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ASB Subordinated Notes 2

2016

30 November 2016

ASB Subordinated Notes 2 are subordinated unsecured convertible notes of ASB Bank Limited (ASB) that are due to be repaid in full on the maturity date. ASB Subordinated Notes 2 may, depending on circumstances, be repaid earlier, converted into ordinary shares in Commonwealth Bank of Australia (CBA) ABN 48 124 123 123, or if conversion is required but does not occur for any reason, rights under the ASB Subordinated Notes 2 will be terminated.

Investments in ASB Subordinated Notes 2 are an investment in ASB and may be affected by the ongoing performance, financial position and solvency of ASB. ASB Subordinated Notes 2 may also be affected by the ongoing performance, financial position and solvency of CBA. They are not deposit liabilities or protected accounts of CBA for the purposes of the Australian Banking Act. CBA does not guarantee ASB or ASB Subordinated Notes 2.

Please note that these documents are available for your information. The ASB Subordinated Notes 2 offer closed on 25 November 2016 and is no longer available for application.

Documents

Further information relating to ASB, CBA and ASB Subordinated Notes 2 is available free of charge on the online Disclose register maintained by the Companies Office.

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Disclaimer: The information contained in this ASB website is designed for use by New Zealand residents only. Neither ASB Bank Limited, the Commonwealth Bank of Australia Group, nor any of their directors, nor any other person guarantees the securities or returns made in respect of the securities. The securities are subject to investment risk including loss of income and principal invested.