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Instalment Warrant Distribution: AGLIAA

Document date:  Mon 10 Mar 2003
Published:  Tue 11 Mar 2003 13:53:32
Document No:  201826
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-03-10  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in The Australian Gas Light
Company (AGL) under the Offering Circular dated 10 May 2001 (ASX
Code: AGLIAA), announces that the Record Time for the entitlements to
the $0.26, franked (61.55%) distribution for the AGLIAA instalment
warrants is 17 March 2003. This Record Time coincides with the record
date for the AGL ordinary shares dividend. 

The AGLIAA instalment warrants will commence trading ex-distribution
on 11 March 2003. This coincides with the ex-dividend date for the
AGL ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of AGLIAA instalment warrants in the form of cleared funds no
later than 5 Business Days after 28 March 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