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

Barangaroo NSW 2000

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

29 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 SPDR MSCI Australia Select High Dividend Yield Fund (SYI)

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

SPDR MSCI Australia Select High Dividend Yield Fund (SYI)

Distribution/Entitlement

Estimated distribution

Amount

$0.3209 per security

Franking percentage

80%

Ex-distribution/Entitlement Date

30 March 2017

Record Date

31 March 2017

Payment Date

On or about 11 April 2017

As detailed in the applicable Product Disclosure Statement ("PDS"), SFI holders direct that dividends be applied to reduce the Completion Payment of the SFI. The following SFI will commence trading ex- distribution on the same date as the underlying securities are ex-distribution. Should the final distribution amount differ from the above mentioned estimated amount Westpac Banking Corporation reserves the right to account for the difference in a subsequent announcement.

Resulting Change in Completion Payment for Self Funding Instalments

ASX Code

Previous Completion Payment

Distribution applied to reduce Completion Payment

New Completion Payment

SYISWJ

$7.2560

$0.3209

$6.9351

SYISWL

$11.6281

$0.3209

$11.3072

SYISWR

$16.2921

$0.3209

$15.9712

SYISWT

$12.9062

$0.3209

$12.5853

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 29 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 March 2017 04:29:17 UTC.

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