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Information Memorandum NZ Finance Holdings Pty Limited A Information Memorandum and NZ Finance Holdings Pty Limited A$4,000,000,000 Note Programme Notes issued are unconditionally guaranteed by certain subsidiaries of Wesfarmers Limited Australian Dealers for electronic promissory notes, short term notes and medium term notes issued by Wesfarmers Limited Australia and New Zealand Banking Commonwealth Bank of Australia Group Limited (ABN 48 123 123 124) (ABN 11 055 357 522) National Australia Bank Limited Westpac Banking Corporation (ABN 12 004 044 937) (ABN 33 007 457 141) New Zealand Dealers for short term notes and medium term notes issued by NZ Finance Holdings Pty Limited ANZ Bank New Zealand Limited Bank of New Zealand Commonwealth Bank of Australia (acting Westpac Banking Corporation (acting through its New Zealand Branch) through its New Zealand Branch) (ABN 48 123 123 124) (ABN 33 007 457 141) Warning for New Zealand Investors pursuant to $750,000 minimum investment wholesale investor exclusion The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer because there is an exclusion for offers where the amount invested upfront by the investor (plus any other investments the investor has already made in the financial products) is $750,000 or more. As a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself. 12 December 2017 CONTENTS Page INTRODUCTION 2 IMPORTANT NOTICE 4 SUMMARY OF THE PROGRAMME 8 CORPORATE PROFILE 17 TERMS AND CONDITIONS OF AUSTRALIAN DOMESTIC STNS 23 TERMS AND CONDITIONS OF NEW ZEALAND DOMESTIC STNS 36 TERMS AND CONDITIONS OF AUSTRALIAN DOMESTIC MTNS 50 TERMS AND CONDITIONS OF NEW ZEALAND DOMESTIC MTNS 80 SUBSCRIPTION AND SALE 110 AUSTRALIAN TAXATION 117 NEW ZEALAND TAXATION 123 DIRECTORY 124 1 INTRODUCTION Wesfarmers Limited (ABN 28 008 984 049) ("Australian Issuer" or "Wesfarmers") and NZ Finance Holdings Pty Limited (NZCN 1261004) ("NZ Issuer", and together with the Australian Issuer, the "Initial Issuers") and certain wholly owned subsidiaries of Wesfarmers (each an "Issuer" as further defined below) may offer from time to time electronic promissory notes ("EPNs"), short term notes ("STNs"), medium term notes ("MTNs") and other debt instruments (as more particularly described below and together, the "Notes") under the Note programme described in this Information Memorandum ("Programme"). The Notes issued by each Issuer will have the benefit of an unconditional and irrevocable guarantee ("Guarantee") pursuant to the Guarantee Deed Poll dated 10 October 2007, as amended and supplemented by a supplemental deed dated 6 March 2008 ("Guarantee Deed Poll") from certain subsidiaries of Wesfarmers (the "Guarantors"). Subject to applicable laws, regulations and directives: (a) the Australian Issuer and each other Issuer incorporated in Australia may issue (i) Notes in Australia, and (ii) Notes (other than EPNs) in countries in Europe and Asia (but not the United States of America unless such Notes are registered under the United States Securities Act of 1933 (as amended) ("Securities Act") or an exemption from the registration requirements is available). Notes issued in Australia are referred to in this Information Memorandum as "Australian Domestic Notes"; (b) the NZ Issuer and each other Issuer incorporated in New Zealand may issue Notes in any country including New Zealand and countries in Europe and Asia (but not the United States of America unless such Notes are registered under the Securities Act or an exemption from the registration requirements is available). Notes issued in New Zealand are referred to in this Information Memorandum as "NZ Domestic Notes"; and (c) each Issuer incorporated outside Australia and New Zealand may issue Notes in such places described in a supplemental or additional Information Memorandum published by such Issuer and the Guarantor. The aggregate principal amount of Notes outstanding will not at any time exceed A$4,000,000,000 (or the equivalent in other currencies at the date of issue). This limit may be increased by Wesfarmers from time to time. Each issue of Notes will be made pursuant to such documentation as the relevant Issuer may determine. This Information Memorandum describes the issue of EPNs, STNs and MTNs (other than MTNs with an issue date prior to the date of this Information Memorandum or any MTNs issued under an additional Tranche of a Series of MTNs existing prior to the date of this Information Memorandum ("Pre-existing MTNs")) in registered form into the wholesale markets in Australia, New Zealand, Asia and Europe. An Issuer and Wesfarmers may publish additional Information Memoranda which describe the issue of Notes (or particular classes of Notes) not described in this Information Memorandum. The issue of the Pre-existing MTNs that were issued on 28 March 2012 