Key Information Summary for the threemonths ended 31 December 2009
Credit rating• The Overseas Bank has three current credit ratings, issued
by Standard and Poor’s, Moody’s Investors Service and Fitch
Ratings, which are applicable to its long term senior unsecured
obligations, including obligations payable in New Zealand in
New Zealand dollars.
• During the two-year period ended 31 December 2009, theStandard and Poor’s credit rating and qualification remainedat AA and Outlook Stable.
• During the two-year period ended 31 December 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa1. On 2 March 2009 the Outlook changed
from Stable to Negative.
• During the two-year period ended 31 December 2009, theFitch Ratings credit rating and qualification remained at AAand Outlook Stable. Fitch Ratings were formally engaged by
the Overseas Bank on 18 March 2008 to provide credit rating
services. Previously Fitch Ratings had rated the Overseas Bankon an unsolicited basis as AA-.

Government Guarantees• The Overseas Bank has a guarantee under the Financial Claims
Scheme (“FCS”). This scheme provides for an Australian
government guarantee of “protected accounts” up to A$1million
in the winding up of the Overseas Bank. In addition, certain
deposits of the Overseas Bank are guaranteed for amounts
over A$1million, and certain wholesale term funding liabilitiesof the Overseas Bank are guaranteed under the AustralianGovernment Guarantee Scheme for Large Deposits andWholesale Funding (“Wholesale Funding Guarantee”). Both the
FCS and Wholesale Funding Guarantee apply to the Registered
Bank, as a branch of the Overseas Bank. Further information
about the FCS is available from the Australian Treasury
www.treasury.gov.au. Further information about the Wholesale
Guarantee Scheme is available from the Australian Government
www.guaranteescheme.gov.au. Additional information on eachguarantee scheme is available in the NZ Branch’s most recent
General Short Form Disclosure Statement and Supplemental
Disclosure Statement.
• The NZ Branch does not have a guarantee under the
New Zealand Deposit Guarantee Scheme or the New Zealand
Wholesale Funding Guarantee Facility as at 24 February 2010.

Australia and New Zealand Banking
Group Limited – New Zealand Branch

Independent Examination Report to the Directorsof Australia and New Zealand Banking Group Limited– New Zealand Branch

Key Information Summary for the threemonths ended 31 December 2009

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted
from the General Short Form Disclosure Statement of Australia and
New Zealand Banking Group Limited – New Zealand Branch and its
related entities (the “NZ Banking Group”) for the three months ended
31 December 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Off-Quarter – Overseas Incorporated Registered
Banks) Order 2008 (the “Order”).
We have reviewed the interim financial statements and certain
supplementary information contained within the General Short Form
Disclosure Statement for the three months ended 31 December 2009, on
which we issued an unqualified review opinion dated 24 February 2010.

Directors’ Responsibilities

The Directors are responsible for the preparation and presentationof the Key Information Summary in accordance with the Order.

Auditor’s Responsibilities

In accordance with the Order, we are responsible for examining the
Key Information Summary presented by the Directors for compliancewith the Order, and reporting our findings to you.

Basis of Report

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information
contained in the General Short Form Disclosure Statement for
the three months ended 31 December 2009.

Unqualified Statement of Findings

Based on our examination of the Key Information Summary, we reportthat:• the Key Information Summary has been prepared in accordance with
the Order; and• the information contained in the Key Information Summary has been
properly extracted, where applicable, from the information containedin the General Short Form Disclosure Statement for the three months
ended 31 December 2009.
For a better understanding of the scope of our examination ofAustralia and New Zealand Banking Group Limited – New Zealand
Branch’s General Short Form Disclosure Statement, and of the balance
sheet of the NZ Banking Group as at 31 December 2009 and the resultsof its operations and cash flows for the three months ended on thatdate, this report should be read in conjunction with the General ShortForm Disclosure Statement for the three months ended 31 December
2009 from which the information in the Key Information Summary was
extracted and our independent review report thereon.
Our review was completed on 24 February 2010 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

Introductory information

Key Information Summary
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED– NEW ZEALAND BRANCH
For the three months ended 31 December 2009
Number 5 Issued February 2010

• The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
• The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
• In this Key Information Summary, reference is made to thefollowing:•“Overseas Banking Group” refers to the worldwide
operations of Australia and New Zealand Banking Group
Limited including its controlled entities;•“Overseas Bank” or “Ultimate Parent Bank” refers to theworldwide operations of Australia and New Zealand
Banking Group Limited excluding its controlled entities;•“NZ Banking Group” refers to the aggregated New
Zealand operations of Australia and New Zealand
Banking Group Limited, including those operations
conducted through the NZ Branch and controlled
entities of the Overseas Bank registered in New Zealand;•“NZ Branch” or “Registered Bank” refers to the New Zealandoperations of the Overseas Bank, as conducted throughthe NZ Branch.

