Update on AMMB Holdings

• The impact on ANZ’s CET1 capital position will be neutral given its investments in associates are already a full deduction to capital.
• The financial impact on ANZ (A$212m^[2]) will be recorded as part of the equity accounted earnings from AmBank at 1H21.
• This will reduce the carrying value of ANZ’s interest in AmBank from ~$1.050bn to ~$850m.

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^{[1] ANZ acquired its original stake in AMMB Holdings Berhad in May 2007 and currently holds a 24% ownership interest.} 

^{[2] The $212m is not impacted by taxation}