The Interest Payment Date falling in or nearest to June 2034 and each Interest Payment Date thereafter up to but excluding the Maturity Date. Early redemption of Subordinated MTNs is subject to the prior written approval of APRA and to further requirements with respect to regulatory capital replacement (subject to income sustainability) or regulatory confirmation of the Issuer’s capital position.

Holders of Subordinated MTNs should not expect that APRA’s approval will be given for any early redemption of Subordinated MTNs.

The first Issuer Call date shall not be less than 5 years from the Issue Date.

First Call Date: 06 June 2034

Early Redemption for tax and regulatory reasons:

Subject to the prior written approval of APRA, the Subordinated MTNs may be redeemed before the Maturity Date for certain tax and regulatory reasons at par plus accrued interest. Holders should not expect that APRA’s approval will be given for any early redemption of Subordinated MTNs. Holders have no right to request redemption before the Maturity date.

For the purpose of this Condition 12.4 (“Early redemption of Subordinated MTNs for regulatory reasons”), “Regulatory Event” means a determination by the Directors of the Issuer, having received:

(i) an opinion from a reputable legal counsel that, as a result of any amendment to, clarification of or change (including any announcement of any change that will be introduced) in any law or regulation of the Commonwealth of Australia or any political subdivision thereof or any authority thereof or therein, or any official administrative pronouncement or action or judicial decision interpreting such laws or regulations, or any direction, order, standard, requirement, guideline or statement of APRA (whether or not having the force of law), in each case which amendment, clarification or change is effective, or pronouncement, action or decision is approved, after the Issue Date; or

(ii) a written statement from APRA after the Issue Date,

that the Issuer is not or will not be entitled to treat all of the Subordinated MTNs as Tier 2 Capital, which event the Issuer did not expect as at the Issue Date of that Subordinated MTN (including where Subordinated MTNs are issued as a Tranche consolidated with an existing Series, as at the date of issue of that Tranche).