ANZ capital management update

Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
News Release
For release: 19 July 2021

ANZ capital management update

ANZ today announced it intends to buy-back up to $1.5 billion of shares on-market as part
of its capital management plan.

ANZ Chairman Paul O’Sullivan said: “Despite the very real challenges being experienced by
many of our customers, we have the financial strength to continue to support our
customers, while also returning surplus capital to shareholders. After reviewing options, we
consider an on-market buy-back to be the most prudent, fairest and flexible method to
return capital in the current environment.

“Our capital position may allow future capital returns to be considered, however we will
continue to focus on balanced and prudent outcomes for all stakeholders,” Mr O’Sullivan
said.

ANZ Chief Executive Officer Shayn e Elliott said: “After taking into consideration the ongoing
pressures in some parts of the economy due to COVID, including the current lockdowns in
parts of the country, the strength of our balance sheet and ongoing financial performance
means we are in a position to return a modest amount of surplus capital to shareholders
through a buy-back of shares on-market.

“Just as we supported our customers through previous lockdowns we stand ready and able
to provide assistance to those that need it. The strength of our business means we are well
placed to fulfil needs of our customers and the broader community while still actively
managing our capital,” Mr Elliott said.

Capital impact

ANZ’s reported Level 2 and Level 1 Common Equity Tier 1 capital (CET1) ratios as at 31
March 2021 were 12.4% and 12.2% respectively, well in excess of APRA’s stated
unquestionably strong capital requirement of 10.5%.

The on -market buy-back is expected to reduce ANZ’s March 2021 CETI ratio by
approximately 35 basis points.

A purchase of shares is likely to begin in August 2021.

Retail shareholders can contact Computershare for further information on 1800 11
33 99 or +613 9415 4010.

For media enquiries contact:

Stephen Ries
Head of Corporate Communications
Tel: +61 409 655 551

For analyst enquiries contact:

Cameron Davis
Executive Manager Investor Relations
Tel: +61 421 613 819
Approved for distribution by a committee of the ANZ Board