Exhibit 1
Notification of dividend / distributionAnnouncement SummaryEntity nameWESTPAC BANKING CORPORATIONSecurity on which the Distribution will be paidWBC - ORDINARY FULLY PAIDAnnouncement TypeNew announcementDate of this announcementMonday November 2, 2020Distribution AmountAUD 0.31000000Ex DateWednesday November 11, 2020Record DateThursday November 12, 2020Payment DateFriday December 18, 2020DRP election dateFriday November 13, 2020 17:00:00Refer to below for full details of the announcementNotification of dividend / distribution 1 / 7
Notification of dividend / distributionAnnouncement DetailsPart 1 - Entity and announcement details1.1 Name of +EntityWESTPAC BANKING CORPORATION1.2 Registered Number TypeABNRegistration Number330074571411.3 ASX issuer codeWBC1.4 The announcement is New announcement1.5 Date of this announcementMonday November 2, 20201.6 ASX +Security CodeWBCASX +Security DescriptionORDINARY FULLY PAIDPart 2A - All dividends/distributions basic details2A.1 Type of dividend/distribution Ordinary2A.2 The Dividend/distribution:relates to a period of twelve months2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)Wednesday September 30, 20202A.4 +Record DateThursday November 12, 2020Notification of dividend / distribution 2 / 7
Notification of dividend / distribution2A.5 Ex DateWednesday November 11, 20202A.6 Payment DateFriday December 18, 20202A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.No2A.8 Currency in which the dividend/distribution is made ("primary currency")AUD - Australian Dollar2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this formAUD 0.310000002A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? Yes2A.11 Does the entity have a securities plan for dividends/distributions on this +security? We have a Dividend/Distribution Reinvestment Plan (DRP)2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution? Yes2A.11a(i) DRP Status in respect of this dividend/distributionFull DRP2A.12 Does the +entity have tax component information apart from franking? YesPart 2B - Currency Information2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.). Yes2B.2 Please provide a description of your currency arrangementsDetails of dividend payment options for Westpac Ordinary Fully Paid Shares are available in Westpac's Investor Centre at http://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-payment/.Notification of dividend / distribution 3 / 7
Notification of dividend / distribution2B.2a Other currency/currencies in which the dividend/distribution will be paid:Currency Payment currency equivalent amount per securityGBP - Pound Sterling GBP NZD - New Zealand Dollar NZD2B.2b Please provide the exchange rates used for non-primary currency paymentsGBP - Pound Sterling NZD - New Zealand Dollar2B.2c If payment currency equivalent and exchange rates not known, date for information to be releasedFriday December 18, 2020Estimated or Actual? Actual2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements? NoPart 3A - Ordinary dividend/distribution3A.1 Is the ordinary dividend/distribution estimated at this time? No3A.1a Ordinary dividend/distribution estimated amount per +securityAUD3A.1b Ordinary Dividend/distribution amount per securityAUD 0.310000003A.2 Is the ordinary dividend/distribution franked? 3A.2a Is the ordinary dividend/distribution fully franked?YesYes3A.3 Percentage of ordinary dividend/distribution that is franked100.0000 %3A.3a Applicable corporate tax rate for franking credit (%)30.0000 %3A.4 Ordinary dividend/distribution franked amount per +securityAUD 0.310000003A.5 Percentage amount of dividend which is unfranked0.0000 %3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amountAUD 0.000000003A.7 Ordinary dividend/distribution conduit foreign income amount per securityAUD 0.00000000Notification of dividend / distribution 4 / 7
Notification of dividend / distributionPart 3E - Other - distribution components / tax3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).A New Zealand imputation credit of NZD 0.07 per Westpac Ordinary Fully Paid Share will attach to the dividend.3E.2 Please indicate the following information if applicable. (Refer Annual Investment Income Report specification for further information)Field Name AIIR Specification Reference Value Estimated/ActualInterest 9.79Unfranked dividends not declared to be conduit foreign income9.80Unfranked dividends declared to be conduit foreign income9.81Assessable foreign source income9.91Tax-free amounts 9.96Tax-deferred amounts 9.97Managed investment trust fund payments9.105Franked distributions from trusts9.120Gross cash distribution 9.121Interest exempt from withholding9.122Capital Gains discount method Non-Taxable Australian property9.124Capital gains other Non-Taxable Australian property9.126Other income 9.130Royalties 9.135NCMIExcluded from NCMINotification of dividend / distribution 5 / 7
Notification of dividend / distributionPart 4A - +Dividend reinvestment plan (DRP)4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)4A.2 Last date and time for lodgement of election notices to share registry under DRPFriday November 13, 2020 17:00:004A.3 DRP discount rate1.5000 %4A.4 Period of calculation of reinvestment priceStart DateTuesday November 17, 2020End DateMonday December 7, 20204A.5 DRP price calculation methodologyThe average of the daily volume weighted average market price per Westpac Ordinary Fully Paid Share sold on the ASX and Chi-X during the 15 trading days commencing 17 November 2020, at a discount of 1.50 percent.4A.6 DRP Price (including any discount):AUD4A.7 DRP +securities +issue dateFriday December 18, 20204A.8 Will DRP +securities be a new issue? 4A.8a Do DRP +securities rank pari passu from +issueYesdate? Yes4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? No4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No4A.11 Are there any other conditions applying to DRP participation? Yes4A.11a Conditions for DRP participationParticipation in the DRP is restricted to shareholders who are resident in, and whose address on the register of shareholders is in, Australia or New Zealand.4A.12 Link to a copy of the DRP plan ruleshttps://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-reinvestment- plan/4A.13 Further information about the DRPhttps://www.westpac.com.au/about-westpac/investor-centre/dividend-information/dividend-reinvestment- plan/Part 5 - Further information5.1 Please provide any further information applicable to this dividend/distributionNotification of dividend / distribution 6 / 7
• Notification of dividend I distribution5.2 Additional information for inclusion in the Announcement SummaryNotification of dividend I distribution 717