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Instalment Warrant Distribution - SGBIAA

Document date:  Wed 14 May 2003
Published:  Wed 14 May 2003 15:53:25
Document No:  204298
Document part:  A
Market Flag:  N
Classification:  Structured Products Distribution

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2003-05-14  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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Australia and New Zealand Banking Group Limited as issuer of
instalment warrants over ordinary shares in St George Bank (SGB)
under the Offering Circular dated 10 May 2001 (ASX Code: SGBIAA),
announces that the Record Time for the entitlements to the $0.45,
franked (100.00%) distribution for the SGBIAA instalment warrants is
18 June 2003. This Record Time coincides with the record date for the
SGB ordinary shares dividend. 

The SGBIAA Instalment warrants will commence trading ex-distribution
on 12 June 2003. This coincides with the ex-dividend date for the SGB
ordinary shares.

The Security Trustee will cause distributions to be distributed to
Holders of SGBIAA instalment warrants the form of cleared funds no
later than 5 Business Days after 02 July 2003.

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

J Koepperikastrop
HEAD OF ANZ EQUITY DERIVATIVES

Copy to: 
Mr Shaun Nicholls 
ASX Derivatives 
Australian Stock Exchange Limited 
Facsimile: 02 9227 0722