DIVIDEND: ANZ: September 2010 CPS1 Dividend Rate

16 Jun 2010 11:06 am

ANZ 16/06/2010 DIVIDEND

REL: 1105 HRS Australia and New Zealand Banking Group Limited

DIVIDEND: ANZ: September 2010 CPS1 Dividend Rate

16 June 2010

Company Announcements Australian Securities Exchange Level 4 20 Bridge Street Sydney NSW 2000

CPS1 - September 2008 Convertible Preference Shares ASX Code: ANZPB September 2010 CPS1 Dividend

On 30 September 2008 ANZ issued convertible preference shares (CPS1) which were offered pursuant to a prospectus dated 4 September 2008 (Prospectus).

The CPS1 Dividend Rate for the Dividend Period ending on (but not including) the 15 September 2010 Dividend Payment Date is 5.1858% per annum.

This Dividend Rate represents the 90 day Bank Bill Rate on 15 June 2010 (being the first Business Day of the Dividend Period) of 4.9083% plus the Margin of 2.50% per annum, together multiplied by (1 - the 30% Tax Rate).

This Dividend Rate equates to a fully franked Dividend amount of $1.3071 in respect of each CPS1 which, subject to Directors resolving to pay the relevant Dividend on a fully franked basis, and no APRA Condition existing in respect of the relevant Dividend Payment Date, is expected to be paid on 15 September 2010 (the September 2010 CPS1 Dividend).

In accordance with the terms and conditions set out in the Prospectus, the Record Date for determining CPS Holder entitlements in respect of the September 2010 CPS1 Dividend is 31 August 2010, being 11 Business Days before the relevant Dividend Payment Date.

Capitalised terms in this announcement have the same meaning given to them in the Prospectus.

Yours faithfully

John Priestley Company Secretary Australia and New Zealand Banking Group Limited End CA:00196166 For:ANZ Type:DIVIDEND Time:2010-06-16:11:06:01

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