Westpac Banking : Dividend/Distribution - WBC

Notification of dividend / distribution

Announcement Summary

Entity name

WESTPAC BANKING CORPORATION

Security on which the Distribution will be paid

WBC - ORDINARY FULLY PAID

Announcement Type

New announcement

Date of this announcement

Monday November 6, 2017

Distribution Amount

AUD 0.94000000

Ex Date

Monday November 13, 2017

Record Date

Tuesday November 14, 2017

Payment Date

Friday December 22, 2017

DRP election date

Wednesday November 15, 2017 17:00:00

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

WBC

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Saturday September 30, 2017

2A.4 +Record Date

Tuesday November 14, 2017

2A.5 Ex Date

Monday November 13, 2017

2A.6 Payment Date

Friday December 22, 2017

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval Court approval

Lodgement of court order with +ASIC ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.94000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

Yes

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

Yes

Part 2B - Currency Information

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).

Yes

2B.2 Please provide a description of your currency arrangements

Details of dividend payment options for Westpac Ordinary Fully Paid Shares are available in Westpac's Investor Centre at http://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-payment/ .

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

2B.2b Please provide the exchange rates used for non-primary currency payments

Not known at date of this announcement.

2B.2c If payment currency equivalent and exchange rates not known, date for information to be released

Friday December 22, 2017

Estimated or Actual?

Actual

2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.94000000

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

3A.2 Is the ordinary dividend/distribution franked?

Yes

3A.3 Percentage of ordinary dividend/distribution that is franked 100.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.94000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

Part 3E - Other - distribution components / tax

3A.2a Is the ordinary dividend/distribution fully franked?

Yes

3A.3a Applicable corporate tax rate for franking credit (%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).

A New Zealand imputation credit of NZD 0.07 per Westpac Ordinary Fully Paid Share will attach to the dividend.

Part 4A - +Dividend reinvestment plan (DRP)

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of

election notices to share registry under DRP

Wednesday November 15, 2017 17:00:00

4A.4 Period of calculation of reinvestment price

Start Date

Friday November 17, 2017

4A.5 DRP price calculation methodology

4A.3 DRP discount rate

0.0000 %

End Date

Thursday November 30, 2017

The average of the daily volume weighted average market price per Westpac Ordinary Fully Paid Share sold on the ASX and Chi-X during the 10 trading days commencing November 17 2017, with no discount.

4A.6 DRP Price (including any discount):

AUD

4A.7 DRP +securities +issue date

Friday December 22, 2017