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Instalment Warrant Distribution - AMPIAA

Document date:  Thu 27 Feb 2003
Published:  Fri 28 Feb 2003 16:13:01
Document No:  201376
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-02-27  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in AMP Limited (AMP) under
the Offering Circular dated 10 May 2001 (ASX Code: AMPIAA), announces
that the Record Time for the entitlements to the $0.20, fully franked
(100%) distribution for the AMPIAA instalment warrants is 4 April
2003. This Record Time coincides with the record date for the AMP
ordinary shares dividend.

The AMPIAA instalment warrants will commence trading ex-distribution
on 31 March 2003. This coincides with the ex-dividend date for the
AMP ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of AMPIAA Instalment warrants in the form of cleared funds no
later than 5 Business Days after 28 April 2003.

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