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Instalment Warrant Distribution - PBLIAA

Document date:  Thu 06 Mar 2003
Published:  Mon 10 Mar 2003 10:11:42
Document No:  201745
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-03-06  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in Publishing & Broadcasting
(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 (100%) distribution for the PBLIAA instalment
warrants is 31 March 2003. 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 March 2003. 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 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