Corporate information• The full name of the Overseas Bank is Australia and New Zealand
Banking Group Limited. Australia and New Zealand Banking
Group Limited is a company registered and domiciled in
Victoria, Australia.

Key Information Summary for the threemonths ended 31 December 2009
Credit rating• The Overseas Bank has three current credit ratings, issued
by Standard and Poor’s, Moody’s Investors Service and Fitch
Ratings, which are applicable to its long term senior unsecured
obligations, including obligations payable in New Zealand in
New Zealand dollars.
• During the two-year period ended 31 December 2009, theStandard and Poor’s credit rating and qualification remainedat AA and Outlook Stable.
• During the two-year period ended 31 December 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa1. On 2 March 2009 the Outlook changed
from Stable to Negative.
• During the two-year period ended 31 December 2009, theFitch Ratings credit rating and qualification remained at AAand Outlook Stable. Fitch Ratings were formally engaged by
the Overseas Bank on 18 March 2008 to provide credit rating
services. Previously Fitch Ratings had rated the Overseas Bankon an unsolicited basis as AA-.

Government Guarantees• The Overseas Bank has a guarantee under the Financial Claims
Scheme (“FCS”). This scheme provides for an Australian
government guarantee of “protected accounts” up to A$1million
in the winding up of the Overseas Bank. In addition, certain
deposits of the Overseas Bank are guaranteed for amounts
over A$1million, and certain wholesale term funding liabilitiesof the Overseas Bank are guaranteed under the AustralianGovernment Guarantee Scheme for Large Deposits andWholesale Funding (“Wholesale Funding Guarantee”). Both the
FCS and Wholesale Funding Guarantee apply to the Registered
Bank, as a branch of the Overseas Bank. Further information
about the FCS is available from the Australian Treasury
www.treasury.gov.au. Further information about the Wholesale
Guarantee Scheme is available from the Australian Government
www.guaranteescheme.gov.au. Additional information on eachguarantee scheme is available in the NZ Branch’s most recent
General Short Form Disclosure Statement and Supplemental
Disclosure Statement.
• The NZ Branch does not have a guarantee under the
New Zealand Deposit Guarantee Scheme or the New Zealand
Wholesale Funding Guarantee Facility as at 24 February 2010.

Australia and New Zealand Banking
Group Limited – New Zealand Branch

Independent Examination Report to the Directorsof Australia and New Zealand Banking Group Limited– New Zealand Branch

Key Information Summary for the threemonths ended 31 December 2009

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted
from the General Short Form Disclosure Statement of Australia and
New Zealand Banking Group Limited – New Zealand Branch and its
related entities (the “NZ Banking Group”) for the three months ended
31 December 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Off-Quarter – Overseas Incorporated Registered
Banks) Order 2008 (the “Order”).
We have reviewed the interim financial statements and certain
supplementary information contained within the General Short Form
Disclosure Statement for the three months ended 31 December 2009, on
which we issued an unqualified review opinion dated 24 February 2010.

Directors’ Responsibilities

The Directors are responsible for the preparation and presentationof the Key Information Summary in accordance with the Order.

Auditor’s Responsibilities

In accordance with the Order, we are responsible for examining the
Key Information Summary presented by the Directors for compliancewith the Order, and reporting our findings to you.

Basis of Report

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information
contained in the General Short Form Disclosure Statement for
the three months ended 31 December 2009.

