Update on AMMB Holdings

Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For Release: 1 March 2021

Update on AMMB Holdings

Following AMMB Holdings Berhad’s (AmBank) agreement with the Malaysian Ministry of
Finance to resolve potential claims relating to its involvement with 1MDB, ANZ provided the
following update on the impact on its equity accounted investment in AmBank
1
:

 The impact on ANZ’s CET1 capital position will be neutral given its investments in
associates are already a full deduction to capital.
 The financial impact on ANZ (A$212m
2
) will be recorded as part of the equity
accounted earnings from AmBank at 1H21.
 This will reduce the carrying value of ANZ’s interest in AmBank from ~$1.050bn to
~$850m.

For media enquiries contact:

Stephen Ries, +61 409 655 551



Approved for distribution by ANZ’s Continuous Disclosure Committee


1 ANZ acquired its original stake in AMMB Holdings Berhad in May 2007 and currently holds a 24% ownership interest
2 The $212m is not impacted by taxation