WestpaBc ankinCg orporation FulYl ea2r01F6inanciaRl esulStnapshot Adll at asa3t 0Septembe2r 016unlessotherwisestatedA. all mountsareinAustraliandollars. %Mov’t FY16– FY15 %Mov’t 2H16– 1H16 FinanciaRl esults FY16 FY15 2H16 1H16 Nept rofiat ftetrax $7,445m $8,012m (7) $3,744m $3,701m 1 Neot peratingincome $20,985m $21,642m (3) $10,512m $10,473m - Neitnteresmt argin 2.10% 2.09% 1bp 2.11% 2.09% 2bps Expensetoincomeratio 43.9% 43.8% 15bps 44.2% 43.6% 61bps Returnonaverageordinaryequity 13.3% 16.2% (291bps) 13.2% 13.4% (18bps) Impairmencthargestoaverageloansannualised 17bps 12bps 5bps 14bps 21bps (7bps) Grossimpairedassetstogrossloans 0.32% 0.30% 2bps 0.32% 0.39% (7bps) FocusonAustralia&NewZealand Soundfinanciapl erformance Revenuebygeography(%) Neltoans(%) Pre-provisionprofi(t$bn) NPAT($bn) 2 2 Australia HousingAustralia BusinessAustralia OtheAr ustralia NewZealand OtheOr verseas 6.6 3 5.9 5.9 5.8 11 11 5.6 5.6 5.5 New Zealand Other 5.3 4.4 3.9 3.7 3.7 23 3.6 3.6 3.5 3.3 61 87 1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16 • FollowingAPRA’sannouncementthat mortgageriskweightedasse(tRWA) methodologywouldchangein2016, Westpacraised$3.5bnocf apitailn1H16 • ThisawtheCET1capitarlatioincrease from9.5%to10.5%a3t 1March2016 • FollowingAPRA’srevisiontomortgage RWAcalculationson1July2016t,he CET1capitarlatioreduced110bps • Thischangecombinedwithother movementsawtheCET1capitarlatio reduceby99bpsto9.5%in2H16 CommonequityTie1(rCET1c)apitarlatio 1 9.5% 10.5% 9.5% AdditionaTl ie1cr apital 1 1.7% 1.6% 1.9% 1 Tie1cr apitarlatio 11.2% 12.1% 11.4% Tie2cr apital 1 1.9% 1.9% 1.9% Riskweightedassets 1 $410bn $363bn $359bn Leverageratio 1 5.2% 5.0% 4.8% LiquidityCoverageRatio 2 134% 127% 121% EstimatedNeSt tableFundingRatio 3 >100% n/a n/a Fundingfocusedonstablesources Asseqt ualitysound Grossimpairedloanstogrossloans(%) Australianmortgagesperformingwell 90+daysdelinquencies(%) Fundingcomposition(%) 2.0 0.82 Customedr eposits 0.67 1.5 15 4 Equity 0.51 1.0 0.66 0.40 0.39 15 0.35 0.32 Securitisation 0.30 61 0.5 8 Wholesalefunding>1yr - 1 Wholesalefunding<1yr Notes1A. PRABaseIlIbI asis2L. iquidityCoverageRatio(LCRc) alculatedonaspboat sisi,ncludingtheCommittedLiquidity FacilityapprovedbyAPRAo$f 58.6billionfocralendayr ear AvailablefoSr aleSecuritiesandCashFlowHedging 2016and$66.0billionfocralendayr ea2r 0153. Basedoncurrent Reserve. APRAguidance4E. quityexcludesforeigncurrencytranslation, 1 We| stpacBankingCorporatiownww.westpac.com.au/investorcentroeBr loombergWBCT 1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 Sep-16 Totarlegulatorycapitarlatio 1 13.1% 14.0% 13.3% Capitalf,undingandliquidityratios Sep-16 Mar-16 Sep-15

WestpaBc ankinCg orporation Australia’FsirsBt ank AbouWt estpac • Westpacisoneotfhefoumr ajobr ankingorganisationsinAustraliaandoneotfhe largesbt ankingorganisationsinNewZealand • Foundedin1817W, estpacwasthefirsbt ankestablishedinAustraliaT. oday, WestpacisAustralia’s2ndlargesbt ankwithamarkectapitalisationof A$99billionandtotaal ssetsoAf $839billionasa3t 0Septembe2r 016 • WestpacisfocusedonitscoremarketsoAf ustraliaandNewZealandp, rovidinga comprehensiverangeoffinanciapl roductsandservicesincludingconsumer, businessandinstitutionabl ankingandwealthmanagemenst ervices • Withastrongpositioninouhr omemarketsa, ndove1r 