Announcement of Buy-Back

Document date:  Wed 10 Nov 1999
Published:  Wed 10 Nov 1999 00:00:00
Document No:  154856
Document part:  A
Market Flag:  Y
Classification:  

HOMEX - Melbourne                                                     

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                             APPENDIX 3C
                       ANNOUNCEMENT OF BUY-BACK
                   (EXCEPT MINIMUM HOLDING BUY-BACK)

Name of Entity
Australia & New Zealand Banking Group Limited   

ACN or ARBN
005 357 522

We (the entity) give ASX the following information.


INFORMATION ABOUT BUY-BACK

1. Type of buy-back                On market

2. Class of shares which is        Ordinary
   subject of the buy back                                            
   (eg, ordinary/preference)                                          

3. Voting rights                   One for one
   (eg, one for one)                                                  

4. Fully paid/partly paid (and     Fully paid
   if partly paid, details of                                         
   how much has been paid and                                         
   how much is outstanding)                                           



6. Whether shareholder approval    No
   is required for buy-back                                           

7. Reason for buy-back             Capital management
 
8. Any other information           No
   material to a shareholder's                                        
   decision whether to accept                                         
   the offer (eg, details of                                          
   any proposed take-over offer                                       
   or announcement)                                                   

ON-MARKET BUY-BACK

 

9. Name of broker who will act     ABN Amro Equities Australia Limited
   on the company's behalf         and Deutsche Securities Australia
                                   Limited

10.Name of each director and       No
   related party of a director                                        
   who reserves the right to                                          
   sell shares, and number of                                         
   shares in respect of which                                         
   that director or related                                           
   party reserves the right                                           

   of shares - that number                                            
                                                                      
   Note: This requires a figure                                       
   to be included, not a                                              
   percentage.                                                        

12.If the company intends to       During the period commencing
   of time; if the company                                            
   intends that the buy-back                                          
   be of unlimited duration                                           
   - that intention                                                   

13.If the company intends to       Nil
   buy back shares if conditions                                      
   are met - those conditions                                         


EMPLOYEE SHARE SCHEME BUY-BACK

Items 14 to 15 are Not Applicable


SELECTIVE BUY-BACK

Items 16 to 18 are Not Applicable


EQUAL ACCESS SCHEME

Items 19 to 22 are Not Applicable


COMPLIANCE STATEMENT

1. The company is in compliance with all Corporations Law requirements
   relevant to this buy-back.

2. There is no information that the listing rules require to be 
   disclosed that has not already been disclosed, or is not contained 
   in, or attached to, this form.

J Slatter
COMPANY SECRETARY
03/11/1999




AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
FORM 281
INTENTION TO CARRY OUT A SHARE BUY-BACK

Company Name Australia & New Zealand Banking Group Limited
      A.C.N. 005 357 522          

TYPE OF SHARE BUY-BACK       BUY BACK DETAILS

Tick the appropriate box     Fill in details for the type 
                             of buy back selected

  Employee Share Scheme      proposed date for buy back 
  within 10/12 limit         agreement to be entered into
                             or on about  

  Employee Share Scheme      proposed date for buy back 
  over 10/12 limit           agreement to be entered into
                             on or about   AND the 
                             resolution to approve the buy
                             back is proposed to be passed
                             on or about  

x On-Market                  period of buy back 18/11/1999
  On-Market                  period of buy back   
  over 10/12 limit           to   AND the resolution
                             to approve the buy back is 
                             proposed to be passed on or 
                             about  

  Equal Access Buy Back      proposed date for buy back 
  within 10/12 limit         agreement to be entered into
                             on or about  

  Equal Access Buy Back      proposed date for buy back
  over 10/12 limit           agreement to be entered into
                             on or about   AND the
                             resolution to approve the buy
                             back is proposed to be passed
                             on or about  

  Selective buy back         proposed date for buy back
                             agreement to be entered into
                             on or about   AND the
                             resolution to approve the buy
                             back is proposed to be passed
                             on or about  

J Slatter 
COMPANY SECRETARY
03/11/1999

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