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

Barangaroo NSW 2000

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

22 August 2016

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 Telstra Corporation Limited (TLS)

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

Telstra Corporation Limited (TLS)

Distribution/Entitlement

Final dividend

Amount

$0.1550 per security

Franking percentage

100%

Ex-distribution/Entitlement Date

24 August 2016

Record Date

25 August 2016

Payment Date

On or about 23 September 2016

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 new Completion Payment/s will become effective from the ex-dividend date. The following SFIs will commence trading ex-dividend on the same date as the underlying securities are ex-dividend.

Resulting Change in Completion Payment for each Self Funding Instalment

ASX Code

Previous Completion Payment

Distribution applied to reduce Completion Payment

New Completion Payment

TLSSWJ

$0.9156

$0.1550

$0.7606

TLSSWK

$2.0537

$0.1550

$1.8987

TLSSWR

$3.5106

$0.1550

$3.3556

TLSSWT

$2.7606

$0.1550

$2.6056

TLSSWU

$3.6150

$0.1550

$3.4600

TLSSWV

$4.9367

$0.1550

$4.7817

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 22 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2016 02:34:01 UTC.

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