Unqualified Statement of Findings

Based on our examination of the Key Information Summary, we reportthat:• the Key Information Summary has been prepared in accordance with
the Order; and• the information contained in the Key Information Summary has been
properly extracted, where applicable, from the information containedin the General Short Form Disclosure Statement for the three months
ended 31 December 2009.
For a better understanding of the scope of our examination ofAustralia and New Zealand Banking Group Limited – New Zealand
Branch’s General Short Form Disclosure Statement, and of the balance
sheet of the NZ Banking Group as at 31 December 2009 and the resultsof its operations and cash flows for the three months ended on thatdate, this report should be read in conjunction with the General ShortForm Disclosure Statement for the three months ended 31 December
2009 from which the information in the Key Information Summary was
extracted and our independent review report thereon.
Our review was completed on 24 February 2010 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

Introductory information

Key Information Summary
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED– NEW ZEALAND BRANCH
For the three months ended 31 December 2009
Number 5 Issued February 2010

• The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
• The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
• In this Key Information Summary, reference is made to thefollowing:•“Overseas Banking Group” refers to the worldwide
operations of Australia and New Zealand Banking Group
Limited including its controlled entities;•“Overseas Bank” or “Ultimate Parent Bank” refers to theworldwide operations of Australia and New Zealand
Banking Group Limited excluding its controlled entities;•“NZ Banking Group” refers to the aggregated New
Zealand operations of Australia and New Zealand
Banking Group Limited, including those operations
conducted through the NZ Branch and controlled
entities of the Overseas Bank registered in New Zealand;•“NZ Branch” or “Registered Bank” refers to the New Zealandoperations of the Overseas Bank, as conducted throughthe NZ Branch.

Corporate information• The full name of the Overseas Bank is Australia and New Zealand
Banking Group Limited. Australia and New Zealand Banking
Group Limited is a company registered and domiciled in
Victoria, Australia.

Australia and New Zealand Banking Group Limited – New Zealand Branch

Australia and New Zealand Banking
Group Limited – New Zealand Branch

Key Information Summary for the three months ended 31 December 2009
Overseas Banking Group
Audited
Audited30/09/2009 30/09/2008
A$m
A$m
Profitability
Net profit after tax for the year ended 30 September
Net profit after tax for the year ended 30 September as a percentage of average total assets

2,945
0.6%

3,327
0.8%

476,987
1.4%

470,29319.7%

Size as at 30 September
Total assets
The percentage increase in total assets from 1 October to 30 September

NZ Banking Group
Unaudited
Unaudited
31/12/2009 31/12/2008
NZ$m
NZ$m
Profitability
Net profit after tax for the three months ended 31 December
Net profit after tax for the year ended 31 December as a percentage of average total assets

253
0.2%

167
0.7%

124,753-5.7%

132,24320.8%

Size as at 31 December
Total assets
The percentage (decrease) increase in total assets from 1 January to 31 December
Overseas Banking Group

Overseas Bank

Unaudited
31/12/2009%

Unaudited
31/12/2008%

Unaudited
30/09/2009%

Unaudited
30/09/2008
%

10.5%
13.4%

8.3%
11.1%

11.6%
14.2%

8.4%
11.6%

Capital Adequacy
Tier One Capital as a percentage of risk weighted exposures
Total Capital as a percentage of risk weighted exposures

Overseas Banking Group
Audited
Audited30/09/2009 30/09/2008
A$m
A$m

NZ Banking Group
Unaudited
Unaudited
31/12/2009 31/12/2008
NZ$m
NZ$m

Asset Quality
Total impaired assets (on-balance sheet)
Total impaired assets as a percentage of total assets
Total individual provisions
Total individual provisions as a percentage of total impaired assets
Total collective provisions
Non-financial assets acquired through the enforcement of security

5,060
1.1%
1,526
30.2%
3,000
-

2,498
0.5%
675
27.0%
2,821
-

1,336
1.1%
566
42.4%
804
-

383
0.3%
169
44.1%
556
-

For calculation of minimum capital requirements under Pillar I of the Basel II Accord, the Overseas Banking Group has been accredited by theAustralian Prudential Regulation Authority (“APRA”) to use the Advanced Internal Ratings Based (“AIRB”) methodology for calculation of credit
risk weighted assets and the Advanced Measurement Approach (“AMA”) for the operational risk weighted asset equivalent. The Basel II Accord
came into effect from 1 January 2008. The Overseas Banking Group and the Overseas Bank (Extended Licensed Entity) (as defined by APRA), met
the minimum capital adequacy requirements as specified by APRA as at 31 December 2009 and 31 December 2008. APRA specifies a minimum
prudential capital ratio for the Overseas Banking Group, which is not made publicly available.

