RETAIL BANKING | Cesar Tordesillas, Australia

Morschel to succeed Goode as ANZ Chair

ANZ Directors have chosen John Morschel to succeed Charles Goode as new chairman by February 2010.

The decision was made after the Board accepted Rod Eddington's advice that he
has decided to withdraw his offer to serve as an ANZ Director and to succeed Mr Goode as chairman, as announced in November 2008.

Commenting on Sir Rod Eddington's decision, Mr Goode said: "We respect his decision. Sir Rod is one of Australia's best known business leaders with extensive international business experience, a strong background in Asia and significant connections with both business and government. We wish him well in the future."

Mr Morschel is currently a non-executive director of Singapore Telecommunications Limited and Tenix Pty Limited. He was previously Chairman of Rinker Group Limited, Leighton Holdings Limited, CSR Limited and Comalco Limited, and a non-executive director of Rio Tinto plc and Rio Tinto Limited.

From 1993 until 2001, Mr Morschel was a Director of Westpac Banking Corporation, including two years as Executive Director, where his responsibilities included retail banking and wealth management. Prior to his banking career, Mr Morschel was with Lend Lease Corporation where he was Managing Director from 1988 to 1995.

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