is described in the Information Memorandum dated 30 August 2011, the issue of the Pre-existing MTNs that were issued on 12 March 2013 is described in the Information Memorandum dated 3 October 2012 and amended 22 February 2013 and the issue of the Pre-existing MTNs that were issued on 18 May 2015 is described in the Information Memorandum dated 18 December 2014. Notes will be issued in one or more Tranches (each a "Tranche") within one or more series (each a "Series"). Tranches of Notes within a particular Series may have various issue dates, issue prices and interest commencement dates and, in respect of the first interest payment (if any), different interest payment amounts but will otherwise be issued on identical terms and conditions. A pricing supplement ("Pricing Supplement") will be issued for each Tranche of Notes (other than EPNs and STNs) issued under a particular Series and will contain details of the aggregate principal amount, the interest (if any) payable, the issue price, issue date and maturity date of the Tranche of those Notes, together with any other terms and conditions not contained in this Information Memorandum which apply to that Tranche of Notes. An STN supplement ("STN Supplement") may also be issued for a Tranche of STNs and 2 may contain additional terms and conditions not contained in this Information Memorandum which apply to that Tranche of STNs. Application may be made to list Notes of a particular Series (other than EPNs and STNs) on the Australian Securities Exchange operated by ASX Limited (ABN 98 008 624 691) or any other stock exchange (other than the New Zealand Stock Exchange). However, unlisted Notes may also be issued pursuant to the Programme. The relevant Pricing Supplement in respect of the issue of any Notes (other than EPNs and STNs) will specify whether or not such Notes will be listed on the Australian Securities Exchange (or any other stock exchange). Except as specified in the relevant Pricing Supplement, each Series of Australian Domestic Notes (other than EPNs) will be issued in registered form pursuant to the Deed Poll dated 20 February 2002 as amended on 31 January 2014 executed by Wesfarmers Limited ("Australian Deed Poll") and NZ Domestic Notes will be issued in registered form pursuant to the New Zealand Deed Poll dated 4 March 2004 as amended on 31 January 2014 executed by the NZ Issuer and Wesfarmers ("New Zealand Deed Poll" and, together with the Australian Deed Poll, the "Deeds Poll"). Notes issued outside Australia and New Zealand may also be issued in registered form pursuant to the Australian Deed Poll or the New Zealand Deed Poll. The Deeds Poll have been and the Notes will be nominated by Wesfarmers as "guaranteed documents" under the terms of the Guarantee Deed Poll. Each Series of EPNs will be issued in accordance with the relevant regulations of the Austraclear System. Notes may be lodged in the Austraclear System or the NZ Clear System and MTNs may also be transacted through Euroclear Bank S.A.IN. V. as operator of the Euroclear System ("Euroclear"), Clearstream Banking, S.A. ("Clearstream, Luxembourg") and/or any other clearing system specified in the relevant Pricing Supplement (each a "Clearing System"). 3 IMPORTANT NOTICE Terms used in this Important Notice have the meanings set out under "Summary of the Programme" below. Responsibility This Information Memorandum replaces the Information Memoranda dated 20 February 2002, 4 March 2004, 25 May 2005, 17 April 2007, 3 September 2009, 30 August 2011, 3 October 2012 (amended 22 February 2013), 31 January 2014,18 December 2014, 17 December 2015 and 19 December 2016 except in relation to: (i) the Pre-existing MTNs that were issued on 28 March 2012, to which the Information Memorandum dated 30 August 2011 will continue to apply, (ii) the Pre-existing MTN’s that were issued on 12 March 2013 to which the Information Memorandum dated 3 October 2012 and amended 22 February 2013 will continue to apply, and (iii) the Pre-existing MTN’s that were issued on 18 May 2015 to which the Information Memorandum dated 18 December 2014 will continue to apply. This Information Memorandum has been prepared by and issued with the authority of the Initial Issuers. The Initial Issuers accept responsibility for the information contained in this Information Memorandum. The Dealers and any Registrar make no representation or warranty, express or implied, as to and assume no responsibility or liability for the authenticity, origin, validity, accuracy or completeness of, or any errors or omissions in, any information, statement, opinion or forecast contained in this Information Memorandum or in any accompanying, previous or subsequent material or presentation, except that they have confirmed that their respective details in the Directory are correct.
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