ANZ Commences Cash Tender Offer for Any and All of Certain of its Outstanding
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<p><span class="xn-location">MELBOURNE</span>, <span class="xn-location">Australia</span>, <span class="xn-chron">Dec. 30, 2010</span> /CNW/ -- <span class="xn-location">Australia</span> and <span class="xn-location">New Zealand</span> Banking Group Limited (the "Company"), one of Australia's largest banking and financial groups, announced today that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of its 3.20% Senior Commonwealth Guaranteed Notes due <span class="xn-chron">December 15, 2011</span> (the "Notes").  Additional terms and conditions of the Tender Offer are set forth in the Offer to Purchase dated <span class="xn-chron">December 30, 2010</span> (the "Offer to Purchase") and the related Letter of Transmittal (the "Letter of Transmittal").  The offer will expire at <span class="xn-chron">5:00 p.m.</span>, <span class="xn-location">New York City</span> time, on <span class="xn-chron">January 13, 2011</span>, unless extended (the "Expiration Date").</p>
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<p>The consideration for each <span class="xn-money">$1,000</span> principal amount of Notes tendered and accepted for payment pursuant to the Tender Offer will be determined at <span class="xn-chron">11:00 a.m.</span>, <span class="xn-location">New York City</span> time, on <span class="xn-chron">January 13, 2011</span> in the manner described in the Offer to Purchase.  The purchase price, which will be determined by reference to a fixed spread specified for the Notes over the yield based on the bid-side price of the applicable U.S. Treasury Security as indicated below, will be announced by news release promptly after its determination.</p>
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    CUSIP No.      ISIN  Title of Notes Aggregate Fixed Reference Relevant
                                        Principal Spread Treasury Bloomberg
                                            Amount (basis  Security Page
                                      Outstanding points)
                                                              1.125%
      144A:       144A: 3.20% Senior $1,900,000,000      0     due   PX3
    05252AAB7  US05252AAB70 Commonwealth                   December
                             Guaranteed
      Reg S:      Reg S:     Notes                          15, 2011
                             due December
     05252BAB5 US05252BAB53  15,
                                      2011


    
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<p>In addition, the Company will pay accrued and unpaid interest up to, but excluding, the applicable settlement date on all validly tendered Notes accepted for purchase in the Tender Offer.  The settlement date for the Tender Offer is expected to be the first business day following the Expiration Date and currently is expected to be <span class="xn-chron">January 14, 2011</span>.  The Tender Offer remains subject to meeting certain conditions, and the Company reserves the right to extend, terminate, withdraw or amend the Tender Offer at any time subject to applicable law.</p>
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<p>The Company has retained BofA Merrill Lynch as Dealer Manager.  Global Bondholder Services Corporation has been retained to serve as the depositary and to serve as the information agent for the Tender Offer.</p>
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<p>For additional information regarding the terms of the Tender Offer, please contact: BofA Merrill Lynch at [phone] (toll free) or [phone] (collect).</p>
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<p>This news release is not an offer to purchase or a solicitation of an offer to sell any Notes.  The Tender Offer is being made only pursuant to the terms of the Offer to Purchase, and the related Letter of Transmittal.</p>
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<p>Requests for documents and questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation, at [phone] (toll free).</p>
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    About the Company
    
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<p>The Company is one of the four major banking groups headquartered in <span class="xn-location">Australia</span>.  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 <span class="xn-location">Australia</span>, <span class="xn-location">New Zealand</span> and the Asia Pacific region.  It also operates in a number of other countries including the <span class="xn-location">United Kingdom</span> and the <span class="xn-location">United States</span>.</p>
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<p>Additional information about the Company (including the Company's most recent annual audited consolidated financial statements) is available on the Company's website at <a href="http://www.anz.com/aus/shares/finance/disclosure.asp">www.anz.com/aus/shares/finance/disclosure.asp</a>.</p>
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<p>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.</p>
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    <a href="http://www.anz.com">http://www.anz.com</a>




    

For further information: Mostyn Kau, Director of Group Treasury (Europe Markets), [phone], [email protected] Web Site: http://www.anz.com