Westpac Self-Funding Instalments over securities in TAH

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

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

24 May 2022


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


Dear Mr Dinh,

Re: Westpac Self-Funding Instalments over securities in Tabcorp Holdings Limited (“TAH”) –
Demerger of The Lottery Corporation Limited

Westpac Banking Corporation (“Westpac”) as issuer of the following series of Westpac Self-Funding
Instalments (“Westpac SFIs”) over securities in TAH, notifies of an adjustment to the Completion
Payment in respect of those Westpac SFIs:

TAHSWB

On 12 May 2022 TAH announced that TAH shareholders approved the demerger of The Lottery
Corporation Limited (“TLC”) from Tabcorp (“Demerger”) under which eligible shareholders will be
entitled to receive one TLC share for each TAH share held on the record date of Wednesday 25 May
2022 (7:00pm Sydney time).

Under the Terms of Issue of the above Westpac SFIs, Westpac has sold the TLC shares at an
average price of $4.6100 per share and applied the proceeds to reduce the Completion Payment per
Westpac SFI.

The new Completion Payment is effective from the date of this notice.

ASX Code
Previous
Completion
Payment
Proceeds of sale of TLC
shares applied to reduce
Completion Payment
New Completion
Payment
TAHSWB $1.8687 $4.6100 $0.0000

Accelerated Completion Date for TAHSWB

Following the reduction of the Completion Payment for TAHSWB to $0.0000 and pursuant to clause
12.1(a)(iv) of the Terms of Issue, Westpac has determined to fix an Accelerated Completion Date for
the relevant Westpac SFIs of 10 June 2022.

ASX Code
Previous
Completion
Payment
Proceeds of sale of
TLC shares applied
to reduce
Completion Payment
New
Completion
Payment
Interest
refund
amount
Surplus cash
amount per
Westpac SFI
TAHSWB $1.8687 $4.6100 $0.0000 $0.0000 $2.7413

TAHSWB will remain suspended from trading on the ASX until the Accelerated Completion Date and
subsequently delisted after the close of trading on 10 June 2022.

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.