Successful Completion of Westpac Capital Notes 7 Bookbuild

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ASX Release


11 NOVEMBER 2020
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Successful Completion of Westpac Capital Notes 7 Bookbuild

Westpac Banking Corporation (Westpac) has successfully completed the Bookbuild for the
offer of Westpac Capital Notes 7 (Notes) (Offer) today.
As a result of the Bookbuild:
• the Margin has been set at 3.40% per annum; and
• the Offer size has been increased to approximately A$1.4 billion, with the ability to
raise more or less.

The final Offer size will be determined following the close of the Reinvestment Offer and
Securityholder Offer. Westpac reserves the right to Allocate Notes and scale back
Applications if necessary, as outlined in the Prospectus.

The replacement Prospectus, which includes the Margin and the revised Offer size, is
expected to be lodged with ASIC on 13 November 2020, and will be available via the
Westpac Capital Notes 7 Offer website at www.westpac.com.au/westpaccapnotes7.
Investors should read the Prospectus in full before deciding whether to apply for Notes and
consider the risks that could affect an investment in the Notes.

The Reinvestment Offer and Securityholder Offer will open on 13 November 2020.
All Eligible Westpac Capital Notes 3 Holders and Eligible Securityholders can view the
Prospectus and apply online by following the Application instructions on the Offer website
after the Reinvestment Offer and the Securityholder Offer open on 13 November 2020.
The Closing Date for the Reinvestment Offer and Securityholder Offer is expected to be
5.00pm (Sydney time) on 30 November 2020.

For more information on the Offer and how to apply:

• Visit the Offer website at www.westpac.com.au/westpaccapnotes7.
• Call the Westpac Capital Notes 7 Information Line (Monday to Friday,
8.30am to 5.30pm, Sydney time) on 1300 668 378 (within Australia) and
+61 1300 668 378 (from outside Australia).
• Seek professional advice from a financial adviser or other professional
adviser.

Level 18, 275 Kent Street
Sydney, NSW, 2000

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CAUTION – Westpac Capital Notes 7 are not deposit liabilities of Westpac, are riskier
than bank deposits and may not be suitable for some investors. Their complexity may
make them difficult to understand and the risks associated with the Notes could result
in the loss of all of your investment. If you do not fully understand how they work or
the risks associated with them, you should obtain professional advice.

Unless otherwise defined, capitalised words and expressions used in this announcement
have the meanings given to them in the Prospectus.


For further information:

David Lording Andrew Bowden
Group Head of Media Relations Head of Investor Relations
0419 683 411 0438 284 863


This document has been authorised for release by Tim Hartin, General Manager & Company
Secretary.

Disclaimer

The information provided in this announcement is not financial product advice (nor tax,
accounting or legal advice) and has been prepared without taking into account individual
investment objectives, financial situations or particular needs (including financial and taxation
issues).

This announcement does not constitute an offer in any place in which, or to any person to
whom, it would not be lawful to make such an offer. In particular, this announcement does
not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United
States or to, or for the account or benefit of, any U.S. person (as defined in Regulation S
under the U.S. Securities Act of 1933 (U.S. Securities Act)) (U.S. Person). Westpac Capital
Notes 7 have not been, and will not be, registered under the U.S. Securities Act or the
securities laws of any state or other jurisdiction of the United States and may not be offered,
sold, delivered or transferred in the United States or to, or for the account or benefit of, any
U.S. Person.