South Australia is a very important part ofANZ
 ANZ has operated in SA for 168 years 21,000 shareholders
 Nearly 1,000 employees 78 branches Opened two new branches and plan to open anotherfour in 2006

ANZ staff contribute to local community
organisations

Local CEO Scott Blunden speaking to Anglicare SA

Record profit
Net Profit After Tax
3,018

$m
2,815

2004

2005

Dividends increased by 9%Cents per share110101

2004

2005

Strong returns for shareholders
 33% Total Shareholder Return for 2005
 Strong capital position – above target range-$350m buyback 75% complete Australia’s fifth largest listed company with amarket cap of $42.4 billion

 Cost to income ratio 45.6% - amongst worldleadersBank of the Year - 6 years in a row

Building reputational capital, integral to
our future

Attracting and retaining the most talentedpeopleStaff diversity is an asset

Senior management changes
Business

Retiring Executive

Replacement

New Zealand

Sir John Anderson

Graham Hodges*

Peter Hawkins

international
search ongoing

Elizabeth ProustDavid Hisco

StrategicDevelopment
Esanda*Mark Paton has replaced Graham Hodges as Managing Director Corporate

Australian businesses performing stronglyGeography

FY05 Profit*(A$m)

GrowthAustralia

2,159

14%

New Zealand

566

11%**

Asia Pacific184(4%)

Other147

1%**Profit growth flat in NZ$ after adjusting for two additional months ofNBNZ in 2005 and excluding goodwill amortisation*excluding significant items & NBNZ incremental integration costs

Personal is our largest and fastest growing
division
Net Profit After Tax
$m
15%

1,013

During FY05:• 15 new branches
opened• $100m spent onbranch upgrades883• 330 additional
ATM’s installed• 700 staff added in
Personal Aust.
2004

2005

ANZ is now Australia’s number 3 retail bank
Overtaken NAB and closing themarket share gap to WBC*
Market Share Gap
4.0%
14.3%

10.3%

*Source: Roy Morgan Research –Share of Traditional Banking
12 monthly moving average

Jun-03

2.9%
13.7%
10.8%

Jun-04
ANZ

2.0%
13.1%
11.1%

Jun-05
WBC

1.3%

12.7%
11.4%

Sep-05

Institutional performed well
Net Profit After Tax
Institutional includes:$m8%923857• Client RelationshipGroup• Trade & TransactionServices• Markets• Corporate & Structured
Financing20042005Institutional reinvigorated following de-risking
Net lending assets$bR

De-risking process

50ovignietera

4540353025202000

2001

2002

2003

2004

2005

The leading bank in New Zealand
Net Profit After Tax$m20% (5%*)

Leading market position
in all key segments

Integration virtuallycomplete, but notwithout challenges

Two brand strategy
performing well614513

2004

2005

*NZ$, normalised for 2 extra months of NBNZ in 2005

The Corporate division serves more than
200,000 customers
Net Profit After Tax$m10%376341

Corporate includes:• Corporate Banking –turnover between $10m $150m• Business Banking –turnover up to $10m andFUM over $50k
• Small Business Banking– FUM up to $50k

2004

2005

Esanda celebrated its 50th anniversary
Net Profit After Tax$m11%

Australia performingstrongly, NPAT up 15%

New Zealand subdued byrestructuring

Car market forecast tosoften in FY06

Growth from newproducts and expansion
into adjacent markets

159143

2004

2005

Asia Pacific underlying performance solid
Net Profit After Tax
$m111

2004
Underlying14%

Australia's leadingbank in the region

2004 benefited fromone-off Panin Bankgains

95

2005
Panin One-Offs

Continuing to make strategic investments
in local retail banks
Tianjin City Commercial Bank (China)

Continuing to make strategic investments
in local retail banks
ANZ Royal branch (Cambodia)

Corporate Governance Important focus for the Board Embrace best practice, and be an earlyadopter

 Openness & transparency essential to good
GovernanceRegulation is growing at an alarming rate Perfect storm of regulation in 2005
 Additional cost of compliance estimated atbetween ½ and 1% drag on FY05 earnings Regulation at threat of moving into area ofdiminishing returns for shareholders
ie so mpancpustri p
pl iance ancial Re vie wmocf
Cos t o Aus tralia n Fin
Re d tape grows at thre etimes

GDP rate

Sydney Morning HeraldOur recommendations for dealing withexcessive regulation
 An ongoing red tape commission to review
regulation

 Regulations should reflect the intent of legislation
 Regulators and government need to ensure
there is public consultation on any newregulations

Above trend global economic growth forecastWorld economic growth(Real GDP)% annual change

6ANZforecasts

730 yearaverage

5432
1088

90

9294969800

Note: GDP based on 50 countries aggregated using ‘purchasing power parity’ weights.
Sources: National agencies, IMF, OECD and Economics@ANZ.

020406 07

Double digit credit growth forecast inAustralia to 2007
ANZForecasts

25a nnua l % c ha nge

household
20

total
15

10business
5000
Source: ANZ Economics

010203

0405

06

07

Outlook Similar rate of growth in earnings in first twomonths of FY06 to that experienced in FY05

 Expect this to continue for balance of FY06

The material in this presentation is general background information about the Bank’sactivities current at the date of the presentation. It is information given in summary
form and does not purport to be complete. It is not intended to be relied upon asadvice to investors or potential investors and does not take into account theinvestment objectives, financial situation or needs of any particular investor. Theseshould be considered, with or without professional advice when deciding if aninvestment is appropriate.
For further information visit
www.anz.com
or contact
Stephen Higgins
Head of Investor Relations
ph: (613) 9273 4185

fax: (613) 9273 4091

e-mail: higgins@anz.com