Structured Investments

Level 11, Tower Two

International Towers Sydney

200 Barangaroo Avenue

Barangaroo NSW 2000

Telephone: 1800 990 107

www.westpac.com.au/structuredinvestments

18 September 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

South32 Limited (S32) - Dividend amendment announcement

Westpac Banking Corporation, as issuer of Westpac Vanilla Instalment Equity Warrants ("Westpac VIEWs") over the following Underlying Securities, notifies of an amendment to the dividend previously announced in respect of those Underlying Securities:

Underlying Securities

South32 Limited (S32)

Dividend/distribution type

Final dividend

Amount

$0.0137 per security

Franking percentage

100%

Ex-distribution Date

10 September 2020

Record Date

11 September 2020

Payment Date

On or about 8 October 2020

As a result of S32 confirming their dividend in Australian dollars, having fixed the AUD/USD exchange rate for that dividend, the previously announced dividend amount on the series of Westpac VIEWs noted below is amended from $0.0138 per security to $0.0137 per security.

S32IWM

S32IWO

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 Westpac VIEWS Product Disclosure Statement.

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

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Westpac Banking Corporation published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 10:54:09 UTC