Westpac VIEWs over securities in S32

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

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

13 March 2020

Mr Martin Dinh
Warrant Administration
Australian Securities Exchange
Level 6, 20 Bridge St
Sydney NSW 2000

Dear Mr Dinh

Re: Westpac Vanilla Instalment Equity Warrants over securities in
South32 Limited (S32) - Dividend adjustment announcement

Westpac Banking Corporation, as issuer of Westpac Vanilla Instalment Equity Warrants (“Westpac
VIEWs”) over the following Underlying Securities, notifies of an amendment to the dividend previously
announced in respect of those Underlying Securities:

Underlying Securities
South32 Limited (S32)
Dividend/distribution type
Adjusted Interim dividend ($0.0167) +
Adjusted Special dividend ($0.0168)
Amount
$0.0335 per security
Franking percentage
100%
Ex-distribution Date
05 March 2020
Record Date
06 March 2020
Payment Date
On or about 02 April 2020

As a result of S32 confirming their dividend in Australian dollars, having fixed the AUD/USD exchange
rate for that dividend, the previously announced dividend amount on the series of Westpac VIEWs
noted below is also amended from $0.0327 per security to $0.0335 per security.

As detailed in the Westpac VIEWs Product Disclosure Statement (“PDS”), Special Dividends are
applied to reduce the Completion Payment of the Westpac VIEWs.

ASX Code
Previous
Completion
Payment
Special Dividend
Adjustment
Interest Refund
amount applied to
reduce Completion
Payment
New
Completion
Payment
S32IWM $3.2833 $0.0004 $0.0000 $3.2829

For further information please contact Westpac Structured Investments on 1800 990 107.

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

This document has been authorised for release by Tim Hartin, Company Secretary