3millioncustomers, Westpacfocusesonorganicgrowthg, rowingcustomenr umbersinoucr hosen segmentsandbuildingstrongear nddeepecr ustomerrelationships • AkeyelemenotWf estpac’sapproachisoupr ortfoliooffinanciaslervicesbrands, whichenablesustoappeatloabroaderrangeocf ustomersa, ndprovidesuswith thestrategicflexibilitytooffesr olutionsthabt ettemr eeitndividuaclustomenr eeds • Westpachasalsomaintainedthestrengthoiftsfinanciapl ositionl,iftingthelevel andqualityoof ucrapitali,mprovingoufrundingandliquiditypositionand maintainingahighleveolaf sseqt ualityandprovisioning • Westpaciscurrentlyoneotfhemoset fficienbt anksgloballya, smeasuredbythe costtoincomeratio Uniqueportfolioobf rands Westpac NZ WIB Australianretaibl ankinglargest contributorstoGroupNPAT FY16NPATbyoperatingdivision(%) ConsumeBr ank 11 BusinessBank 38 15 BTFinanciaGl roup 11 WestpacInstitutional Bank WestpacNewZealand CrediRt atings FitchRatings Moody’sInvestorsService StandardandPoor’s Asecuritiesratingisnoartecommendationtobuys, e withdrawaalat nytime Wholesalefundingcapabilities 27 AA-S/ tablFe/ 1+ AaN2/ egativPe/ -1 AA-N/ egativAe/ -1+ lolhr oldsecuritiesandmaybesubjecttorevisionor Addsto102%asexcludesGroupBusinessunictontribution o-f2%inFY1G6.roupBusinessunincludesTreasuryand supporftunctions. • IncludePrimefloatersF, ederaFl undsE, xtendiblesS, tep-upsR, angeaccrualsC, DsC, PandFlippers Shortterm markets • Seniour nsecureds, ecuritisationandcoveredbondformat, aswelal subordinateddebt • OnlyAustralianmajobr anktobeSECregistered • WestpacalsomaintainsitsabilitytoissueinUS144Aformat Termmarkets Issuance currencies • IncludeAUDC, ADC, HFC, NHE, URG, BPH, KDJ,PYN, OK, NZDS, GDT, RYandUSD Disclaimer The material contained in this presentation is intended to be general background information on Westpac Banking Corporation (“Westpac”) and its activities. The information is supplied in summary form and is therefore not necessarily complete and is qualified in its entirety by Westpac’s most recent U.S. full-year and half-year reports available at http://www.sec.gov. It is not intended that it be relied upon as advice to investors or potential investors, who should consider seeking independent professional advice depending upon their specific investment objectives, financial situation or particular needs. The material contained in this presentation may include information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. All amounts are in Australian dollars unless otherwise indicated. Westpac has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering from time to time of its securities. Before you invest, you should read the prospectus in that registration statement and other documents Westpac has filed with the SEC for more complete information about Westpac and any offering of such securities. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Westpac will arrange to send you the prospectus if you request it by calling +1 212 551 1800. Contacut s: WestpacGlobaFl unding globalfunding@westpac.com.auo+r 61282042777 2 We| stpacBankingCorporatiownww.westpac.com.au/investorcentroeBr loombergWBCT Balancesheet a3t 0Septembe2r 016 ($bn) Totaal ssets 839.2 Loans 661.9 Totahl ousingloansAustralia 404.2 Depositsandothebr orrowings 513.1 Customedr eposits 466.6 Equity 58.2