ANZ Announces Final Tender Offer Results

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MELBOURNE, Australia, Jan. 13, 2011 /CNW/ -- Australia and New Zealand Banking Group Limited (the "Company"), one of Australia's four largest banks, announced today the final results for its previously announced cash tender offer (the "Tender Offer") to purchase any and all of its 3.20% Senior Commonwealth Guaranteed Notes due December 15, 2011 (the "Notes"). Additional terms and conditions of the Tender Offer are set forth in the Offer to Purchase dated December 30, 2010 (the "Offer to Purchase") and the related Letter of Transmittal. The settlement date for the Tender Offer is today, January 14, 2011.

The table below identifies the principal amount of Notes validly tendered and accepted for purchase by the Company.

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                                   Title of
      CUSIP No.        ISIN          Notes
      ---------        ----         --------
      144A:                       3.20%
       05252AAB7   144A:         Senior
      Reg S:        05252AAB70   Commonwealth
                                 Guaranteed
      05252BAB5    Reg S:        Notes
                                 due
                                 December
                    05252BAB53   15,
                                         2011



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      Aggregate        Principal       Percentage of
      Principal
       Amount            Amount          Principal
                        Tendered
      Outstanding          and             Amount
      -----------       Accepted        Outstanding
                        --------        Tendered and
                                          Accepted
                                          --------
      $1,900,000,000  $752,316,000                 39.6%


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The Company retained BofA Merrill Lynch as Dealer Manager. Global Bondholder Services Corporation was retained to serve as the Depositary and Information Agent for the Tender Offer.

For additional information regarding the terms of the Tender Offer, please contact: BofA Merrill Lynch at (888) 292-0070 (toll free) or (980) 388-9217 (collect).

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    About the Company
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The Company is one of the four major banking groups headquartered in Australia. The Company, together with its subsidiaries, provides a broad range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations primarily in Australia, New Zealand and the Asia Pacific region. It also operates in a number of other countries including the United Kingdom and the United States.

Additional information about the Company (including the Company's most recent annual audited consolidated financial statements) is available on the Company's website at www.anz.com/aus/shares/finance/disclosure.asp.

The statements in this press release which are not historical facts may be forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date that they are made and which reflect management's current estimates, projections, expectations or beliefs and which involve risks and uncertainties that could cause actual results and outcomes to be materially different. Risks and uncertainties that may affect the future results of the company include, but are not limited to, adverse results from pending or future government investigations, lawsuits or private actions, the competitive environment, changes in government regulations, changing relationships with customers, payers, suppliers and strategic partners and other factors discussed in the Offer to Purchase.

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    Web site: http://www.anz.com



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SOURCE Australia and New Zealand Banking Group Limited

For further information: Mostyn Kau, Director Group Treasury, +44 20 3229 2013, Mostyn.Kau@anz.com Web Site: http://www.anz.com

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Australia and New Zealand Banking Group Limited

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