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Instalment Warrant Distribution - PBLIAA

Document date:  Mon 09 Sep 2002
Published:  Mon 09 Sep 2002 12:55:26
Document No:  194451
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-09-09  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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PBLIAA INSTALMENT WARRANTS ISSUED BY ANZ
ANNOUNCEMENT OF RECORD TIME FOR ENTITLEMENT TO PBLIAA DISTRIBUTION

Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in Publishing & Broadcasting
Limited (PBL) under the Offering Circular dated 10 May 2001 (ASX
Code: PBLIAA), announces that the Record Time for the entitlements to
the $0.11, fully franked distribution for the PBLIAA instalment
warrants is 31 October 2002. This Record Time coincides with the
record date for the PBL ordinary shares dividend

The PBLIAA instalment warrants will commence trading ex-distribution
on 25 October 2002. This coincides with the ex-dividend date for the
PBL ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of PBLIAA instalment warrants in the form of cleared funds no
later than 5 Business Days after 15 November 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