The Manager, Listings
Australian Securities Exchange
Company Announcements Office
Level 4 Exchange Centre
20 Bridge Street
SYDNEY NSW 2000

Dear Sir

Commonwealth Bank of Australia (CBA) and ASB Bank Limited (ASB)
Notice under section 708A(12G)(e) of the Corporations Act 2001 (Act)

ASB, a company incorporated in New Zealand and an indirect, wholly-owned subsidiary of CBA, today issued NZ$400 million of subordinated notes (ASB Notes) to retail investors in New Zealand.
ASB Notes may be exchanged into ordinary shares of CBA in the limited circumstance of a non-viability trigger event, as described in the Schedule. CBA and ASB have elected to give this notice (including the Schedule) to enable ordinary shares in the capital of CBA issued on exchange to be sold without disclosure under Chapter 6D of the Act under  section 708A(12G)(e) of the Act as inserted by ASIC Relief Instrument 14-0179.  CBA and ASB confirm that:

(a) ASB Notes were issued without disclosure to investors under Part 6D.2 of the Act;
(b) the information (including the Schedule) in this notice remains current as at today's date;
(c) this notice (including the Schedule) complies with section 708A of the Act, as notionally modified by ASIC Class Orders [CO 08/35] and [CO10/322], and further modified by ASIC Relief Instrument 14-0179; and
(d) CBA and ASB have complied with section 708A(12H) of the Act as inserted by ASIC Relief Instrument 14-0179.

The offer of ASB Notes was not made in Australia and has closed. This notice (including the Schedule) is not a prospectus under the Act and is not for use in Australia or elsewhere.

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