Record Time for Entitlement to LLCIAA Distribution

Document date:  Fri 22 Feb 2002
Published:  Mon 25 Feb 2002 08:29:29
Document No:  187376
Document part:  A
Market Flag:  N
Classification:  Structured Products Issuer Report 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-02-22  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in Lend Lease Corporation
Limited (LLC) under an Offering Circular dated 10 May 2001 (ASX Code:
LLCIAA), announces that the Record Time for the entitlements to the
$0.09, fully franked distribution for the LLCIAA instalment warrants
is 6 March 2002. This Record Time coincides with the record date for
the LLC ordinary shares dividend.

The LLCIAA instalment warrants will commence trading ex-distribution
on 28 February 2002. This coincides with the ex-dividend date for the
LLC ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of LLCIAA instalment warrants in the form of cleared funds no
later than 5 Business Days after 20 March 2002.

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


J Koepperkestrop
HEAD OF ANZ EQUITY DERIVATIVES