ANZ completes sale of OnePath P&I to IOOF

Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For Release: 3 February 2020

ANZ completes sale of OnePath P&I to IOOF

ANZ today announced it had successfully completed the sale of its OnePath Pensions &
Investments (OnePath P&I) business to IOOF Holdings Limited (IOOF).

The final sale price of $850 million
[1]
included ~$25 million that ANZ had already received
for the sale of its Aligned Dealer Groups in October 2018.

ANZ estimates proceeds from the transaction will increase its CET1 capital ratio by ~20
basis points. This business has been reported within ANZ’s financial results as part of
Discontinued Operations since 1H18.

This successful transaction also completes ANZ’s multi-year strategy to simplify its Wealth
business which began in 2016.


For media enquiries contact:

Nick Higginbottom; +61 403 936 262
For analyst enquiries contact:

Jill Campbell; +61 3 8654 7749

Approved for distribution by ANZ’s Continuous Disclosure Committee

[1]
Subject to completion adjustments