Westpac Self-Funding Instalments over securities in IAG

Structured Investments
Level 11, Tower Two
International Towers Sydney
200 Barangaroo Avenue
Barangaroo NSW 2000

Telephone: 1800 990 107
www.westpac.com.au/structuredinvestments

30 October 2018

Mr Martin Dinh
Warrant Administration
Australian Securities Exchange
Level 6, 20 Bridge St
Sydney NSW 2000


Dear Mr Dinh

Re: Westpac Self-Funding Instalments over securities in Insurance Australia Group Limited
(IAG)

Westpac Banking Corporation, as issuer of Self-Funding Instalments (“SFI”) over the following
securities, notifies of a distribution/entitlement in respect of those securities:

Distribution/Entitlement of Security
Securities
Insurance Australia Group Limited (IAG)
Distribution/Entitlement
Capital return - $0.195
Special dividend - $0.055 (fully franked)
Share consolidation
Amount
$0.2500 per security
Share consolidation ratio
0.9760 for 1
Ex-distribution/Entitlement Date
31 October 2018
Record Date
1 November 2018
Payment Date
On or about 26 November 2018

As detailed in the applicable Product Disclosure Statement (“PDS”), SFI holders direct that dividends
be applied to reduce the Completion Payment of the SFI. The new Completion Payment/s will
become effective from the ex-entitlement date. The following SFIs will commence trading ex-
entitlement on a deferred settlement basis on 31 October 2018 and on a normal settlement basis on 8
November 2018, in line with trading in the underlying IAG shares.

Resulting Change in Completion Payment for each Self Funding Instalment
ASX Code
Previous
Completion
Payment
Distribution
applied to
reduce
Completion
Payment
New
Completion
Payment
Increase due
to Share
consolidation
Final
Completion
Payment
IAGSWA $2.8795 $0.2500 $2.6295 $0.0647 $2.6942
IAGSWR $2.7193 $0.2500 $2.4693 $0.0607 $2.5300

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

For and on behalf of Westpac Banking Corporation