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

5 September 2018

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 31 August 2018, TCL announced a 10 for 57 accelerated pro rata renounceable entitlement offer.
Under the Terms of Issue of the above SFIs, Westpac has sold the entitlements at an average price of
$0.9599 per entitlement. As a result, holders will have their Completion Payment reduced by $0.1685
per SFI. The new Completion Payment/s will become effective immediately. The following SFIs will
commence trading on an adjusted basis on 6 September 2018:

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 $5.5579 $0.1685 $5.3894
TCLSWR $4.2251 $0.1685 $4.0566

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


For and on behalf of Westpac Banking Corporation