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Adjustment for WPL Special Dividend

Document date:  Thu 23 Aug 2001
Published:  Thu 23 Aug 2001 20:34:19
Document No:  180156
Document part:  A
Market Flag:  N
Classification:  Structured Products Issuer Report

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2001-08-23  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited confirms its WPLWAB
Series of American Call Warrants over Ordinary Shares in Woodside
Petroleum Limited (WPL), issued by it under the Offering Circular
dated 12 June 2001, has been adjusted to take account of the recently
announced special dividend involving WPL shares.

The revised Required Number of Warrants is now 3.97

The revised Exercise Price is now $15.89

The adjustment will take affect on the commencement of normal trading
on the ex-date being 24 August 2001.

G Miller
MANAGING DIRECTOR ANZIB