Update – Dividend/Distribution – WBC

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Update Summary
Entity name
WESTPAC BANKING CORPORATION
Security on which the Distribution will be paid
WBC - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
7/12/2022
Reason for the Update
Provide details of Dividend Reinvestment Plan (DRP) price, DRP participation rate and foreign currency payment details
Refer to below for full details of the announcement

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Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
WESTPAC BANKING CORPORATION
1.2 Registered Number Type
ABN
Registration Number
33007457141
1.3 ASX issuer code
WBC
1.4 The announcement is
1.4a Reason for update to a previous announcement
Provide details of Dividend Reinvestment Plan (DRP) price, DRP participation rate and foreign currency payment details
1.4b Date of previous announcement(s) to this update
7/11/2022
1.5 Date of this announcement
7/12/2022
1.6 ASX +Security Code
WBC
ASX +Security Description
ORDINARY FULLY PAID
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
30/9/2022
2A.4 +Record Date
Ordinary
Update/amendment to previous announcement

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2A.4 +Record Date
18/11/2022
2A.5 Ex Date
17/11/2022
2A.6 Payment Date
20/12/2022
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the
dividend/distribution.
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
AUD 0.64000000
2A.10 Does the entity have arrangements relating to the
currency in which the dividend/distribution is paid to
securityholders that it wishes to disclose to the market?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.11a If the +entity has a DRP, is the DRP applicable to
this dividend/distribution?
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.12 Does the +entity have tax component information
apart from franking?
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the
banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand
and/or USD to residents of the U.S.A.).
2B.2 Please provide a description of your currency arrangements
Yes
Yes
Yes
We have a Dividend/Distribution Reinvestment Plan (DRP)
Yes
No

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2B.2 Please provide a description of your currency arrangements
Details of dividend payment options for Westpac Ordinary Fully Paid Shares are available in Westpac's Investor Centre at
. https://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-payment/
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
GBP - Pound SterlingGBP 0.35603200
NZD - New Zealand DollarNZD 0.69068800
2B.2b Please provide the exchange rates used for non-primary currency payments
GBP - Pound Sterling 0.5563
NZD - New Zealand Dollar 1.0792
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
7/12/2022
Estimated or Actual?
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the
default arrangements?
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
AUD
3A.1b Ordinary Dividend/distribution amount per
security
AUD 0.64000000
3A.2 Is the ordinary dividend/distribution franked?3A.2a Is the ordinary dividend/distribution fully franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
100.0000 %
3A.3a Applicable corporate tax rate for franking credit
(%)
30.0000 %
3A.4 Ordinary dividend/distribution franked amount per
+security
AUD 0.64000000
3A.5 Percentage amount of dividend which is unfranked
0.0000 %
3A.6 Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign
YesYes
No
No
Actual

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3A.7 Ordinary dividend/distribution conduit foreign
income amount per security
AUD 0.00000000
Part 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).
A New Zealand imputation credit of NZD 0.08 per Westpac Ordinary Fully Paid Share will attach to the dividend.
3E.2 Please indicate the following information if applicable. (Refer Annual Investment Income Report specification for
further information)
Field NameAIIR Specification ReferenceValueEstimated/Actual
Interest9.79

Unfranked dividends not
declared to be conduit foreign
income

9.80

Unfranked dividends declared
to be conduit foreign income
9.81

Assessable foreign source
income
9.91

Tax-free amounts9.96

Tax-deferred amounts9.97

Managed investment trust
fund payments
9.105

Franked distributions from
trusts
9.120

Gross cash distribution9.121

Interest exempt from
withholding
9.122

Capital Gains discount
method Non-Taxable
Australian property
9.124

Capital gains other
Non-Taxable Australian
property
9.126


Other income9.130

Royalties9.135

NCMI

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Excluded from NCMI

Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
4A.2 Last date and time for lodgement of election
notices to share registry under DRP
Monday November 21, 2022 17:00:00
4A.3 DRP discount rate
0.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
23/11/2022
End Date
6/12/2022
4A.5 DRP price calculation methodology
The average of the daily volume weighted average market price per Westpac Ordinary Fully Paid Share sold on the ASX
and Cboe Australia (formerly Chi-X Australia) during the 10 trading days commencing 23 November 2022, with no
discount applied.
4A.6 DRP Price (including any discount):
AUD 23.86000
4A.7 DRP +securities +issue date
20/12/2022
4A.8 Will DRP +securities be a new issue?4A.8a Do DRP +securities rank pari passu from +issue
date?
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
4A.11 Are there any other conditions applying to DRP participation?
4A.11a Conditions for DRP participation
Participation in the DRP is restricted to shareholders who are resident in, and whose address on the register of
shareholders is in, Australia or New Zealand.
4A.12 Link to a copy of the DRP plan rules
https://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-reinvestment-plan/
4A.13 Further information about the DRP
https://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-reinvestment-plan/
Yes
No
No
Yes
Yes
Do not participate in DRP (i.e. cash payment)

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Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
Participation in the DRP for the 2022 final ordinary dividend is expected to be 8.5% of Westpac Ordinary Fully Paid
Shares on issue.
5.2 Additional information for inclusion in the Announcement Summary