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ANZ to withdraw from Futures operation

Document date:  Thu 30 Nov 2000
Published:  Thu 30 Nov 2000 13:40:40
Document No:  170747
Document part:  A
Market Flag:  Y
Classification:  Other

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-11-30  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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ANZ today announced plans to withdraw from its client futures
execution and clearing operation, ANZ Futures.

ANZ's strategy of specialisation, eTransformation and growth involves
focusing on those areas where ANZ has or can develop distinctive
capabilities.

The decision will complete withdrawal from several small residual
activities following the sale of ANZ's retail stockbroking business
to Salomon Smith Barney announced in September 1999. These include
the sale of ANZ's share in its equity clearing services joint
venture, ANZ MeesPierson Clearing Services, to its joint venture
partner earlier this year.

For media enquiries, contact:

 Paul Edwards
 HEAD OF GROUP MEDIA RELATIONS
 Tel 03 9273 6955 or
     0409 655 550
 Email edwardp12@anz.com