Redemption of ANZ Capital Notes 2

Australia and New Zealand Banking Group Limited ABN 11 005 357 522
ANZ Centre Melbourne, Level 9A, 833 Collins Street, Docklands VIC 3008
News Release
For release: 15 February 2022

Redemption of ANZ Capital Notes 2

In connection with the ANZ Capital Notes 7 offer launched by ANZ today (Offer), ANZ has
issued the attached Exchange Notice in respect of ANZ Capital Notes 2 (ASX: ANZPE)
(CN2). The Exchange Notice confirms that ANZ will redeem all ANZ Capital Notes 2 for their
face value of $100 each on 24 March 2022.

The last day of trading of the CN2 on the ASX will be 14 March 2022.

CN2 holders on the register on 16 March 2022 will be entitled to the face value of $100 per
CN2 and, subject to the conditions set out in the CN2 terms, will also receive a final
distribution of $1.1403 per CN2.


CN2 holders can contact Computershare for further information on 1800 113 399
(within Australia) or +61 3 9415 4010 (international).

For investor enquiries about the ANZ Capital Notes 7 Offer please visit
capitalnotes.anz.com or call the ANZ Information Line on 1800 113 399 (within
Australia) or +61 3 9415 4010 (international) (Monday to Friday – 8:30am to
5:30pm AEDT).

For media enquiries only contact:
Stephen Ries, Head of Corporate Communications +61 409 655 551


Approved for distribution by ANZ’s Continuous Disclosure Committee























NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED
STATES OF AMERICA. This announcement does not constitute financial product advice or an offer of
any securities for sale. The securities referenced will not be registered under the U.S. Securities Act of
1933, as amended (Securities Act), or the securities laws of any state or jurisdiction of the United
States and may not be offered, sold or resold, directly or indirectly, in the United States or to, or for the
account or benefit of, any U.S. person (as defined in Regulation S under the Securities Act), except
pursuant to an exemption from, or in a transaction not subject to, the Securities Act.

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF ANZ CN2
HOLDERS. IF YOU HAVE ANY QUESTIONS REGARDING THIS NOTICE, YOU SHOULD
SEEK ADVICE FROM YOUR FINANCIAL ADVISER OR OTHER PROFESSIONAL ADVISER.


Australia and New Zealand Banking Group Limited (ABN 11 005 357 522)

(“ANZ”)

Exchange Notice

given in respect of the CN2 (as defined below)

15 February 2022


A. Redemption of the CN2

ANZ issued the ANZ Capital Notes 2 on 31 March 2014 (with ASX Code “ANZPE”) (the
“CN2”) on the terms and conditions set out in Appendix A to the prospectus in relation to the CN2
dated 19 February 2014 (the “CN2 Terms”).

The CN2 Terms provide ANZ with an option to redeem the CN2 on the Optional Exchange Date
falling on 24 March 2022. ANZ hereby gives notice to each holder of CN2 that in accordance with
the CN2 Terms it has made the election to redeem all outstanding CN2 on 24 March 2022. This
is a “Redemption” for the purposes of the CN2 Terms.

This notice is an “Exchange Notice” given in respect of CN2 in accordance with clause 5.1(b)
(“Optional Exchange by ANZ”) and clause 7 (“Redemption Mechanics”) of the CN2 Terms.

B. Payment of the Face Value of CN2

The CN2 will be redeemed by payment of the Face Value of $100 for each CN2 that you hold as
at 16 March 2022.

Eligible CN2 holders who have applied to participate in the Reinvestment Offer as described in
the prospectus issued by ANZ in relation to the issue of capital notes (the “CN7”) on 15 February
2021 will have the Face Value in respect of their CN2 applied as the Application Payment for the
CN7 for which they have applied (to the extent their applications are accepted).

C. On what date will the redemption occur?

The redemption will occur on 24 March 2022 (subject to the CN2 Terms).

D. What happens in respect of the Distributions for the period to 24 March 2022?

A final distribution of $1.1403 per CN2 is scheduled to be paid by ANZ in respect of all CN2 on
24 March 2022 (subject to the payment conditions in the CN2 Terms and ANZ’s absolute
discretion) (“Final CN2 Distribution”). The record date for the Final CN2 Distribution is 7.00pm
(Australian Eastern Daylight Time) on 16 March 2022.

All holders of CN2 on the record date will be entitled to receive the Final CN2 Distribution,
including holders who participate in the Reinvestment Offer.

E. Do holders of CN2 need to do anything?

If you wish to participate in the Reinvestment Offer, you should refer to the CN7 prospectus for
details of the Reinvestment Offer.

If you do not wish to participate in the Reinvestment Offer, you do not need to do anything in
response to this notice. If you hold CN2 on 16 March 2022, ANZ will pay you $100 for each CN2
in the same way as ANZ would make any other payment to you in respect of CN2.

The last day of trading of CN2 on ASX will be 14 March 2022.

F. How will you receive payment?

If you hold CN2 on 16 March 2022 and have provided details of an Australian dollar account
(other than a credit card account) with a financial institution in Australia to ANZ’s share registry,
Computershare (the “Registry”), by 5:00pm (Australian Eastern Daylight Time) on 16 March
2022, $100 and any Distribution per CN2 will be paid by direct credit to that account on 24 March
2022. Otherwise, payment to you will be by cheque sent through the post on 24 March 2022.

If you wish to change your payment instructions for the payment of the Final CN2 Distribution then
you must provide updated instructions to the Registry by 5:00pm on 16 March 2022.

G. Who can you contact if you have questions about this?

If you are unsure about what to do in respect of your CN2, ANZ recommends that you seek
professional guidance from a licensed adviser, which takes into account your particular
investment objectives and circumstances. If you have any questions about your CN2 or this
Exchange Notice, please contact the ANZ Information Line by calling 1800 113 399 (Australia) or
+61 3 9415 4010 (International).

H. Definitions

Unless otherwise defined, capitalised terms in this notice have the meaning given to them in the
CN2 Terms.


Australia and New Zealand Banking Group Limited (ABN 11 005 357 522)