ANZ National Bank Limited
Key Information Summary for the nine months
ended 30 June 2010
Government Guarantees· The Bank has guarantees under the:· New Zealand Deposit Guarantee Scheme, which
was provided under a Deed entered into by theBank and the Crown on 18 December 2009(“Crown Retail Guarantee”); and· New Zealand Wholesale Funding Facility, which isprovided under a Deed entered into by the Bankand the Crown on 23 December 2008 andsupplemented on 19 February 2009 (“CrownWholesale Guarantee”).
· Further information about the Crown Retail Guarantee
and Crown Wholesale Guarantee is available on theTreasury website www.treasury.govt.nz and in theBank’s most recent General Short Form DisclosureStatement and Supplemental Disclosure Statement.

ANZ National Bank Limited
Independent Examination Report to the Directors ofANZ National Bank Limited

Key Information Summary for the nine months ended
30 June 2010

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 ANZ National
Bank Limited and its subsidiaries (the “Banking Group”) for the ninemonths ended 30 June 2010 prepared in accordance with theRegistered Bank Disclosure Statement (Off-Quarter – New Zealand
Incorporated Registered Banks) Order 2008 (the “Order”).

Introductory information· The purpose of this Key Information Summary is toprovide customers and potential customers withinformation about the financial condition of their bank.
· The information contained in the Key Information
Summary is explained in the Reserve Bank publication“Your Bank’s Disclosure Statement - What’s In It ForYou?”. This publication can be obtained from theReserve Bank.

We have reviewed the interim financial statements and certain
supplementary information contained within the General Short FormDisclosure Statement for the nine months ended 30 June 2010 on
which we issued an unqualified review opinion dated 13 August 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 theKey Information Summary presented by the Directors forcompliance with 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 DisclosureStatement for the nine months ended 30 June 2010.
Unqualified Statement of Findings
Based on our examination of the Key Information Summary, we
report that:· the Key Information Summary has been prepared in accordancewith the Order; and· the information contained in the Key Information Summary has
been properly extracted, where applicable, from the information
contained in the General Short Form Disclosure Statement for thenine months ended 30 June 2010.
For a better understanding of the scope of our examination of ANZ
National Bank Limited’s General Short Form Disclosure Statement,
and of the balance sheet of the Banking Group as at 30 June 2010
and the results of their operations and cash flows for the ninemonths ended on that date, this report should be read in
conjunction with the General Short Form Disclosure Statement for
the nine months ended 30 June 2010 from which the information in
the Key Information Summary was extracted and our independent
review report thereon.
Our review was completed on 13 August 2010 and our unqualifiedstatement of findings is expressed as at that date.

Wellington

Key Information Summary
ANZ NATIONAL BANK LIMITEDFor the nine months ended 30 June 2010
Number 58 Issued August 2010

Corporate information· The full name of the registered bank is ANZ NationalBank Limited (the “Bank”).
· The full name of the ultimate parent bank of the Bankis Australia and New Zealand Banking Group Limited,which is domiciled in Australia.
Credit Rating
The Bank has three current credit ratings, which areapplicable to its long-term senior unsecured obligations
which are payable in New Zealand in New Zealanddollars. The credit ratings are:Rating Agency

Current Credit
Rating

Qualification

Standard & Poor’s

AA

Outlook Stable

Moody’s InvestorsServiceAa2

Outlook Stable

Fitch Ratings

AA-Outlook Positive

On 20 May 2010, Fitch changed the outlook on the Bankfrom Stable to Positive. During the two year period
ended 30 June 2010 there were no other changes to theBank’s credit ratings or qualifications.

ANZ National Bank Limited

ANZ National Bank Limited

Key Information Summary for the nine months ended 30 June 2010

Key Information Summary for the nine months ended 30 June 2010
Peak credit exposure concentrations – for the quarter ended 30 JuneCONSOLIDATED
Unaudited
30/06/2010

Unaudited
30/06/2009· Net profit after tax for the nine months ended 30 June ($m)

610561· Net profit after tax for the year ended 30 June as a percentage of average total assets

0.3%

0.6%

Profitability

Size – as at 30 JuneCONSOLIDATED
Unaudited
30/06/2010

Unaudited
30/06/2009

1

110% to 20% of equity
113,258

121,896(7.1)%

6.1%· Tier One Capital as a percentage of risk weighted exposures

10.1%

9.1%

· Reserve Bank of New Zealand minimum Tier One Capital ratio

4.0%· Total Capital as a percentage of risk weighted exposures· Reserve Bank of New Zealand minimum Total Capital ratio· Total assets ($m)· The percentage increase / (decrease) in total assets from 1 July to 30 June

The number of individual counterparties (excluding banks or groups of closely related counterparties of which a bank is the parent, connected
persons, and the central government of any country with a long-term credit rating of A-/A3 or above, or its equivalent) where the peak end-of-day
credit exposures equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis of counterparty limits, is:Capital Adequacy – as at 30 June

The number of bank counterparties or groups of closely related counterparties of which a bank is the parent (excluding connected persons) where
the peak end-of-day credit exposures equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis ofactual counterparty exposures, is:

10% to 20% of equity

214.0%

20% to 30% of equity

-2

13.5%

12.9%

There were no individual provisions on the exposures included in the disclosures above. No account is taken of security and/or guarantees which
the Bank may hold in respect of the various counterparty limits and exposures.

8.0%

8.0%

· Total impaired assets ($m)

1,801

871

· Total impaired assets as a percentage of total assets

1.6%

0.7%

· Total individual provisions ($m)

619

403

34.4%

46.3%

843

631

Peak connected persons credit exposures – for the quarter ended 30 June

Asset Quality – as at 30 June

· Total individual provisions as a percentage of total impaired assets· Total collective provisions ($m)
· Non-financial assets acquired through enforcement of security ($m)--CONSOLIDATED
Unaudited 30/06/2010

Unaudited 30/06/2009

Amount$m% of Tier
One Capital

Amount$m% of Tier
One Capital· On a gross basis

4,579

65.0%

5,514

82.9%

· On a netted basis

3,518

49.9%

3,154

47.4%

1,061

15.0%

2,360

35.5%

The peak end-of-day aggregate credit exposures to connected persons were:· On a partial bilateral net basis

1There were no individual provisions on exposures to connected persons and the information stated above excludes exposures of a capitalnature. The Bank and its subsidiaries have complied with the limits on aggregate credit exposures to connected persons and non-bankconnected persons, as set out in the Bank’s Conditions of Registration, at all times during the quarter and comparative quarter.
1. Netting has occurred in respect of certain transactions which are the subject of a bilateral netting agreement disclosed in the Bank’s most recent Supplemental Disclosure Statement for the ninemonths ended 30 June 2010.

Availability of Disclosure Statements
Copies of ANZ National Bank Limited’s most recent General Short Form Disclosure Statement and Supplemental Disclosure Statement will be
provided at no charge immediately to any person requesting a copy where the request is made at ANZ National Bank Limited’s head office, Level6, 1 Victoria Street, Wellington; and within five working days where the request is made at any branch or agency of ANZ National Bank Limited.
This Key Information Summary, the most recent General Disclosure Statement and Supplemental Disclosure Statement can be accessed at thewebsite address www.anz.com.