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Instalment Warrant Distribution - CMLIAA

Document date:  Mon 24 Mar 2003
Published:  Tue 25 Mar 2003 20:12:25
Document No:  202490
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution


HOMEX - Melbourne                                                     

Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in Coles Myer Limited (CML)
under the Offering Circular dated 10 May 2001 (ASX Code: CMLIAA),
announces that the Record Time for the entitlements to the $0.135,
franked (100.00%) distribution for the CMLIAA instalment warrants is
17 April 2003. This Record Time coincides with the record date for
the CML ordinary shares dividend.

The CMLIAA instalment warrants will commence trading ex-distribution
on 11 April 2003. This coincides with the ex-dividend date for the
CML ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of CMLIAA instalment warrants in the form of cleared funds no
later than 5 Business Days after 12 May 2003.

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