Dividend/Distribution - WBCPH

Appendix 3A.1 - Notification of dividend / distribution
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Announcement Summary
Entity name
WESTPAC BANKING CORPORATION
Security on which the Distribution will be paid
WBCPH - CAP NOTE 3-BBSW+3.20% PERP NON-CUM RED T-09-25
Announcement Type
New announcement
Date of this announcement
30/12/2024
Distribution Amount
AUD 1.32060000
Ex Date
13/3/2025
Record Date
14/3/2025
Payment Date
24/3/2025
Additional Information
The Distribution Rate for Westpac Capital Notes 5 (WCN 5) for the Distribution Period from 23 December 2024 to 22
March 2025 (inclusive) is 5.3559% per annum. This is calculated in accordance with the WCN 5 terms as follows:
3 month BBSW Rate on 23/12/2024: 4.4513% pa
+ Margin: 3.2000% pa
= 7.6513% pa
x (1 - Tax Rate): 0.70
= Distribution Rate: 5.3559% pa
The cash amount of the Distribution on each WCN 5 of AUD 1.3206, fully franked was calculated as follows:
Distribution Rate: 5.3559% pa
x Face Value: AUD 100
x days in Distribution Period: 90/ 365
= cash amount of Distribution: AUD 1.3206 fully franked
For more information refer to the WCN 5 Prospectus:
https://www.westpac.com.au/westpaccapnotes5
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
30/12/2024
1.6 ASX +Security Code
WBCPH
ASX +Security Description
CAP NOTE 3-BBSW+3.20% PERP NON-CUM RED T-09-25
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
2A.2 The Dividend/distribution:
relates to a period of one quarter
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
22/3/2025
2A.4 +Record Date
14/3/2025
2A.5 Ex Date
13/3/2025
2A.6 Payment Date
24/3/2025
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
Ordinary
New announcement

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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 1.32060000
Estimated or Actual?
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.12 Does the +entity have tax component information
apart from franking?
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 1.32060000
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 1.32060000
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
We do not have a securities plan for dividends/distributions
on this security
No
Actual
No

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3A.7 Ordinary dividend/distribution conduit foreign
income amount per security
AUD 0.00000000
Part 3D - Preference +security distribution rate details
3D.1 Start date of payment period
23/12/2024
3D.2 End date of payment period
22/3/2025
3D.3 Date dividend/distribution rate is set (optional)
23/12/2024
3D.4 Describe how the date that dividend/distribution rate is set is determined
First Business Day of the Distribution Period
3D.5 Number of days in the dividend/distribution period
90
3D.6 Dividend/distribution base rate (pa)
4.4513 %
3D.7 Comments on how dividend/distribution base rate is set
3 month BBSW Rate on the first Business Day of the Distribution Period. For more information, refer to the Westpac
Capital Notes 5 (WCN 5) Prospectus.
3D.8 Dividend/distribution margin
3.2000 %
3D.9 Comments on how dividend/distribution margin is set
Margin set at the time of issue of WCN 5 and will not change. For more information, refer to the WCN 5 Prospectus.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-2.2954 %
3D.11 Comments on how other rate used in calculating dividend/distribution rate is set
Other rate = A - B
where
A = (3 month BBSW Rate + Margin) x (1 - Tax Rate)
B = 3 month BBSW Rate + Margin
Tax Rate (expressed as a decimal) means the Australian corporate tax rate applicable to the franking account of Westpac
as at the relevant Distribution Payment Date (30%). For more information, refer to the WCN 5 Prospectus.
3D.12 Total dividend/distribution rate for the period (pa)
5.3559 %
3D.13 Comment on how total distribution rate is set
Distribution Rate = (3 month BBSW Rate + Margin) x (1 - Tax Rate)

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Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
Capitalised terms in this announcement have the meanings given in the WCN 5 Prospectus, which is available at
https://www.westpac.com.au/westpaccapnotes5
This Distribution payment is subject to Westpac's absolute discretion and the Distribution payment conditions being
satisfied in respect of the Distribution Payment Date.
As 22/03/2025 is not a Business Day, the Distribution payment will be made on the next Business Day, 24/03/2025.
5.2 Additional information for inclusion in the Announcement Summary
The Distribution Rate for Westpac Capital Notes 5 (WCN 5) for the Distribution Period from 23 December 2024 to 22
March 2025 (inclusive) is 5.3559% per annum. This is calculated in accordance with the WCN 5 terms as follows:
3 month BBSW Rate on 23/12/2024: 4.4513% pa
+ Margin: 3.2000% pa
= 7.6513% pa
x (1 - Tax Rate): 0.70
= Distribution Rate: 5.3559% pa
The cash amount of the Distribution on each WCN 5 of AUD 1.3206, fully franked was calculated as follows:
Distribution Rate: 5.3559% pa
x Face Value: AUD 100
x days in Distribution Period: 90/ 365
= cash amount of Distribution: AUD 1.3206 fully franked
For more information refer to the WCN 5 Prospectus:
https://www.westpac.com.au/westpaccapnotes5