ANZ Announces Final Tender Offer Results

By Australia And New Zealand Banking Group Limited, PRNE
Wednesday, January 12, 2011

MELBOURNE, Australia, January 14, 2011 - 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,
(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.

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

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

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 +1-888-292-0070 (toll free) or +1-980-
388-9217 (collect).

About the Company

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

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.

Web site:

Mostyn Kau, Director Group Treasury, +44-20-3229-2013, Mostyn.Kau at

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