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Payment of Interest on Capital Securities

Document date:  Wed 29 May 2002
Published:  Wed 29 May 2002 17:14:35
Document No:  190781
Document part:  A
Market Flag:  N
Classification:  Issued Capital - Other

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-05-29  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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PAYMENT OF INTEREST ON US$258.75M 9.125% CAPITAL SECURITIES

Australia and New Zealand Banking Group Limited will on July 1, 2002
make a payment totalling $5,902,734.38 on its 9.125% Capital
Securities to Holders of Record as at June 15, 2002. This payment
equates to approximately $0.57031 (rounded to 5 decimal places) per
$25.00 security.

J Slatter
GROUP LEGAL COUNSEL & COMPANY SECRETARY