Record time for entitlement to BILIAA distribution

Document date:  Thu 28 Feb 2002
Published:  Fri 01 Mar 2002 11:56:46
Document No:  187608
Document part:  A
Market Flag:  N
Classification:  Structured Products Issuer Report 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-02-28  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in Brambles Industries
Limited (BIL) under an Offering Circular dated 10 May 2001 (ASX Code:
BILIAA), announces that the Record Time for the entitlements to the
$0.10, fully franked distribution for the BILIAA instalment warrants
is 22 March 2002. This Record Time coincides with the record date for
the BIL ordinary shares dividend.

The BILIAA instalment warrants will commence trading ex-distribution
on 18 March 2002. This coincides with the ex-dividend date for the
BIL ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of BILIAA instalment warrants in the form of cleared funds
no later than 5 Business Days after 11 April 2002.

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

A Ezra 
HEAD OF EQUITY DERIVATIVE SALES