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Media Release: E*TRADE Australia & ANZ extend alliance

Document date:  Wed 19 Feb 2003
Published:  Wed 19 Feb 2003 14:15:02
Document No:  201069
Document part:  A
Market Flag:  Y
Classification:  Other

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-02-19  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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MEDIA RELEASE

E*TRADE AUSTRALIA AND ANZ EXTEND ALLIANCE

E*TRADE Australia (ASX Code: ETR) and ANZ (ASX Code: ANZ) today
announced they would extend their alliance for another three years.

Terms of the Alliance are commercial-in-confidence, but there is no
equity earn-in component that was the basis of the previous
three-year agreement to 30 September 2002.

"We are pleased with the results of the first three years of the
ANZ-E*TRADE relationship and look forward to the opportunities and
efficiencies to be gained by both parties under our new three-year
agreement," said the CEO of E*TRADE Australia, Mr Michael Deleray.

"In the first three years of our alliance, ANZ delivered close to
40,000 of the 108,000 E*TRADE customer accounts and they continue as
a primary source of new customers for E*TRADE. The extension of our
alliance allows both parties to continue working closely together to
explore new opportunities that leverage ANZ's banking expertise and
E*TRADE's excellence in automated securities trading and equity
market solutions," he said.

ANZ will continue to market E*TRADE directly to its online banking
customers, staff, shareholders and all other account and card
holders.

"As a key partner in ANZ's wealth management strategy, E*TRADE
Australia and ANZ will continue to work on initiatives to build upon
the success of our first three years together," said ANZ Managing
Director, Wealth Management, Craig Coleman.

For further information, please contact:

Mr Michael Deleray
GROUP CHIEF EXECUTIVE OFFICER
E*TRADE Australia
Ph: (02) 9253 5414

Mr Richard Burns
HEAD OF MARKETING
E*TRADE Australia
Ph: (02) 9253 5432

Rita Zonius
MEDIA RELATIONS MANAGER, ANZ
Tel: 03-9273 6190 or 0409-655 551
Email: zoniusr@anz.com