For the three months ended 31 December 2009, the NZ Banking
Group had no peak end-of-day credit exposures, on the basis oflimits, to any bank or non-bank counterparties, equal to or in excess
of 10% of the Overseas Banking Group’s equity (31 December 2008:nil). The peak end-of-day exposures have been calculated using theOverseas Banking Group’s equity as at 30 September 2009. The equity
used in calculating the comparatives was as at 30 September 2008.
These calculations exclude credit exposures to the central governmentof any country with a long term credit rating of A- or A3 or above, orits equivalent.

Under section 13A(1) of the Banking Act, in certain circumstances
APRA may take control of an ADI or appoint an administrator(defined in the Banking Act) to take control of its business. Section
16(1) and (2) of the Banking Act provide that, despite anything
contained in any law relating to the winding up of companies, but
subject to section 13A(3) of the Banking Act, the debts of an ADI
to APRA in respect of APRA’s costs (including costs in the natureof remuneration and expenses) of being in control of the ADI’sbusiness or of having an administrator in control of the ADI’sbusiness have priority in a winding up of the ADI over all otherunsecured debts.
Section 86 of the Reserve Bank Act 1959 provides that
notwithstanding anything contained in any law relating to thewinding up of companies, but subject to section 13A(3) of the
Banking Act, debts due to the Reserve Bank of Australia by any
ADI shall, in a winding up, have priority over all other debts otherthan debts due to the Commonwealth of Australia.
Section 13A(3) affects all of the unsecured deposit liabilities of
the NZ Branch which as at 31 December 2009 amounted to $nil
(31 December 2008: $nil).

Ranking of local creditors in liquidation

Non-consolidated activities

There are material legislative restrictions in the Overseas Bank’s
country of incorporation which subordinate the claims of a classof unsecured creditors of the Registered Bank on the assets of theOverseas Bank to those of another class of unsecured creditors of
the Overseas Bank, in liquidation of the Overseas Bank.
The Banking Act 1959 of the Commonwealth of Australia (the“Banking Act”) gives priority over Australian assets of the Overseas
Bank to Australian depositors if the Overseas Bank is unable to meetits obligations or suspends payment. Accordingly, New Zealanddepositors (together with all other senior unsecured creditors of theOverseas Bank) will rank after Australian depositors of the Overseas
Bank in relation to claims against Australian assets.
Specifically, pursuant to section 13A(3) of the Banking Act, if an
Authorised Deposit Taking Institution (defined in that Act to include
a Bank like the Overseas Bank) (an “ADI”) becomes unable to meet its
obligations or suspends payment, the assets of the ADI in Australia
are to be available to meet the ADI’s liabilities in the following order:a) first, the ADI’s liabilities to APRA (if any), because of the rights
APRA has against the ADI because APRA has made, or is required
to make, payments to depositors under the Financial Claims
Scheme;b) second, the ADI’s debts to APRA for costs incurred by APRA
in administration of the Financial Claims Scheme in respect of
the ADI;c) third, in payment of the ADI’s deposit liabilities in Australia (otherthan liabilities covered under paragraph (a)); andd) fourth, the ADI’s other liabilities (in order of priority apart fromsection 13A(3)).

On 30 November 2009, the NZ Banking Group purchased ING
Groep’s 51% interest in ING (NZ) Holdings Limited group (“ING NZ”)
and ING NZ has been fully consolidated since that date. Insurance
business is conducted directly through ING NZ since its acquisitionin November 2009. Prior to this, the Overseas Bank had carried on
insurance business in New Zealand through the NZ Banking Group’s
49% share in the ING NZ joint venture and the NZ Banking Group did
not carry on insurance business directly. No non-financial activities
are carried on in New Zealand outside of the NZ Banking Group.

Key Information Summary for the three months
ended 31 December 2009
Peak Credit Exposure Concentrations – for the three months
ended 31 December

Financial statements of the Overseas Bank and Overseas
Banking GroupA copy of the most recent publicly available financial statements of
the Overseas Bank and the Overseas Banking Group is contained in
the NZ Branch’s most recent Supplemental Disclosure Statement.

Availability of Disclosure Statements
Copies of NZ Branch’s most recent General Short Form DisclosureStatement and Supplemental Disclosure Statement will be
provided at no charge immediately to any person requesting a
copy where the request is made at the NZ Branch’s head office,Level 14, ANZ Tower, 215-229 Lambton Quay, Wellington (at Level 6,
1 Victoria Street, Wellington, New Zealand effective 1 March 2010).
This Key Information Summary, the most recent General Short Form
Disclosure Statement and Supplemental Disclosure Statement canbe accessed at the website address www.anz.com.

