Structured Investments

Level 11, Tower Two

International Towers Sydney

200 Barangaroo Avenue

Barangaroo NSW 2000

Telephone: 1800 990 107

www.westpac.com.au/structuredinvestments

11 February 2020

Mr Martin Dinh

Warrant Administration

Australian Securities Exchange

Level 6, 20 Bridge St

Sydney NSW 2000

Dear Mr Dinh

Re: Westpac Vanilla Instalment Equity Warrants over securities in Scentre Group (SCG) -

Distribution announcement

Westpac Banking Corporation, as issuer of Westpac Vanilla Instalment Equity Warrants ("Westpac VIEWs") over the following Underlying Securities, notifies of a distribution in respect of those Underlying Securities:

Underlying Securities

Scentre Group (SCG)

Dividend/distribution type

Estimated distribution

Amount

$0.1130 per security

Ex-distribution Date

13 February 2020

Record Date

14 February 2020

Payment Date

On or about 28 February 2020

Correspondingly, the series of following Westpac VIEWs will commence trading on an ex-distribution basis on same date as the Underlying Securities are ex-distribution:

SCGIWM

Should the actual distribution amount differ from the estimated amount, Westpac Banking Corporation may issue a further announcement confirming the actual distribution amount.

For further information please contact Westpac Banking Corporation on 1800 990 107.

Capitalised terms not otherwise defined in this announcement have the same meaning as given in the Westpac VIEWs Product Disclosure Statement.

This document has been authorised for release by Tim Hartin, Company Secretary

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Westpac Banking Corporation published this content on 11 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2020 08:27:06 UTC