ANZ National performs well in first three months

Media Release

For Release: 27 February 2007

ANZ National performs well in first three months

ANZ National Bank today announced a profit of $350m for the three months ended 31 December 2006, up 28% on the December 2005 result. The headline result was boosted by a number of significant items including the sale of the FleetPartners business.

December 2006 Three Month Performance Summary

• Net Profit After Tax of $350 million, a 28% increase over the December 2005 quarter ($274 million).

• Underlying Profit Before Provisions (“PBP”) of $423 million, an 8% increase over the December 2005 quarter ($390 million). Refer Appendix for an outline of the “Underlying” calculations.

• Good underlying revenue growth of 8% on December 2005 quarter. Underlying cost-toincome ratio improved to 44.2% compared to 44.6% in the December 2005 quarter.

• Net loans and advances increased by $8.6 billion or 12% on December 2005. Total customer deposits increased by $5.9 billion or 12% on December 2005.

See... ANZ National Bank's December 2006 General Disclosure Statement - Full Release (PDF)

ENDS

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