Westpac Banking Corporation has successfully completed the Offer of Westpac Capital Notes 5 with approximately 16.9 million issued at $100 each, raising approximately $1.69 billion.

BASIS OF ALLOCATION

 Reinvestment Offer – All valid Applications (including Applications through Syndicate Brokers) and Applications for additional Notes were accepted in full.

 Securityholder Offer – All valid Applications were accepted in full.  Broker Firm Offer – Allocations to Syndicate Brokers were determined under the Bookbuild and scaled back as agreed by Westpac and the Joint Lead Managers.

 Institutional Offer – Institutional Investors have been individually advised of their Allocations.

CONFIRMATION OF ALLOCATIONS Holding Statements with details of Notes allocated and any refund of Application Payments from invalid Applications are expected to be dispatched by 20 March 2018.