THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER

IMPORTANT NOTICE TO THE HOLDERS OF

USD 20,000,000 Floating Rate Notes due 28 September 2025

(ISIN: XS1886615308)

(the "Notes")

issued pursuant to the US$60,000,000,000 Euro Medium Term Note Programme (the "Programme")

of Australia and New Zealand Banking Group Limited (Australian Business Number 11 005 357 522) (the "Issuer")

21 June 2024

NOTICE IS HEREBY GIVEN to the holders of the Notes that the Final Terms applicable to the Notes have been amended and restated (the "Amended and Restated Final Terms") pursuant to the Deed of Amendment dated 21 June 2024 between the Issuer, the holder of the Notes and the Agent to effect the following amendments: (1) change the Reference Rate from USD LIBOR to SOFR (Non-Index Determination) and such other consequential changes as necessary to ensure the proper operation of such Reference Rate; (2) change each website reference in Condition 13(a) (Notices) to the Issuer's current website and (3) cure a manifest error in item 21 (Early Redemption Amount payable on redemption for taxation reasons or on an Event of Default or other early redemption) from "Not Applicable" to "USD 200,000 per Calculation Amount".

The Amended and Restated Final Terms will take effect on the Interest Payment Date falling on 28 June 2024 and be effective in respect of each Interest Period from and including that Interest Payment Date to but excluding the Maturity Date.

To view the Amended and Restated Final Terms, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/4349T_1-2024-6-21.pdf

A copy of the Final Terms has been submitted to the National Storage Mechanism and will shortly be available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Any capitalised term used but not otherwise defined herein shall have the meaning given to it in the Conditions set forth in the Base Prospectus dated 17 May 2018, as such Conditions have been supplemented by the Amended and Restated Final Terms.

This notice is given to all holders of the Notes in accordance with Condition 10(a) (Meeting of Noteholders, Modifications and Waiver) and the Amended and Restated Agency Agreement dated 17 May 2018 between, among others, the Issuer and Deutsche Bank AG, London Branch as fiscal agent, calculation agent and paying agent ("Agent").

Any queries in relation to the matters set out in this notice should be directed to:

Head of Group Funding

Australia and New Zealand Banking Group Limited

ANZ Centre Melbourne

Level 9, 833 Collins Street

Docklands VIC 3008

Australia

Email: [email protected]

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Base Prospectus and Amended and Restated Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectus and Amended and Restated Final Terms) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Base Prospectus and Amended and Restated Final Terms is not addressed. Prior to relying on the information contained in the Base Prospectus and Amended and Restated Final Terms, you must ascertain from the Base Prospectus and Amended and Restated Final Terms whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.