Instalment Warrant Report - NABIAA

Document date:  Tue 22 May 2001
Published:  Tue 22 May 2001 17:57:27
Document No:  176835
Document part:  A
Market Flag:  N
Classification:  Structured Products Issuer Report 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2001-05-22  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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Australia and New Banking Group Limited as issuer of Instalment
Warrants over ordinary shares in National Australia Bank Ltd (NAB)
under an Offering Circular dated 10 May 2001 (ASX Code NABIAA),
announces that the record time for the entitlements to the $0.67,
fully franked distribution for the NABIAA Warrants is 15 June 2001.
This record time coincides with the record date for the NAB ordinary
share dividend.

The NABIAA Warrants will commence trading ex-distribution on 8 June
2001. This coincides with the ex-dividend date for the NAB ordinary
shares.

The Security Trustee will cause the dividends to be distributed to
Holders of NABIAA as soon as possible after receipt in the form of
cleared funds.

Defined terms used in this announcement have the meanings given to
them in the Offering Circular dated 10 May 2001.

J Koeppenkastrop
HEAD OF ANZ EQUITY DERIVATIVES