Structured Investments Level 11, Tower Two International Towers Sydney 200 Barangaroo Avenue

Barangaroo NSW 2000

Telephone: 1800 990 107 www.westpac.com.au/structuredinvestments

14 March 2017

Mr Martin Dinh Warrant Administration

Australian Securities Exchange Level 6, 20 Bridge St

Sydney NSW 2000

Dear Mr Dinh

Re: Westpac Self-Funding Instalments over securities in Oil Search Limited (OSH)

Westpac Banking Corporation ("Westpac"), as issuer of Self-Funding Instalments ("SFI") over the following securities, notifies of an amendment to the previously announced dividend in respect of those securities:

Distribution/Entitlement of Security

Securities

Oil Search Limited (OSH)

Distribution/Entitlement

Final Dividend

Amount

$ 0.0332 per security

Franking percentage

0%

Ex-distribution/Entitlement Date

7 March 2017

Record Date

8 March 2017

Payment Date

On or about 30 March 2017

As a result of Oil Search Limited confirming their dividend in Australian Dollars, having fixed the USD/AUD exchange rate for that dividend, Westpac is amending the previously announced dividend payable on the SFIs listed below from $0.0277 per security to $0.0332 per security.

Resulting Change in Completion Payment for each Self Funding Instalment

ASX Code

Previous Completion Payment

Dividend Adjustment1

New Completion Payment

OSHSWR

$4.4115

$0.0005

$4.4110

1The dividend adjustment is $0.0005 after taking into account the 15% Withholding Tax applicable to the dividend.

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

For and on behalf of Westpac Banking Corporation

Westpac Banking Corporation published this content on 14 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 March 2017 01:24:15 UTC.

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