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Settlement Pleasing

Media Release 10 February, 2006

Settlement Pleasing

Westpac today said it was pleasing that union members had voted to accept the bank’s modified offer.

The across-the-board salary increase of 5.2% will be backdated to 1 January 2006.

“With a settlement reached, we can now all focus on the future and concentrate on the things that will make Westpac the number one financial services organisation in New Zealand, in an intensely competitive industry,” General Manager of Consumer Banking Henry Ford said.

“Our recent engagement with the union has been conducted in a constructive and open atmosphere, and I look forward to this continuing,” Henry Ford said.

ENDS


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