Westpac Banking : Self-Funding Instalments over securities in ALL

Structured Investments

Level 11, Tower Two

International Towers Sydney

200 Barangaroo Avenue

Barangaroo NSW 2000

Telephone: [phone]

www.westpac.com.au/structuredinvestments

27 November 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 securities in Aristocrat Leisure Limited (ALL) -

Dividend announcement

Westpac Banking Corporation, as issuer of Westpac Self-Funding Instalments ("Westpac SFIs") over the following Underlying Securities, notifies of a dividend in respect of the Underlying Securities:

Underlying Securities	Aristocrat Leisure Limited (ALL)
Dividend/distribution type	Final dividend
Amount	$0.1000 per security
Franking percentage	100%
Ex-dividend date	1 December 2020
Record Date	2 December 2020
Payment Date	On or about 18 December 2020

As detailed in the Westpac SFIs Product Disclosure Statement ("PDS"), Holders direct that dividends be applied to reduce the Completion Payment of the Westpac SFIs. The new Completion Payment will become effective from the ex-dividend date. The following series of Westpac SFIs will commence trading ex-dividend on the same date as the Underlying Securities are ex-dividend.

	Previous	Dividend/distribution	New
	amount applied to
ASX Code	Completion	Completion
reduce Completion
	Payment	Payment
	Payment
ALLSWB	$15.5750	$0.1000	$15.4750

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

Capitalised terms not otherwise defined in this announcement have the same meaning as given in the PDS.

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