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

26 Feb 2010 4:42 pm

WBC 26/02/2010 GENERAL

REL: 1642 HRS Westpac Banking Corporation

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

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

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 ASX Limited (ASX) Distribution/Entitlement Ordinary dividend Amount $0.891 Franking percentage 100% Ex-distribution/Entitlement Date 1 March 2010 Record Date 5 March 2010 Payment Date 29 March 201

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 ASXSWB $16.7123 $0.8910 $0.0176 $15.8037

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

For and on behalf of Westpac Banking Corporation End CA:00191825 For:WBC Type:GENERAL Time:2010-02-26:16:42:31

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