Charles GoodeChairman

WA is a very important part of ANZ• First branch opened in 1841
• More than 31,000 shareholders• Over 1,400 staff• 84 branches• Largest ATM network2007 Annual General Meeting

John McFarlane

2007 Annual General MeetingFourteen successive years
of increased dividends
136

2007

2006

125
110

2005

101

2004

95

2003

85

2002

73

2001

1999

64

2000

56

1998

1996

33

1995

1994

1993

20 25

4248 52

1997

Dividend per share (cents)

Highest growth in Profit Before
Provisions since 2001
Profit Before Provisions ($m)

3,314

2001

3,661

3,891

2002

2003

4,514

2004

11%

4,966

2005

5,4842006

6,1142007

Individual provisions still
below average
900

810

800
691

700
600

631

611

580

526

500

484

444

400

357

338

300
200
1000
FY03

FY04

FY05

FY06

Individual Provision Charge
Individual Provision Expected Loss

FY07

Asset quality remains strong
Net non-accrual loans as a % of net advances
8%
7%
6%
5%
4%
3%
2%
1%0%
1989 1991 1993 1995 1997 1999 2001 2003 2005 2007

Basel II capital accord• Awarded advanced accreditation• Operating some of the most advanced
risk management systems globally• Some reduction in ANZ’s minimumregulatory capital anticipatedPersonal Division
Another outstanding year
Revenue ($m)

Earnings ($m)

12%

16%
1,442

4,693
4,183

2006

1,239

2007

2006

2007

Personal Division
Recognition of success• Money Magazine Bank of the Year

• Home Loan Lender of the year
• Online Lender of the year Home• CSIA Best of the Best award• National Large Business award

Institutional Division
Performed below expectations
Profit Before Provision growth
14%
11%
6%6%

Total

Australia

NewZealand

Europe &US

-13%
-17%

Asia

Pacific

Institutional Division
Strong franchise
Relationship Bank
Market Penetration (%)
70No. 1RelationshipBank64

68
60

54
4537

Peter Lee Associates, 2007

4437
19

ANZ50

Peer1Peer
2

Lead customers
Significant customers
Total customers

13Peer3

New Zealand performing well2007 Financial performance

13%

Impacted byvery low
provisions in
2006
6%Profit before
Provisions

Net Profit
after Tax

• New Zealand Bankof the Year
• No 1 bank forrural agribusinesscustomers

Asian investments - important stepin ANZ’s growth strategy
Asian investments ($m)
2007 investments

847
49232312
Asianinvestments
prior to2007

AMMB

102Saigon
VientianeShanghiSecurities
Commercial
RuralInc.
Bank
Commercial
Bank30Citizens
SecurityBankAsia GDP growth forecast to be
3 times higher than OECD
Global economic growth
10%

OECD

9%Developing economies

8%
7%
6%
5%
4%
3%
2%
1%
0%
1996

1998

2000

2002

2004

2006

2008f

Sources: IMF and Economics@ANZ . Note: GDP is measured in US$ at purchasing power parities

Investing in ANZ branches in Asia

Australian Banks need greater scale• To successfully compete for investments• Provide sufficient balance sheet scale tosupport our clients

The banking environment has changed

The Australian banking and financial
services sector is competitiveMajor
AustralianBanks
InternationalBanks

12 competitorsin everysegment of themarket
Specialist
FinancialProviders

RegionalBanksStaff and Customers
30 Sept 1997 30 Sept 2007
Significant
Improvement

Staff Engagement
Retail Customer Satisfaction*
ANZ
Ave of other 3 major Australian
Banks

69.2%
68.3%

*Source: Roy Morgan Research –Australian MFI Population aged 14 or older, % satisfied(“very” or “fairly satisfied”), 6 month moving average

77.2%
71.4%

Geographical representation

Countries
entered since1997
American Samoa,
Cambodia, EastTimor, Guam,Kiribati, LaosCountries left since 1997
Argentina, Bahrain, Bangladesh,
Brazil, Chile, France, Greece,
Guernsey, Iran, Israel, Jersey, Jordan,
Mexico, Nepal, Pakistan, Qatar,
Sri Lanka, Switzerland

Financial measures
30 Sept 1997 30 Sept 2007
No. of Shareholders

132,450

327,703

Total Assets ($m.)$138,241$392,613

Shareholder Funds ($m)$6,993$22,048

Net Profit After Tax ($m)$1,024$4,180Earnings per Share

78.4 cents

224.1 cents

Dividend per Share48 cents

136 cents

64.9%

44.8%

61.1%

48.3%

55.9%

51.0%

60.7%

45.0%

Cost Income Ratio
• ANZ
• CBA
• NAB
• WBC

Significant opportunities• Extending focus on medium-to-long term
• Realising the full value from our culture• Greater investment in technology• Reducing complexity across the Group• Wealth management opportunities• Asia Pacific focus through new divisionOur approach to the environment

ANZ’s largest office building will
have a 6 star green rating

ANZ has relocated to the most energy
efficient building in Adelaide• ANZ’s office
fit-out has a5 star greenrating• Significantlyimproved
workingenvironment

Cash EPS Growth 2005-2007
Cash Earnings Per Share Growth (%)
ANZ
Average of other 3 major trading banks
14.7%
13.2%
8.8% 8.1%

2005

13.6%
8.1%

20062007New management board
appointments
Chief Executive
Officer
Michael Smith
Senior Managing
Director
Bob Edgar

Operations,Technology & Shared
ServicesDavid Cartwright
Human Resources
Susan Babani

Chief Financial
OfficerPeter Marriott
New Zealand
GrahamHodges

Personal
Brian Hartzer

Chief Risk Officer
David Stephen
InstitutionalPeterHodgson

Asia PacificAlex Thursby

New to Management Board in 2007/2008

Effect of the sub-primelending crisis• Mainly focused in the US• Some customers have exposure
to the turmoil• ANZ has no direct exposure to US
sub-prime• Sound liquidity policies, diversified
funding sources

2008 expected to be a good year
in terms of economic growth
GDP Growth(2008 forecasts)

Business Credit Growth(2008 forecasts)~13.2%~ 3.8%~9.1%~ 2.0%

Australia

New ZealandAustralia

New Zealand2007 Annual General Meeting