Westpac completes $2 billion institutional placement

NOT FOR DISTRIBUTION IN THE UNITED STATES
ASX ANNOUNCEMENT

5 November 2019

WESTPAC SUCCESSFULLY COMPLETES $2 BILLION INSTITUTIONAL PLACEMENT
On 4 November 2019, Westpac Banking Corporation (“Westpac”) launched a capital raising, which
included a fully underwritten $2 billion institutional share placement (“Placement”).
The Placement has now been successfully completed.
Approximately 79 million new fully paid ordinary shares in Westpac at the price of $25.32 per share
(“New Shares”) will be issued under the Placement. All New Shares were allocated to sophisticated
and institutional investors in the Placement bookbuild.
The trading halt is expected to be lifted prior to the market opening today.
New Shares under the Placement are expected to settle on 7 November 2019, with New Shares to be
issued, and commence trading on the ASX on the following business day, 8 November 2019. The
New Shares issued under the Placement will not be entitled to receive the 2019 final dividend of 80
cents per share. New Shares under the Placement will trade under a separate ASX code “WBCNB”
up to and including 11 November 2019, being the day prior to the ex-dividend date for the 2019 final
dividend. New Shares will then trade under the code “WBC” from 12 November 2019.
As announced to the market on 4 November 2019, Westpac will also undertake a share purchase
plan (“SPP”). An SPP booklet with further details on the SPP is expected to be sent to Eligible
Shareholders
1
in accordance with their communications election on or around 12 November 2019.
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
This announcement is not financial product advice and has not taken into account your objectives,
financial situation or needs. This announcement does not constitute an offer to sell, or the solicitation
of an offer to buy, any securities in the United States or to persons acting for the account or benefit of
persons in the United States. The New Shares and shares to be issued under the SPP have not
been, nor will be, registered under the U.S. Securities Act of 1933 (the "Securities Act"), or the
securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares
offered and sold in the Placement may not be offered or sold, directly or indirectly, to persons in the
United States except pursuant to an exemption from, or in a transaction not subject to the registration
requirements of the Securities Act and applicable U.S. state securities laws. The shares to be offered
and sold in the SPP may not be offered and sold, directly or indirectly, to any person in the United
States or any person acting for the account or benefit of a person in the United States.


For further information

David Lording
Media Relations
M. 0419 683 411



Andrew Bowden
Investor Relations
T. 02 8253 4008
M. 0438 284 863


1
A registered holder of shares at the record date (7.00pm (Sydney time) on 1 November 2019), and shown on the register to
have an address in Australia or New Zealand.