Australia and New Zealand Banking Group Limited – New Zealand Branch

Australia and New Zealand Banking
Group Limited – New Zealand Branch

Key Information Summary for the three months ended 31 December 2009
Overseas Banking Group
Audited
Audited30/09/2009 30/09/2008
A$m
A$m
Profitability
Net profit after tax for the year ended 30 September
Net profit after tax for the year ended 30 September as a percentage of average total assets

2,945
0.6%

3,327
0.8%

476,987
1.4%

470,29319.7%

Size as at 30 September
Total assets
The percentage increase in total assets from 1 October to 30 September

NZ Banking Group
Unaudited
Unaudited
31/12/2009 31/12/2008
NZ$m
NZ$m
Profitability
Net profit after tax for the three months ended 31 December
Net profit after tax for the year ended 31 December as a percentage of average total assets

253
0.2%

167
0.7%

124,753-5.7%

132,24320.8%

Size as at 31 December
Total assets
The percentage (decrease) increase in total assets from 1 January to 31 December
Overseas Banking Group

Overseas Bank

Unaudited
31/12/2009%

Unaudited
31/12/2008%

Unaudited
30/09/2009%

Unaudited
30/09/2008
%

10.5%
13.4%

8.3%
11.1%

11.6%
14.2%

8.4%
11.6%

Capital Adequacy
Tier One Capital as a percentage of risk weighted exposures
Total Capital as a percentage of risk weighted exposures

Overseas Banking Group
Audited
Audited30/09/2009 30/09/2008
A$m
A$m

NZ Banking Group
Unaudited
Unaudited
31/12/2009 31/12/2008
NZ$m
NZ$m

Asset Quality
Total impaired assets (on-balance sheet)
Total impaired assets as a percentage of total assets
Total individual provisions
Total individual provisions as a percentage of total impaired assets
Total collective provisions
Non-financial assets acquired through the enforcement of security

5,060
1.1%
1,526
30.2%
3,000
-

2,498
0.5%
675
27.0%
2,821
-

1,336
1.1%
566
42.4%
804
-

383
0.3%
169
44.1%
556
-

For calculation of minimum capital requirements under Pillar I of the Basel II Accord, the Overseas Banking Group has been accredited by theAustralian Prudential Regulation Authority (“APRA”) to use the Advanced Internal Ratings Based (“AIRB”) methodology for calculation of credit
risk weighted assets and the Advanced Measurement Approach (“AMA”) for the operational risk weighted asset equivalent. The Basel II Accord
came into effect from 1 January 2008. The Overseas Banking Group and the Overseas Bank (Extended Licensed Entity) (as defined by APRA), met
the minimum capital adequacy requirements as specified by APRA as at 31 December 2009 and 31 December 2008. APRA specifies a minimum
prudential capital ratio for the Overseas Banking Group, which is not made publicly available.

For the three months ended 31 December 2009, the NZ Banking
Group had no peak end-of-day credit exposures, on the basis oflimits, to any bank or non-bank counterparties, equal to or in excess
of 10% of the Overseas Banking Group’s equity (31 December 2008:nil). The peak end-of-day exposures have been calculated using theOverseas Banking Group’s equity as at 30 September 2009. The equity
used in calculating the comparatives was as at 30 September 2008.
These calculations exclude credit exposures to the central governmentof any country with a long term credit rating of A- or A3 or above, orits equivalent.

Under section 13A(1) of the Banking Act, in certain circumstances
APRA may take control of an ADI or appoint an administrator(defined in the Banking Act) to take control of its business. Section
16(1) and (2) of the Banking Act provide that, despite anything
contained in any law relating to the winding up of companies, but
subject to section 13A(3) of the Banking Act, the debts of an ADI
to APRA in respect of APRA’s costs (including costs in the natureof remuneration and expenses) of being in control of the ADI’sbusiness or of having an administrator in control of the ADI’sbusiness have priority in a winding up of the ADI over all otherunsecured debts.
Section 86 of the Reserve Bank Act 1959 provides that
notwithstanding anything contained in any law relating to thewinding up of companies, but subject to section 13A(3) of the
Banking Act, debts due to the Reserve Bank of Australia by any
ADI shall, in a winding up, have priority over all other debts otherthan debts due to the Commonwealth of Australia.
Section 13A(3) affects all of the unsecured deposit liabilities of
the NZ Branch which as at 31 December 2009 amounted to $nil
(31 December 2008: $nil).

