Westpac Diversified Property Fund

Sale of the responsible entity of Westpac Diversified Property Fund

On Thursday 30 September 2010 Westpac Banking Corporation (“Westpac”) finalised the sale of Westpac Funds Management Limited (“WFML”), to Australian Unity Limited (“Australian Unity”).

From this date WFML will continue to be the responsible entity for the Westpac Diversified Property Fund, but its name will be changed to Australian Unity Property Funds Management Limited and it will be owned by Australian Unity. Existing unitholders will retain their investment in the Fund, which will be re-named the Australian Unity Diversified Property Fund.

For more information, please visit the Australian Unity Diversified Property Fund website.

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Financial products issued by Westpac Funds Management Limited ("WFML") are not deposits with or other liabilities of Westpac Banking Corporation ABN 33 007 457 141 ("Westpac"). They are subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither Westpac nor any of its respective directors, officers, employees, associates or its subsidiaries guarantee or give any assurance in regard to the capital value, income return or performance of the investment.

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