Dividend/Distribution – WBC

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Announcement Summary
Entity name
WESTPAC BANKING CORPORATION
Security on which the Distribution will be paid
WBC - ORDINARY FULLY PAID
Announcement Type
New announcement
Date of this announcement
8/5/2023
Distribution Amount
AUD 0.70000000
Ex Date
11/5/2023
Record Date
12/5/2023
Payment Date
27/6/2023
DRP election date
Monday May 15, 2023 17:00:00
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
1.5 Date of this announcement
8/5/2023
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)
31/3/2023
2A.4 +Record Date
12/5/2023
2A.5 Ex Date
11/5/2023
Ordinary
New announcement

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2A.6 Payment Date
27/6/2023
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 0.70000000
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
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:
Yes
Yes
Yes
We have a Dividend/Distribution Reinvestment Plan (DRP)
Yes
No

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CurrencyPayment currency equivalent amount per security
GBP - Pound SterlingGBP
NZD - New Zealand DollarNZD
2B.2b Please provide the exchange rates used for non-primary currency payments
GBP - Pound Sterling
NZD - New Zealand Dollar
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
31/5/2023
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 0.70000000
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 0.70000000
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
income amount per security
AUD 0.00000000
YesYes
No
No
Actual

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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 0.07 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

Excluded from NCMI

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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 May 15, 2023 17:00:00
4A.3 DRP discount rate
0.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
17/5/2023
End Date
30/5/2023
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 17 May 2023, with no discount
applied.
4A.6 DRP Price (including any discount):
AUD
4A.7 DRP +securities +issue date
27/6/2023
4A.8 Will DRP +securities be a new issue?
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
Westpac intends to arrange for the purchase of Westpac Ordinary Fully Paid Shares by a third party to satisfy the DRP for
the 2023 interim ordinary dividend.
For further information on the DRP visit
https://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-reinvestment-plan/
Yes
No
No
No
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
5.2 Additional information for inclusion in the Announcement Summary