Update – Dividend/Distribution – WBC

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Update Summary
Entity name
WESTPAC BANKING CORPORATION
Security on which the Distribution will be paid
WBC - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
Wednesday June 5, 2019
Reason for the Update
Provide details of DRP price, DRP participation rate, and foreign currency payment details.
Additional Information
NIL
Refer to below for full details of the announcement
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
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Provide details of DRP price, DRP participation rate, and foreign currency payment details.
1.4b Date of previous announcement(s) to this update
Monday May 6, 2019
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1.5 Date of this announcement
Wednesday June 5, 2019
1.6 ASX +Security Code
WBC
ASX +Security Description
ORDINARY FULLY PAID
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending
ended/ending (date)
Sunday March 31, 2019
2A.4 +Record Date
Friday May 17, 2019
2A.5 Ex Date
Thursday May 16, 2019
2A.6 Payment Date
Monday June 24, 2019
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 0.94000000
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?
Yes

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2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
We have a Dividend/Distribution Reinvestment
Plan (DRP)
2A.11a If the +entity has a DRP, is the DRP
applicable to this dividend/distribution?
Yes
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.12 Does the +entity have tax component
information apart from franking?
Yes
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes
such as the banking instruction or registered address of the +securityholder? (For example NZD
to residents of New Zealand and/or USD to residents of the U.S.A.).
Yes
2B.2 Please provide a description of your currency arrangements
Details of dividend payment options for Westpac Ordinary Fully Paid Shares are available on Westpac's Investor
Centre at .http://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-payment/
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
GBP - Pound SterlingGBP 0.50854000
NZD - New Zealand DollarNZD 0.99076000
2B.2b Please provide the exchange rates used for non-primary currency payments
AUD / GBP 0.5410
AUD / NZD 1.0540
2B.2c If payment currency equivalent and
exchange rates not known, date for information
to be released
Wednesday June 5, 2019
Estimated or Actual?
Actual
2B.3 Can the securityholder choose to receive a currency different to the currency they would
receive under the default arrangements?
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

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3A.1b Ordinary Dividend/distribution amount per
security
AUD 0.94000000
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 %
3A.4 Ordinary dividend/distribution franked
amount per +security
AUD 0.94000000
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 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may
enter a url).
A New Zealand imputation credit of NZD 0.07 per Westpac Ordinary Fully Paid Share will attach to the dividend.
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to
participate in the DRP?
Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of
election notices to share registry under DRP
Monday May 20, 2019 17:00:00
4A.3 DRP discount rate
1.5000 %
4A.4 Period of calculation of reinvestment price
Start Date
Wednesday May 22, 2019
End Date
Tuesday June 4, 2019
4A.5 DRP price calculation methodology
The average of the daily volume weighted average market price per Westpac Ordinary Fully Paid Share sold on the
ASX and Chi-X during the 10 trading days commencing 22 May 2019, with a discount of 1.5 percent applied.

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4A.6 DRP Price (including any discount):
AUD 27.36000
4A.7 DRP +securities +issue date
Monday June 24, 2019
4A.8 Will DRP +securities be a new issue?
Yes
4A.8a Do DRP +securities rank pari passu from
+issue date?
Yes
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
No
4A.11 Are there any other conditions applying to DRP participation?
Yes
4A.11a Conditions for DRP participation
Participation in the DRP is restricted to shareholders who are resident in, and whose address on the register of
shareholders is in, Australia or New Zealand.
4A.12 Link to a copy of the DRP plan rules
https://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-reinve
stment-plan/
4A.13 Further information about the DRP
https://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-reinvestment-plan/
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
Participation in the DRP for the 2019 Interim Dividend is expected to be approximately 35.77% of Westpac ordinary
shares on issue.
5.2 Additional information for inclusion in the Announcement Summary
NIL