GENERAL: WBC: Westpac Self-Funding Instalments over securities in AMP

22 Feb 2010 5:10 pm

WBC 22/02/2010 GENERAL

REL: 1710 HRS Westpac Banking Corporation

GENERAL: WBC: Westpac Self-Funding Instalments over securities in AMP

Westpac Banking Corporation ABN 33 007 457 141 Structured Equity Investments Level 5, 275 Kent Street Telephone: 61 2 8204 2727 Facsimile: 61 2 8254 0795

www.westpac.com.au/structuredinvestments

22 February 2010

Mr Neil Walsh Warrant Administration Australian Securities Exchange Level 6, 20 Bridge St Sydney NSW 2000

Dear Mr Walsh,

Re: Westpac Self-Funding Instalments over securities in AMP Limited (AMP)

Westpac Banking Corporation, as issuer of Self-Funding Instalments ("SFI") over the following securities, notifies of a distribution/entitlement in respect of those securities:

Distribution/Entitlement of Security Securities AMP Limited (AMP) Distribution/Entitlement Ordinary dividend Amount $0.16 Franking percentage 50% Ex-distribution/Entitlement Date 23 February 2010 Record Date 1 March 2010 Payment Date 14 April 2010

As detailed in the applicable Product Disclosure Statement/s, Instalment holders direct that distributions be applied to reduce the Completion Payment of the SFI. In addition, any refund of prepaid interest that follows from this reduction will also be applied to reduce the Completion Payment. The new Completion Payment/s will become effective from the ex-distribution date. The following SFI will commence trading ex-distribution on the same date as the underlying securities are ex-distribution.

Resulting Change in Completion Payment for Self Funding Instalments ASX Code Previous Completion Payment Distribution applied to reduce Completion Payment Interest Refund applied to reduce Completion Payment New Completion Payment AMPSWB $2.1893 $0.1600 $0.0033 $2.0260 AMPSWC $4.3811 $0.1600 $0.0033 $4.2178 AMPSWD $7.6877 $0.1600 $0.0033 $7.5244

For further information please contact Westpac Banking Corporation on 1800 990 107.

For and on behalf of Westpac Banking Corporation End CA:00191489 For:WBC Type:GENERAL Time:2010-02-22:17:10:09

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