18 February 2020

Westpac Banking Corporation

Level 18, 275 Kent Street

SYDNEY NSW

2000

Telephone: +61 (0)2 9155

7713

www.westpac.com.au

Market Announcements Office

ASX Limited

20 Bridge St

SYDNEY NSW 2000

Dear Sir / Madam

WITHDRAWAL OF FORM 604 NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER IN ABSOLUTE EQUITY PERFORMANCE FUND LIMITED (AEG)

As a result of a review of historical data, Westpac Banking Corporation (WBC) has become aware that its notice dated 27 January 2017 notifying a movement of 1% or more in Absolute Equity Performance Fund Limited (AEG) overstated the relevant interests of WBC and its related entities in AEG1.

As there was not a movement of 1% or more in the Westpac Group's holding on 24 January 2017, and as the Westpac Group has not increased its holding by 1% or more since the date it became a substantial shareholder in AEG, WBC withdraws the Form 604 notice lodged on 27 January 2017. WBC's holding as at 17 February 2020 is 5.52%.

Yours sincerely,

Timothy Hartin

Group Company Secretary

Westpac Banking Corporation

1The relevant interests were overstated as a result of including certain Investor Directed Portfolio Services (IDPS) holdings.

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Westpac Banking Corporation published this content on 18 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2020 08:38:02 UTC