Ranking of local creditors in liquidation

Non-consolidated activities

There are material legislative restrictions in the Overseas Bank’s
country of incorporation which subordinate the claims of a classof unsecured creditors of the Registered Bank on the assets of theOverseas Bank to those of another class of unsecured creditors of
the Overseas Bank, in liquidation of the Overseas Bank.
The Banking Act 1959 of the Commonwealth of Australia (the“Banking Act”) gives priority over Australian assets of the Overseas
Bank to Australian depositors if the Overseas Bank is unable to meetits obligations or suspends payment. Accordingly, New Zealanddepositors (together with all other senior unsecured creditors of theOverseas Bank) will rank after Australian depositors of the Overseas
Bank in relation to claims against Australian assets.
Specifically, pursuant to section 13A(3) of the Banking Act, if an
Authorised Deposit Taking Institution (defined in that Act to include
a Bank like the Overseas Bank) (an “ADI”) becomes unable to meet its
obligations or suspends payment, the assets of the ADI in Australia
are to be available to meet the ADI’s liabilities in the following order:a) first, the ADI’s liabilities to APRA (if any), because of the rights
APRA has against the ADI because APRA has made, or is required
to make, payments to depositors under the Financial Claims
Scheme;b) second, the ADI’s debts to APRA for costs incurred by APRA
in administration of the Financial Claims Scheme in respect of
the ADI;c) third, in payment of the ADI’s deposit liabilities in Australia (otherthan liabilities covered under paragraph (a)); andd) fourth, the ADI’s other liabilities (in order of priority apart fromsection 13A(3)).

On 30 November 2009, the NZ Banking Group purchased ING
Groep’s 51% interest in ING (NZ) Holdings Limited group (“ING NZ”)
and ING NZ has been fully consolidated since that date. Insurance
business is conducted directly through ING NZ since its acquisitionin November 2009. Prior to this, the Overseas Bank had carried on
insurance business in New Zealand through the NZ Banking Group’s
49% share in the ING NZ joint venture and the NZ Banking Group did
not carry on insurance business directly. No non-financial activities
are carried on in New Zealand outside of the NZ Banking Group.

Key Information Summary for the three months
ended 31 December 2009
Peak Credit Exposure Concentrations – for the three months
ended 31 December

Financial statements of the Overseas Bank and Overseas
Banking GroupA copy of the most recent publicly available financial statements of
the Overseas Bank and the Overseas Banking Group is contained in
the NZ Branch’s most recent Supplemental Disclosure Statement.

Availability of Disclosure Statements
Copies of NZ Branch’s most recent General Short Form DisclosureStatement and Supplemental Disclosure Statement will be
provided at no charge immediately to any person requesting a
copy where the request is made at the NZ Branch’s head office,Level 14, ANZ Tower, 215-229 Lambton Quay, Wellington (at Level 6,
1 Victoria Street, Wellington, New Zealand effective 1 March 2010).
This Key Information Summary, the most recent General Short Form
Disclosure Statement and Supplemental Disclosure Statement canbe accessed at the website address www.anz.com.

Key Information Summary for the threemonths ended 31 December 2009
Credit rating• The Overseas Bank has three current credit ratings, issued
by Standard and Poor’s, Moody’s Investors Service and Fitch
Ratings, which are applicable to its long term senior unsecured
obligations, including obligations payable in New Zealand in
New Zealand dollars.
• During the two-year period ended 31 December 2009, theStandard and Poor’s credit rating and qualification remainedat AA and Outlook Stable.
• During the two-year period ended 31 December 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa1. On 2 March 2009 the Outlook changed
from Stable to Negative.
• During the two-year period ended 31 December 2009, theFitch Ratings credit rating and qualification remained at AAand Outlook Stable. Fitch Ratings were formally engaged by
the Overseas Bank on 18 March 2008 to provide credit rating
services. Previously Fitch Ratings had rated the Overseas Bankon an unsolicited basis as AA-.

