Westpac Self-Funding Instalments over securities in IPL

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

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

27 November 2019


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 Incitec Pivot Limited (IPL) - Dividend
announcement

Westpac Banking Corporation, as issuer of Westpac Self-Funding Instalments (“Westpac SFIs”) over
the following Underlying Securities, notifies of a dividend in respect of the Underlying Securities:

Underlying Securities
Incitec Pivot Limited (IPL)
Dividend/distribution type
Final dividend
Amount
$0.0340 per security
Franking percentage
30%
Ex-dividend date
29 November 2019
Record Date
02 December 2019
Payment Date
On or about 08 January 2020

As detailed in the Westpac SFIs Product Disclosure Statement (“PDS”), Holders direct that dividends
be applied to reduce the Completion Payment of the Westpac SFIs. The new Completion Payment will
become effective from the ex-dividend date. The following series of Westpac SFIs will commence
trading ex-dividend on the same date as the Underlying Securities are ex-dividend.

ASX Code
Previous
Completion
Payment
Dividend/distribution
amount applied to
reduce Completion
Payment
New
Completion
Payment
IPLSWB $1.6464 $0.0340 $1.6124
IPLSWR $2.3156 $0.0340 $2.2816

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

Capitalised terms not otherwise defined in this announcement have the same meaning as given in the
PDS.

For and on behalf of Westpac Banking Corporation