Dividend/Distribution - WBCPM

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
WBCPM - CAP NOTE 3-BBSW+3.10% PERP NON-CUM RED T-09-31
Announcement Type
New announcement
Date of this announcement
25/9/2025
Distribution Amount
AUD 1.16160000
Ex Date
11/12/2025
Record Date
12/12/2025
Payment Date
22/12/2025
Additional Information
The Distribution Rate for Westpac Capital Notes 10 (WCN 10) for the Distribution Period from 23 September 2025 to 22
December 2025 (inclusive) is 4.6592% per annum. This is calculated in accordance with the WCN 10 terms as follows:
3 month BBSW Rate on 23/09/2025: 3.5560% pa
+ Margin: 3.1000% pa
= 6.6560% pa
x (1 - Tax Rate): 0.70
= Distribution Rate: 4.6592% pa
The cash amount of the Distribution on each WCN 10 of AUD 1.1616, fully franked was calculated as follows:
Distribution Rate: 4.6592% pa
x Face Value: AUD 100
x days in Distribution Period: 91/365
= cash amount of Distribution: AUD 1.1616 fully franked
For more information refer to the WCN 10 Prospectus:
https://www.westpac.com.au/westpaccapnotes10
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
25/9/2025
1.6 ASX +Security Code
WBCPM
ASX +Security Description
CAP NOTE 3-BBSW+3.10% PERP NON-CUM RED T-09-31
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)
22/12/2025
2A.4 +Record Date
12/12/2025
2A.5 Ex Date
11/12/2025
2A.6 Payment Date
22/12/2025
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 1.16160000
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 1.16160000
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 1.16160000
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
23/9/2025
3D.2 End date of payment period
22/12/2025
3D.3 Date dividend/distribution rate is set (optional)
23/9/2025
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
91
3D.6 Dividend/distribution base rate (pa)
3.5560 %
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 WCN 10
Prospectus.
3D.8 Dividend/distribution margin
3.1000 %
3D.9 Comments on how dividend/distribution margin is set
Margin set at the time of issue of WCN 10 and will not change. For more information, refer to the WCN 10 Prospectus.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-1.9968 %
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 10 Prospectus.
3D.12 Total dividend/distribution rate for the period (pa)
4.6592 %
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 10 Prospectus, which is available at
https://www.westpac.com.au/westpaccapnotes10
This Distribution payment is subject to Westpac's absolute discretion and the Distribution payment conditions being
satisfied in respect of the Distribution Payment Date.
5.2 Additional information for inclusion in the Announcement Summary
The Distribution Rate for Westpac Capital Notes 10 (WCN 10) for the Distribution Period from 23 September 2025 to 22
December 2025 (inclusive) is 4.6592% per annum. This is calculated in accordance with the WCN 10 terms as follows:
3 month BBSW Rate on 23/09/2025: 3.5560% pa
+ Margin: 3.1000% pa
= 6.6560% pa
x (1 - Tax Rate): 0.70
= Distribution Rate: 4.6592% pa
The cash amount of the Distribution on each WCN 10 of AUD 1.1616, fully franked was calculated as follows:
Distribution Rate: 4.6592% pa
x Face Value: AUD 100
x days in Distribution Period: 91/365
= cash amount of Distribution: AUD 1.1616 fully franked
For more information refer to the WCN 10 Prospectus:
https://www.westpac.com.au/westpaccapnotes10