Government Guarantees• The Overseas Bank has a guarantee under the Financial Claims
Scheme (“FCS”). This scheme provides for an Australian
government guarantee of “protected accounts” up to A$1million
in the winding up of the Overseas Bank. In addition, certain
deposits of the Overseas Bank are guaranteed for amounts
over A$1million, and certain wholesale term funding liabilitiesof the Overseas Bank are guaranteed under the AustralianGovernment Guarantee Scheme for Large Deposits andWholesale Funding (“Wholesale Funding Guarantee”). Both the
FCS and Wholesale Funding Guarantee apply to the Registered
Bank, as a branch of the Overseas Bank. Further information
about the FCS is available from the Australian Treasury
www.treasury.gov.au. Further information about the Wholesale
Guarantee Scheme is available from the Australian Government
www.guaranteescheme.gov.au. Additional information on eachguarantee scheme is available in the NZ Branch’s most recent
General Short Form Disclosure Statement and Supplemental
Disclosure Statement.
• The NZ Branch does not have a guarantee under the
New Zealand Deposit Guarantee Scheme or the New Zealand
Wholesale Funding Guarantee Facility as at 24 February 2010.

Australia and New Zealand Banking
Group Limited – New Zealand Branch

Independent Examination Report to the Directorsof Australia and New Zealand Banking Group Limited– New Zealand Branch

Key Information Summary for the threemonths ended 31 December 2009

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted
from the General Short Form Disclosure Statement of Australia and
New Zealand Banking Group Limited – New Zealand Branch and its
related entities (the “NZ Banking Group”) for the three months ended
31 December 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Off-Quarter – Overseas Incorporated Registered
Banks) Order 2008 (the “Order”).
We have reviewed the interim financial statements and certain
supplementary information contained within the General Short Form
Disclosure Statement for the three months ended 31 December 2009, on
which we issued an unqualified review opinion dated 24 February 2010.

Directors’ Responsibilities

The Directors are responsible for the preparation and presentationof the Key Information Summary in accordance with the Order.

Auditor’s Responsibilities

In accordance with the Order, we are responsible for examining the
Key Information Summary presented by the Directors for compliancewith the Order, and reporting our findings to you.

Basis of Report

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information
contained in the General Short Form Disclosure Statement for
the three months ended 31 December 2009.

Unqualified Statement of Findings

Based on our examination of the Key Information Summary, we reportthat:• the Key Information Summary has been prepared in accordance with
the Order; and• the information contained in the Key Information Summary has been
properly extracted, where applicable, from the information containedin the General Short Form Disclosure Statement for the three months
ended 31 December 2009.
For a better understanding of the scope of our examination ofAustralia and New Zealand Banking Group Limited – New Zealand
Branch’s General Short Form Disclosure Statement, and of the balance
sheet of the NZ Banking Group as at 31 December 2009 and the resultsof its operations and cash flows for the three months ended on thatdate, this report should be read in conjunction with the General ShortForm Disclosure Statement for the three months ended 31 December
2009 from which the information in the Key Information Summary was
extracted and our independent review report thereon.
Our review was completed on 24 February 2010 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

Introductory information

Key Information Summary
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED– NEW ZEALAND BRANCH
For the three months ended 31 December 2009
Number 5 Issued February 2010

• The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
• The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
• In this Key Information Summary, reference is made to thefollowing:•“Overseas Banking Group” refers to the worldwide
operations of Australia and New Zealand Banking Group
Limited including its controlled entities;•“Overseas Bank” or “Ultimate Parent Bank” refers to theworldwide operations of Australia and New Zealand
Banking Group Limited excluding its controlled entities;•“NZ Banking Group” refers to the aggregated New
Zealand operations of Australia and New Zealand
Banking Group Limited, including those operations
conducted through the NZ Branch and controlled
entities of the Overseas Bank registered in New Zealand;•“NZ Branch” or “Registered Bank” refers to the New Zealandoperations of the Overseas Bank, as conducted throughthe NZ Branch.

Corporate information• The full name of the Overseas Bank is Australia and New Zealand
Banking Group Limited. Australia and New Zealand Banking
Group Limited is a company registered and domiciled in
Victoria, Australia.

Key Information Summary for the threemonths ended 31 December 2009
Credit rating• The Overseas Bank has three current credit ratings, issued
by Standard and Poor’s, Moody’s Investors Service and Fitch
Ratings, which are applicable to its long term senior unsecured
obligations, including obligations payable in New Zealand in
New Zealand dollars.
• During the two-year period ended 31 December 2009, theStandard and Poor’s credit rating and qualification remainedat AA and Outlook Stable.
• During the two-year period ended 31 December 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa1. On 2 March 2009 the Outlook changed
from Stable to Negative.
• During the two-year period ended 31 December 2009, theFitch Ratings credit rating and qualification remained at AAand Outlook Stable. Fitch Ratings were formally engaged by
the Overseas Bank on 18 March 2008 to provide credit rating
services. Previously Fitch Ratings had rated the Overseas Bankon an unsolicited basis as AA-.

