Westpac Banking : Self-Funding Instalments over securities in SYD

Structured Investments

Level 11, Tower Two

International Towers Sydney

200 Barangaroo Avenue

Barangaroo NSW 2000

Telephone: [phone]

www.westpac.com.au/structuredinvestments

11 August 2020

Mr Martin Dinh

Warrant Administration

Australian Securities Exchange

Level 6, 20 Bridge St

Sydney NSW 2000

Dear Mr Dinh

Re: Westpac Self-Funding Instalments over Sydney Airport (SYD) - Suspension of trading

Westpac Banking Corporation ("Westpac") is the issuer of the following series of Westpac Self- Funding Instalments ("Westpac SFIs") over Sydney Airport (SYD).

SYDSWB

On 11 August 2020, SYD announced a fully underwritten pro rata accelerated renounceable entitlement offer ("Entitlement Offer") under which eligible securityholders will be entitled to acquire 1 new Sydney Airport stapled security ("New Security") for every 5.15 stapled securities held on 14 August 2020 (record date) at a price of $4.56 per New Security.

Westpac requests a suspension from trading for the above series of Westpac SFIs until the opening of the market on 17 August 2020. Prior to the re-commencement of trading, Westpac will advise the impact of the Entitlement Offer on the Westpac SFIs.

Should you require us to manually make a market in the above series of Westpac SFIs, please call Westpac Structured Investments on 1800 990 107.

For further information please contact Westpac Structured Investments on 1800 990 107.

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