the Prospectus carefully before
deciding whether to apply for Notes.
The Reinvestment Offer and Securityholder Offer will open on 13 February 2018.
All Eligible Westpac CPS Holders and Eligible Securityholders can view the Prospectus and apply online
through www.westpac.com.au/westpaccapnotes5 from 13 February 2018. For those who have elected
to receive a printed Prospectus accompanied by a personalised Reinvestment Application Form or a
personalised Securityholder Application Form, dispatch is expected to commence on or around
16 February 2018.
The Closing Date for the Reinvestment Offer and Securityholder Offer is expected to be 5.00pm (Sydney
time) on 6 March 2018.
For more information on the Offer and how to apply:
 Visit the Offer website at www.westpac.com.au/westpaccapnotes5;
 Read the Prospectus, which contains full details of the Offer (including the Reinvestment Offer), in
its entirety;
 Call the Westpac Capital Notes 5 Information Line (Monday to Friday, 8.30am to 5.30pm, Sydney
time) on 1300 784 494 (local call cost within Australia);
 Seek professional advice from a financial adviser or other professional adviser.

WARNING – Westpac Capital Notes 5 are not deposit liabilities of Westpac, are riskier than bank
deposits and may not be suitable for some investors. Their overall complexity may make them
difficult to understand and the risks associated with the Notes could result in the loss of all of your
investment. If you do not fully understand how they work or the risks associated with them, you
should obtain professional advice.
Capitalised terms used in this announcement have the meanings given to them in the Prospectus dated
5 February 2018.

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Media Relations
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Investor Relations, please contact:
Andrew Bowden
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T. 02 8253 4008
M. 0438 284 863
This announcement is not financial product advice and has not taken into account your objectives, financial situation or needs.
This announcement does not constitute an offer in any place in which, or to any person to whom, it would not be lawful to make such an
offer. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States
or to, or for the account or benefit of, any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933 (U.S. Securities
Act)) (U.S. Person). Westpac Capital Notes 5 have not been, and will not be, registered under the U.S. Securities Act or the securities laws
of any state or other jurisdiction of the United States and may not be offered, sold, delivered or transferred in the United States or to, or for
the account or benefit of, any U.S. Person.