Proclamation of Queensland legislation

ANZ Group Holdings Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 16 659 510 791
News Release
For Release: 9 July 2024

Proclamation of Queensland legislation

ANZ today welcomed the proclamation of the Queensland State Financial Institutions and
Metway Merger Amendment Act, which paves the way for the completion of ANZ’s
acquisition of Suncorp Bank on 31 July 2024.

As a result, ANZ will welcome about 3,000 employees and 1.2 million customers into the
ANZ Group on 1 August 2024.

ANZ Chief Executive Officer Shayne Elliott said: “This strategically important acquisition will
boost ANZ’s presence in Queensland, add scale to our Retail and Commercial businesses
and enable us to compete more effectively across the Australian market.

“We’re excited about the opportunities Queensland presents for ANZ and our customers –
including by tapping into the state’s growing tech sector and skilled workforce. Over a five-
year period we will hire or place 700 people into our new major tech hub in Brisbane,
bringing new career opportunities for Queenslanders.”

At completion, ANZ expects the impact of the Suncorp Bank acquisition on Level 2 CET1 to
be approximately 105 bps, an improvement of approximately 18 bps relative to the pro-
forma estimate announced at ANZ’s half year results in May.
The final capital impact of the acquisition will be subject to ANZ and Suncorp Bank’s actual
capital positions at the completion date. An update will be provided at ANZ’s full year results
in November.

Today’s proclamation sets the date for the commencement of the Queensland legislation to
amend the Metway Merger Act, to fulfil the remaining condition to facilitate the acquisition.

This follows approval of the acquisition by the Federal Treasurer on 28 June 2024 and
authorisation under Australia’s competition laws by the Australian Competition Tribunal on
20 February 2024.


For media enquiries contact:
Elizabeth Rudall
Head of Corporate Communications
Tel: +61 403 130 207

Amanda Schultz
Media and Public Relations Manager
Tel: +61 401 532 325
For analyst enquiries contact:
Jill Campbell
Group General Manager, Investor Relations
Tel: +61 412 047 448

Cameron Davis
Executive Manager, Investor Relations
Tel: +61 421 613 819


Approved for distribution by ANZ’s Continuous Disclosure Committee