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• Ordinary Shares
• New Zealand Branch Register
• Dividend Payment History
• Dividend Reinvestment Plan

Ordinary Shares
Westpac pays dividends twice each year, in July and December. The scheduled dates for upcoming dividends are included in our financial calendar.

Holders of shares traded on the Australian Stock Exchange Limited may elect, by written notification to the Share Registry in Sydney, to:

• Receive their Westpac ordinary share dividends by cheque or by direct credit to an account with Westpac or any other bank in Australia, New Zealand, or the United Kingdom, or with any building society or credit union in Australia. Any change to direct credit details should be notified to the Share Registry in Sydney promptly, in writing; or

• If they are resident in, or their address on the register of shareholders is in, Australia or New Zealand, have the dividends on some or all of their ordinary shares automatically reinvested in additional shares by participating in the Dividend Reinvestment Plan.

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New Zealand Branch Register
Shareholders may elect, by written notification to the New Zealand branch Share Registry Link Market Services, to receive their dividends by:

• Direct credit in NZ dollars to a nominated account with Westpac New Zealand, or to any other bank or financial institution in New Zealand; or

• Direct credit in Australian dollars to a nominated account with Westpac Australia or any other bank or financial institution in Australia; or

• Participation - full or partial - in the Dividend Reinvestment Plan (DRP). The DRP option is available to shareholders with a registered address in Australia or New Zealand. To participate, please contact Link Market Services; or

• If you received your NZ Class share dividend by cheque, you will continue to receive a cheque in NZ dollars. This option is not recommended as it may delay the receipt of the dividend and increase the risk of loss or fraud. If you received your NZ Class share dividend by cheque and wish to change to Direct Credit, or have recently changed your bank account, please contact Link Market Services.

• Changes to New Zealand's tax laws mean that with effect from 1 April 2007 dividends do not have RWT deducted. Accordingly, for the dividend paid on 2 July 2007 (and subsequent dividends) NZ resident shareholders received the gross dividend and they will need to settle the tax liability on the dividend separately. If the shareholder is a provisional tax payer they may wish to consider whether their provisional tax payments are adequate in relation to dividends.

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Dividend Payment History

Dividends paid on Westpac ordinary shares			Prices paid on shares
Payment date	Rate	Franking level	DRP*	DBP**
02/07/2008	70 cents	Fully franked @ 30%	$22.42	n/a
18/12/2007	68 cents	Fully franked @ 30%	$27.53	n/a
02/07/2007	63 cents	Fully franked @ 30%	$26.15	n/a
13/12/2006	60 cents	Fully franked @ 30%	$24.05	n/a
03/07/2006	56 cents	Fully franked @ 30%	$22.38	n/a
14/12/2005	51 cents	Fully franked @ 30%	$22.22	n/a
01/07/2005	49 cents	Fully franked @ 30%	$19.37	n/a
15/12/2004	44 cents	Fully franked @ 30%	$18.37	n/a
02/07/2004	42 cents	Fully franked @ 30%	$16.97	n/a
19/12/2003	40 cents	Fully franked @ 30%	$15.66	n/a
04/07/2003	38 cents	Fully franked @ 30%	$16.27	n/a
20/12/2002	36 cents	Fully franked @ 30%	$13.95	n/a
05/07/2002	34 cents	Fully franked @ 30%	$16.52	n/a
21/12/2001	32 cents	Fully franked @ 30%	$15.37	n/a
06/07/2001	30 cents	Fully franked @ 30%	$13.94	n/a
02/01/2001	28 cents	Fully franked @ 34%	$13.92	n/a
07/07/2000	26 cents	Fully franked @ 34%	$12.16	n/a
04/01/2000	24 cents	Unfranked	$10.66	n/a
02/07/1999	23 cents	Fully franked @ 36%	$10.28	n/a
04/01/1999	22 cents	Fully franked @ 36%	$10.28	n/a
03/07/1998	21 cents	Fully franked @ 36%	$9.67	n/a
05/01/1998	20 cents	Fully franked @ 36%	n/a	n/a
04/07/1997	19 cents	Fully franked @ 36%	n/a	n/a
28/01/1997	17 cents	Fully franked @ 36%	n/a	n/a
05/07/1996	16 cents	Fully franked @ 36%	n/a	n/a
31/01/1996	15 cents	Fully franked @ 36%	n/a	n/a
07/07/1995	13 cents	Unfranked	n/a	n/a
24/01/1995	10 cents	Unfranked	n/a	n/a
04/07/1994	8 cents	Unfranked	$4.11	$4.11
24/01/1994	6 cents	Unfranked	$4.27	$4.27
08/07/1993	6 cents	Fully franked @ 39%	$3.43	$3.43
22/01/1993	6 cents	Fully franked @ 39%	$2.96	$2.96
09/07/1992	12 cents	Fully franked @ 39%	$3.05	$3.05
30/01/1992	12.5 cents	Fully franked @ 39%	$4.03	$4.03
05/07/1991	15 cents	Fully franked @ 39%	$4.16	$4.16
24/01/1991	27.5 cents	Fully franked @ 39%	$3.08	$3.08
06/07/1990	25 cents	Fully franked @ 39%	$4.28	$4.28
25/01/1990	27.5 cents	Fully franked @ 39%	$5.05	$5.05
07/07/1989	18 cents	Fully franked @ 39%	$4.50	$4.50
26/06/1989	7 cents	Fully franked @ 49%	$4.50	$4.50
27/01/1989	28 cents	Fully franked @ 49%	$4.89	$4.89
01/07/1988	15 cents	Fully franked @ 49%	$6.18	n/a
29/01/1988	14.5 cents	Fully franked @ 49%	$4.38	n/a
03/07/1987	14 cents	Fully franked @ 49%	$4.71	n/a
30/01/1987	14 cents	Fully franked @ 49%	$4.59	n/a
01/07/1986	14 cents	n/a	$4.54	n/a
31/01/1986	14 cents	n/a	$4.33	n/a
05/07/1985	13 cents	n/a	$3.77	n/a
25/01/1985	13 cents	n/a	$3.24	n/a
06/07/1984	13 cents	n/a	$3.26	n/a
21/01/1984	13 cents	n/a	n/a	n/a
14/07/1983	12 cents	n/a	n/a	n/a

* DRP = Dividend Reinvestment Plan was terminated in 1994 and was re-established in 1998. Shares issued under the DRP are allotted or transferred to you at a price calculated as the arithmetic average of the daily volume weighted average market price per Westpac share of all shares traded over the pricing period. The pricing period is the ten trading days (or such other period as the Westpac Board determines and announces to the ASX) commencing two trading days after the after the Record Date.
** DBP = Dividend Bonus Plan was terminated in 1994

For more details please contact our Share Registry.

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