ANZ issues ANZ Capital Notes 9 & redeems ANZ Cap Notes 4

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: 20 March 2024

ANZ issues ANZ Capital Notes 9
and redeems ANZ Capital Notes 4


Australia and New Zealand Banking Group Limited (ANZBGL) today announced that it has:

• issued 17 million ANZ Capital Notes 9 (ASX: AN3PL) (Notes) at $100 each, raising
$1.7 billion of Additional Tier 1 Capital; and

• redeemed all 16.22 million ANZ Capital Notes 4 (ASX: AN3PG) for their face value of
$100 each in accordance with the exchange notice issued on 14 February 2024.
Approximately $905 million of the proceeds from the redemption of ANZ Capital
Notes 4 were reinvested in the Notes under the Reinvestment Offer.

Allocation Policy
Allocations to Syndicate Brokers and Institutional Investors under the Offer were determined
under the Bookbuild. Allocations to individual applicants by each Syndicate Broker were at
the discretion of the Syndicate Broker.
Applicants under the Offer should confirm their allocation of Notes with their Syndicate
Broker.
ASX Trading
The Notes are expected to commence trading on the ASX on a normal settlement basis on
21 March 2024 under the ASX code “AN3PL”.
All applicants are responsible for confirming the number of Notes allocated to them prior to
selling any Notes. Applicants who sell Notes before receiving confirmation of their allocation
do so at their own risk.
ANZBGL expects confirmation statements for CHESS holders will be dispatched to successful
applicants by 26 March 2024.
Distribution Rate

The Distribution Rate for the first Distribution Period from (and including) the Issue Date of
20 March 2024 to (but excluding) the first Distribution Payment Date (which is expected to
be 20 June 2024) is 5.0757%. The Distribution Rate is calculated as follows:

3 month BBSW Rate on 20 March 2024
(first Business Day of the Distribution Period)
4.3510%
Plus Margin 2.9000%
Equals 7.2510%
Multiplied by (1 – the 30% Tax Rate) 0.7
Distribution Rate 5.0757%

First Distribution Payment

As the current Franking Rate is 56%, the cash amount of the Distribution is increased to
compensate for the unfranked component. This results in a cash Distribution amount per
Note for the first quarterly Distribution Period of $1.4740, franked at 56%. The Distribution
was calculated as follows in accordance with the Note Terms:

Distribution Rate 5.0757%
Multiplied by the Face Value x $100.00
Multiplied by the number of days in the
Distribution Period
x 92
Divided by 365 ÷ 365
Sub total $1.2794
Divided by 1 – (Tax Rate x (1 – Franking
Rate))
1

÷ 0.868
Partially-franked cash Distribution
payment per Note for the first
Distribution Period
$1.4740

Refer to a separate ASX Announcement lodged today by ANZBGL for more details of the
calculation of the Distribution.

The Distribution is subject to ANZBGL’s absolute discretion and no Payment Condition
existing in respect of the Distribution Payment Date. It is expected to be paid on 20 June
2024.

Other relevant details for the Distribution are set out below:

Distribution Payment Date 20 June 2024
Record Date 7 June 2024
Number of days in the Distribution Period 92

Following the first Distribution Period, the Distribution Rate for the Notes will be reset
quarterly and announced on ASX.

Maximum Conversion Number

The Issue Date VWAP has been calculated as $28.78. Accordingly, the Maximum Conversion
Number has been set initially at:

• in the case of a Conversion occurring on a Mandatory Conversion Date, 6.9493 ANZGHL
Ordinary Shares per Note; and
• in the case of a Conversion occurring at any other time, 17.3732 ANZGHL Ordinary
Shares per Note.

For details about the calculation of these numbers and how they affect the Notes, see the
ANZ Capital Notes 9 Prospectus dated 22 February 2024 (Prospectus) which is available
online from the ANZ Shareholder Centre at www.anz.com/shareholder/centre/your-
shareholding/alternative-securities/anz-capital-notes/ .



1
The Tax Rate is currently 30% and the Franking Rate applicable to the first Distribution is assumed to be 56%. If
the actual Franking Rate on the Distribution Payment Date is different, then the Distribution will be adjusted in
accordance with clause 3.2 of the Note Terms. ANZBGL will announce on ASX if there is a change in the applicable
Franking Rate.

Holders of ANZ Capital Notes 9

The twenty largest holders of Notes are detailed in Attachment A to this announcement.

The distribution schedule of the Notes is set out in Attachment B to this announcement.

ANZ Capital Notes 9 Class Ruling

The Australian Taxation Office (ATO) has advised that it expects to release a Class Ruling in
respect of the Notes on or around 3 April 2024. The Class Ruling is expected to be
consistent with the Taxation Summary contained in Section 7 of the Prospectus.

Once it is published, a copy of the Class Ruling will be available from the ANZ Shareholder
Centre at www.anz.com/shareholder/centre/your-shareholding/alternative-securities/anz-
capital-notes/ and from the ATO website at www.ato.gov.au (by searching in the ATO’s
Legal Database).

Unless otherwise defined, capitalised terms in this announcement have the meaning given to
them in the Prospectus.


For investor enquiries about the ANZ Capital Notes 9 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 Melbourne time).

For media enquiries only contact:
Lachlan McNaughton, Head of Media Relations +61 457 494 414

Approved for distribution by ANZ Group’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.

Attachment A– 20 Largest Holders of ANZ Capital Notes 9

Rank Investor Number of Notes % of Notes
2

1. CITICORP NOMINEES PTY LIMITED 1,917,069 11.28
2. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 1,135,346 6.68
3. BNPP NOMS PTY LTD HUB24 CUSTODIAL SERV LTD 409,905 2.41
4. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2 404,988 2.38
5.
NETWEALTH INVESTMENTS LIMITED <WRAP SERVICES
A/C>
349,746 2.06
6. J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 295,253 1.74
7. NATIONAL NOMINEES LIMITED 141,698 0.83
8. BNP PARIBAS NOMINEES PTY LTD <PITCHER PARTNERS> 134,286 0.79
9. MUTUAL TRUST PTY LTD 116,396 0.68
10. PAMDALE INVESTMENTS PTY LTD 97,488 0.57
11. MARROSAN INVESTMENTS PTY LTD 75,000 0.44
12. VALTELLINA PROPERTIES PTY LTD 59,000 0.35
13.
NETWEALTH INVESTMENTS LIMITED <SUPER SERVICES
A/C>
54,022 0.32
14. REALEE PTY LTD <REALEE A/C> 53,518 0.31
15. BNP PARIBAS NOMS PTY LTD 50,413 0.30
16. JMB PTY LTD 50,300 0.30
17. RETFORD PTY LTD 50,300 0.30
18. TANDOM PTY LTD 45,000 0.26
19. TROXFIELD PTY LTD <ROSEBERY SUPER FUND A/C> 41,000 0.24
20. MR JOHN WILLIAM CUNNINGHAM 39,840 0.23
Total 5,520,568 32.47
Total for other investors 11,479,432 67.53
Grand Total 17,000,000 100.00%

Attachment B- Distribution schedule of the ANZ Capital Notes 9

Range Total Holders Units % of Notes
2

1 - 1,000 13,848 4,936,542 29.04
1,001 - 5,000 2,032 4,275,321 25.15
5,001 - 10,000 151 1,078,002 6.34
10,001 - 100,000 81 1,805,448 10.62
100,001 and over 9 4,904,687 28.85
Total 16,121 17,000,000 100.00%


2
Any discrepancy in the sum of percentages is due to rounding