Westpac Self-Funding Instalments over securities in IOF

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

Telephone: 1800 990 107
www.westpac.com.au/structuredinvestments
29 November 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 Investa Office Fund (IOF)

Westpac Banking Corporation (“Westpac”) is the issuer of the following Westpac Self-Funding
Instalments (“SFIs”) over securities in IOF:

IOFSWR

On 18 October 2018, Investa Listed Funds Management Limited (“ILFML”) as responsible entity of the
Investa Office Fund (“IOF”) announced that it had has entered into a scheme implementation
agreement with Oxford Properties Group (“Oxford”) in relation to the proposal received from Oxford
whereby Oxford offered to acquire all of the units in IOF for $5.60 cash per IOF unit (less any
distributions declared or paid by IOF on or after 13 September 2018) by way of trust scheme (“Oxford
Proposal”). It is not expected that IOF will declare a distribution prior to implementation of the trust
scheme (“Scheme”). The Scheme is subject to a number of customary conditions including receipt of
judicial advice from the Court, regulatory approvals and approval by IOF unitholders.

A meeting of IOF unitholders to consider the Oxford Proposal is currently scheduled to be held at
2.30pm (Sydney time) on 4 December 2018. If the Oxford Proposal if approved and successfully
implemented, Oxford will acquire all of the IOF units on issue.

In the event that the Oxford Proposal becomes effective:

 It is expected that IOF units will be suspended from trading on the ASX at the close of trading
on 6 December 2018 and an application will be made for IOF to be delisted. The Oxford
Proposal is expected to be implemented on the 14 December 2018 at which time IOF
unitholders are expected to receive cash payment for their IOF units.
 In accordance with clause 12.1 of the Terms of Issue, Westpac will fix an Accelerated
Completion Date of 14 December 2018. IOFSWR will be suspended from trading at the close
of trading on 6 December 2018 and subsequently delisted after the close of trading on 14
December 2018.
 The Security Trustee will use the cash proceeds of $5.60 per IOF unit (less any distributions
declared or paid by IOF on or after 13 September 2018 and prior to implementation of the
Scheme) to make the Completion Payment and pay the balance remaining to each Westpac
SFI holder. Additionally, each Westpac SFI holder will also receive a pro-rata refund of the
pre-paid Interest Amount, calculated in accordance with the formula provided in the Product
Disclosure Statement.

For further information please contact Westpac on 1800 990 107.


For and on behalf of Westpac Banking Corporation