IMB announces that it has completed the issue of A$30,000,000 of 10 Non-Call 5, Tier 2 Subordinated Floating Rate Notes at BBSW+425bps under its existing AUD $2,000,000,000 Debt Issuance Program.

The Notes are eligible for inclusion as Tier 2 Capital (on a transitional basis).

Australia and New Zealand Banking Group Limited (ANZ) acted as Lead Manager and Dealer in relation to the issue which was

heavily oversubscribed and upsized as a result of strong investor demand.

It is expected that the Notes will be rated BBB- (Stable) by Standard and Poors reflecting their subordinated ranking.

For further information, please contact Mark Workman, Treasurer, on (02) 4227-9172.