Supp.Offering Circular dated 4/7/2002 - CMLWAT & NCPWAT

Document date:  Thu 04 Jul 2002
Published:  Thu 04 Jul 2002 18:33:04
Document No:  192082
Document part:  A
Market Flag:  N
Classification:  Structured Products Disclosure Document 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-07-04  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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Australia and New Zealand Banking Group Limited ABN 11 005 357 522
(ANZ) has made the following changes to the CMLWAT and NCPWAT Series
of warrants (Warrants) effective 5 July 2002:

CMLWAT Exercise Price (per Underlying Security): $7.00

NCPWAT Exercise Price (per Underlying Security): $9.00

This is a Supplementary Offering Circular to the Offering Circular
dated 16 January 2002 as updated by Supplementary Offering Circulars
dated 25 January 2002, 30 January 2002, 6 February 2002 and 14
February 2002 issued by ANZ as Warrant Issuer and ANZ Securities
Limited ABN 16 004 997 111 (ANZ Securities) as Broker to the Issue
(Offering Circular). There were no holders of the Warrants other than
ANZ or its associates at the time of the change. No other term of the
Warrants was varied and no other part of the Offering Circular is
affected.

No other circumstance has arisen and no other information has become
available since the date of the Offering Circular that should
materially affect an investor's assessment of the risks, rights and
obligations associated with the Warrants or the capacity of the
Issuer to honour and to perform its obligations in respect of the
Warrants.

Copies of the Offering Circular may be obtained from ANZ Securities
by calling 1800 337 358.

Potential investors should always seek expert independent advice 
relating to their own financial situation and objectives before 
investing in warrents.