Instalment Warrant Distribution SGBIAA

Document date:  Fri 08 Nov 2002
Published:  Mon 11 Nov 2002 12:43:15
Document No:  197591
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-11-08  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in St George Bank Limited
(SGB) under the Offering Circular dated 10 May 2001 (ASX Code:
SGBIAA), announces that the Record Time for the entitlements to the
$0.42, fully franked distribution for the SGBIAA instalment warrants
is 29 November 2002. This Record Time coincides with the record date
for the SGB ordinary shares dividend.

The SGBIAA instalment warrants will commence trading ex-distribution
on 25 November 2002. This coincides with the ex-dividend date for the
SGB ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of SGBIAA instalment warrants in the form of cleared funds no
later than 5 Business Days after 13 December 2002.

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

J Koeppenkastrop
HEAD OF ANZ EQUITY DERIVATIVES