Update – Dividend/Distribution – ANZPF

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Update Summary
Entity name
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Security on which the Distribution will be paid
ANZPF - CAP NOTE 6-BBSW+3.60% PERP NON-CUM RED T-03-23
Announcement Type
Update to previous announcement
Date of this announcement
Thursday October 31, 2019
Reason for the Update
Pursuant to Condition 3.2 of the Note Terms, the Distribution amount has been adjusted (refer to 2A.9 and 3A.1b
for the adjusted amount) to reflect a revised Franking Rate of 70 percent (with associated changes in Part 3A
below). This increase in the Distribution amount compensates holders for the unfranked component of the
Distribution.
Additional Information
This Distribution payment is subject to ANZ's absolute discretion and no Payment Condition existing in respect of
the Distribution Payment Date (these are standard conditions in respect of every six monthly Distribution paid on
CN3). Any Australian resident holder should ensure they have provided their Tax File Number (TFN), Australian
Business Number (ABN) or other tax exemption to ANZ's Share Registrar to ensure that ANZ is not required to
withhold tax in respect of the unfranked component of the Distribution. For more information in relation to
Distributions paid on ANZ CN3, please refer to 5.1 and the ANZ CN3 Prospectus dated 5 February 2015.
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
1.2 Registered Number Type
ABN
Registration Number
11005357522
1.3 ASX issuer code
ANZ
1.4 The announcement is
Update/amendment to previous announcement
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1.4a Reason for update to a previous announcement
Pursuant to Condition 3.2 of the Note Terms, the Distribution amount has been adjusted (refer to 2A.9 and 3A.1b
for the adjusted amount) to reflect a revised Franking Rate of 70 percent (with associated changes in Part 3A
below). This increase in the Distribution amount compensates holders for the unfranked component of the
Distribution.
1.4b Date of previous announcement(s) to this update
Tuesday September 24, 2019
1.5 Date of this announcement
Thursday October 31, 2019
1.6 ASX +Security Code
ANZPF
ASX +Security Description
CAP NOTE 6-BBSW+3.60% PERP NON-CUM RED T-03-23
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)
Monday March 23, 2020
2A.4 +Record Date
Monday March 16, 2020
2A.5 Ex Date
Friday March 13, 2020
2A.6 Payment Date
Tuesday March 24, 2020
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

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2A.9 Total dividend/distribution payment amount
per +security (in primary currency) for all
dividends/distributions notified in this form
AUD 1.77540000
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 1.77540000
3A.2 Is the ordinary dividend/distribution
franked?
Yes
3A.2a Is the ordinary dividend/distribution fully
franked?
No
3A.3 Percentage of ordinary
dividend/distribution that is franked
70.0000 %
3A.3a Applicable corporate tax rate for franking
credit (%)
30.0000 %
3A.4 Ordinary dividend/distribution franked
amount per +security
AUD 1.24278000
3A.5 Percentage amount of dividend which is
unfranked
30.0000 %
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 0.53262000
Part 3D - Preference +security distribution rate details

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3D.1 Start date of payment period
Tuesday September 24, 2019
3D.2 End date of payment period
Monday March 23, 2020
3D.3 Date dividend/distribution rate is set (optional)
3D.5 Number of days in the dividend/distribution
period
182
3D.6 Dividend/distribution base rate (pa)
1.0287 %
3D.7 Comments on how dividend/distribution base rate is set
This is the 180 day Bank Bill Rate (average mid-rate) on the first Business Day of the Distribution Period. For more
information, please refer to the ANZ CN3 Prospectus dated 5 February 2015.
3D.8 Dividend/distribution margin
3.6000 %
3D.9 Comments on how dividend/distribution margin is set
Margin as determined under the Bookbuild. For more information, please refer to the ANZ CN3 Prospectus dated
5 February 2015.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-1.3886 %
3D.11 Comments on how other rate used in calculating dividend/distribution rate is set
The Distribution Rate is calculated in accordance with the Note Terms as 70% of the aggregate of the Bank Bill
Rate (refer 3D.6) and the Margin (refer 3D.8) (together the "Aggregate Rate"). The figure in 3D.10 represents 30%
of the Aggregate Rate (ie the current corporate tax rate) - this amount is deducted from the Aggregate Rate to
calculate the Distribution Rate under the Terms. For more information, please refer to the ANZ CN3 Prospectus
dated 5 February 2015.
3D.12 Total dividend/distribution rate for the period (pa)
3.2401 %
3D.13 Comment on how total distribution rate is set
The Distribution Rate is calculated under the Note Terms (refer to 3D.11) and is not adjusted for a Franking Rate of
less than 100%. As such, the adjusted Distribution amount contained in 2A.9 and 3A.1b cannot be directly
calculated by reference to the Distribution Rate. Refer to the Note Terms and the ANZ CN3 Prospectus dated 5
February 2015 for more details.
Part 5 - Further information

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5.1 Please provide any further information applicable to this dividend/distribution
The unfranked portion of the Distribution will be sourced from ANZ's conduit foreign income account. For more
information in relation to Distributions paid on ANZ CN3, please refer to the ANZ CN3 Prospectus dated 5 February
2015.
5.2 Additional information for inclusion in the Announcement Summary
This Distribution payment is subject to ANZ's absolute discretion and no Payment Condition existing in respect of
the Distribution Payment Date (these are standard conditions in respect of every six monthly Distribution paid on
CN3). Any Australian resident holder should ensure they have provided their Tax File Number (TFN), Australian
Business Number (ABN) or other tax exemption to ANZ's Share Registrar to ensure that ANZ is not required to
withhold tax in respect of the unfranked component of the Distribution. For more information in relation to
Distributions paid on ANZ CN3, please refer to 5.1 and the ANZ CN3 Prospectus dated 5 February 2015.