CMLWAB series of call warrants supplementary offering circ.

Document date:  Fri 05 Jan 2001
Published:  Fri 05 Jan 2001 09:09:10
Document No:  171909
Document part:  A
Market Flag:  N
Classification:  Structured Products Issuer Report 

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2001-01-05  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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Australia and New Zealand Banking Group Limited (ANZ) has made the
following change to the CMLWAB Series of warrants (Warrants)
effective 5 January 2001:

CMLWAB     Exercise Price (per Underlying Security):   $7.00

This is a Supplementary Offering Circular to the Offering Circular
dated 28 November 2000 issued by ANZ (ABN 11 005 357 522 as Warrant
Issuer and ANZ Securities Limited ACN 004 997 111 (ANZ Securities) as
Broker to the Issue. There were no holders of the Warrants other than
ANZ or its associates at the time of the change. No other term of the
Warrants was varied and no other part of the Offering Circular is
affected.

No other circumstance has arisen and no other information has become
available since the date of the Offering Circular that should
materially affect an investor's assessment of the risks, rights and
obligations associated with the Warrants or the capacity of the
Issuer to honour and to perform its obligations in respect of the
Warrants.

Copies of the Offering Circular and the Supplementary Offering
Circular may be obtained from ANZ Securities by calling 1800 337 358.

This Supplementary Offering Circular is issued for the purposes of
the ASX Business Rules. Unless the context otherwise requires,
interpretation rules applying to the Offering Circular apply in this
Supplementary Offering Circular. This is not a disclosure document
registered or lodged under Part 6D of the Corporations Law and
Australian Stock Exchange Limited and Australian Securities and
Investments Commission take no responsibility for its contents. AMP
Limited has had no involvement in the preparation and issue of this
Supplementary Offering Circular. ANZ Securities engages in market
making activities in relation to the Warrants and is responsible for
managing the hedging strategies of its associate, ANZ. For these
purposes, a related body corporate beneficially owns all of the
Warrants not held by investors. The number of Warrants held
necessarily fluctuates from time to time. In managing the hedging
strategies, ANZ Securities may deal in shares the subject of Warrants
or any derivative of those shares.

Potential investors should always seek expert independent advice
relating to their own financial situation and objectives before
investing in warrants.

J Koeppenkastrop            G Miller
WITNESS                     ATTORNEY