Government Guarantees• The Overseas Bank has a guarantee under the Financial Claims
Scheme (“FCS”). This scheme provides for an Australian
government guarantee of “protected accounts” up to A$1million
in the winding up of the Overseas Bank. In addition, certain
deposits of the Overseas Bank are guaranteed for amounts
over A$1million, and certain wholesale term funding liabilitiesof the Overseas Bank are guaranteed under the AustralianGovernment Guarantee Scheme for Large Deposits andWholesale Funding (“Wholesale Funding Guarantee”). Both the
FCS and Wholesale Funding Guarantee apply to the Registered
Bank, as a branch of the Overseas Bank. Further information
about the FCS is available from the Australian Treasury
www.treasury.gov.au. Further information about the Wholesale
Guarantee Scheme is available from the Australian Government
www.guaranteescheme.gov.au. Additional information on eachguarantee scheme is available in the NZ Branch’s most recent
General Short Form Disclosure Statement and Supplemental
Disclosure Statement.
• The NZ Branch does not have a guarantee under the
New Zealand Deposit Guarantee Scheme or the New Zealand
Wholesale Funding Guarantee Facility as at 24 February 2010.

Australia and New Zealand Banking
Group Limited – New Zealand Branch

Independent Examination Report to the Directorsof Australia and New Zealand Banking Group Limited– New Zealand Branch

Key Information Summary for the threemonths ended 31 December 2009

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted
from the General Short Form Disclosure Statement of Australia and
New Zealand Banking Group Limited – New Zealand Branch and its
related entities (the “NZ Banking Group”) for the three months ended
31 December 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Off-Quarter – Overseas Incorporated Registered
Banks) Order 2008 (the “Order”).
We have reviewed the interim financial statements and certain
supplementary information contained within the General Short Form
Disclosure Statement for the three months ended 31 December 2009, on
which we issued an unqualified review opinion dated 24 February 2010.

Directors’ Responsibilities

The Directors are responsible for the preparation and presentationof the Key Information Summary in accordance with the Order.

Auditor’s Responsibilities

In accordance with the Order, we are responsible for examining the
Key Information Summary presented by the Directors for compliancewith the Order, and reporting our findings to you.

Basis of Report

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information
contained in the General Short Form Disclosure Statement for
the three months ended 31 December 2009.

Unqualified Statement of Findings

Based on our examination of the Key Information Summary, we reportthat:• the Key Information Summary has been prepared in accordance with
the Order; and• the information contained in the Key Information Summary has been
properly extracted, where applicable, from the information containedin the General Short Form Disclosure Statement for the three months
ended 31 December 2009.
For a better understanding of the scope of our examination ofAustralia and New Zealand Banking Group Limited – New Zealand
Branch’s General Short Form Disclosure Statement, and of the balance
sheet of the NZ Banking Group as at 31 December 2009 and the resultsof its operations and cash flows for the three months ended on thatdate, this report should be read in conjunction with the General ShortForm Disclosure Statement for the three months ended 31 December
2009 from which the information in the Key Information Summary was
extracted and our independent review report thereon.
Our review was completed on 24 February 2010 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

Introductory information

Key Information Summary
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED– NEW ZEALAND BRANCH
For the three months ended 31 December 2009
Number 5 Issued February 2010

• The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
• The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
• In this Key Information Summary, reference is made to thefollowing:•“Overseas Banking Group” refers to the worldwide
operations of Australia and New Zealand Banking Group
Limited including its controlled entities;•“Overseas Bank” or “Ultimate Parent Bank” refers to theworldwide operations of Australia and New Zealand
Banking Group Limited excluding its controlled entities;•“NZ Banking Group” refers to the aggregated New
Zealand operations of Australia and New Zealand
Banking Group Limited, including those operations
conducted through the NZ Branch and controlled
entities of the Overseas Bank registered in New Zealand;•“NZ Branch” or “Registered Bank” refers to the New Zealandoperations of the Overseas Bank, as conducted throughthe NZ Branch.

Corporate information• The full name of the Overseas Bank is Australia and New Zealand
Banking Group Limited. Australia and New Zealand Banking
Group Limited is a company registered and domiciled in
Victoria, Australia.