WBCPH – Distribution for the period ending 22 June 2018

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Announcement Summary
Entity name
WESTPAC BANKING CORPORATION
Security on which the Distribution will be paid
WBCPH - CAPITAL NOTES 5 DEFERRED SETTLEMENT
Announcement Type
New announcement
Date of this announcement
Thursday March 15, 2018
Distribution Amount
AUD 0.99270000
Ex Date
Wednesday June 13, 2018
Record Date
Thursday June 14, 2018
Payment Date
Friday June 22, 2018
Additional Information
This announcement is in relation to the first Distribution Period for Westpac Capital Notes 5 (WCN 5), which were
issued by Westpac Banking Corporation on 13 March 2018 (Issue Date). The first Distribution Period is from (but
excluding) the Issue Date to (and including) Friday 22 June 2018. The number of days in the first Distribution Period
is 101 days and is longer than the normal Distribution Period.

The Distribution Rate was determined using the following formula:
(Bank Bill Rate + Margin) x (1 - Tax Rate)
as follows:
Bank Bill Rate is the 90 day Bank Bill Rate on 13 March 2018: 1.9250% pa
+ Margin: 3.2000% pa
= 5.1250% pa
x (1 - Tax Rate): 0.70
= Distribution Rate: 3.5875% pa
The cash amount of the Distribution on each WCN 5 was calculated as follows:
Distribution Rate: 3.5875% pa
x Face Value: AUD 100
x days in Distribution Period: 101
/ 365
= cash amount of Distribution: AUD 0.9927, fully franked
Refer to below for full details of the announcement
Notification of dividend / distribution

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Announcement Details
Part 1 - Entity and announcement details
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
New announcement
1.5 Date of this announcement
Thursday March 15, 2018
1.6 ASX +Security Code
WBCPH
ASX +Security Description
CAPITAL NOTES 5 DEFERRED SETTLEMENT
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of one quarter
2A.3 The dividend/distribution relates to the financial reporting or payment period ending
ended/ending (date)
Friday June 22, 2018
2A.4 +Record Date
Thursday June 14, 2018
2A.5 Ex Date
Wednesday June 13, 2018
2A.6 Payment Date
Friday June 22, 2018

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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 0.99270000
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?
No
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 0.99270000
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 %

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3A.4 Ordinary dividend/distribution franked
amount per +security
AUD 0.99270000
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
Wednesday March 14, 2018
3D.2 End date of payment period
Friday June 22, 2018
3D.3 Date dividend/distribution rate is set (optional)
Tuesday March 13, 2018
3D.4 Describe how the date that dividend/distribution rate is set is determined
The Distribution Rate for the first Distribution Period is determined on the Issue Date.
3D.5 Number of days in the dividend/distribution
period
101
3D.6 Dividend/distribution base rate (pa)
1.9250 %
3D.7 Comments on how dividend/distribution base rate is set
90 day Bank Bill Rate on the Issue Date for the first Distribution Period. For more information, refer to the WCN 5
Prospectus.
3D.8 Dividend/distribution margin
3.2000 %
3D.9 Comments on how dividend/distribution margin is set
Margin set at the time of issue of WCN 5 and will not change. For more information, refer to the WCN 5 Prospectus.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-1.5375 %

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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 Distribution Payment Date (30%). For more information, refer to the WCN 5 Prospectus.
3D.12 Total dividend/distribution rate for the period (pa)
3.5875 %
3D.13 Comment on how total distribution rate is set
Distribution Rate = (Bank Bill Rate + Margin) x (1 - Tax Rate)
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
Capitalised terms in this announcement have the meanings given in the WCN 5 Prospectus, which is available from
. www.westpac.com.au/westpaccapnotes5
This Distribution payment is subject to Westpac's absolute discretion and the Distribution Payment Conditions being
satisfied in respect of the Distribution Payment Date. (NB: These are standard conditions in respect of each
quarterly Distribution paid on WCN 5 - refer to the WCN 5 Prospectus.)
5.2 Additional information for inclusion in the Announcement Summary
This announcement is in relation to the first Distribution Period for Westpac Capital Notes 5 (WCN 5), which were
issued by Westpac Banking Corporation on 13 March 2018 (Issue Date). The first Distribution Period is from (but
excluding) the Issue Date to (and including) Friday 22 June 2018. The number of days in the first Distribution Period
is 101 days and is longer than the normal Distribution Period.

The Distribution Rate was determined using the following formula:
(Bank Bill Rate + Margin) x (1 - Tax Rate)
as follows:
Bank Bill Rate is the 90 day Bank Bill Rate on 13 March 2018: 1.9250% pa
+ Margin: 3.2000% pa
= 5.1250% pa
x (1 - Tax Rate): 0.70
= Distribution Rate: 3.5875% pa
The cash amount of the Distribution on each WCN 5 was calculated as follows:
Distribution Rate: 3.5875% pa
x Face Value: AUD 100
x days in Distribution Period: 101
/ 365
= cash amount of Distribution: AUD 0.9927, fully franked

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