SAFA  Indicative Short Term Rates                                      
Updated                  09 April 2021                                      

Promissory Notes                          AONIA Linked FRNs                    

TERM       Rate %                   Maturity          Margin    Avail $'m  
1M             0.000                                               
2M             0.000                     15/06/2021          0              500      
3M             0.000                     13/09/2021          1              500      
4M             0.050                     23/12/2021          4              300      
5M             0.060                     14/03/2022          5              500
6M             0.080

SAFA Euro-Commercial Paper Indicative Rates                                  
Start Date: 13/04/2021            

TERM            MATURITY    AUD* %                                    
1M                 13/05/2021      NA
2M                 15/06/2021      NA                                  
3M                 13/07/2021      NA                                   
4M                 13/08/2021      0.040                                  
5M                 13/09/2021      0.050                                 
6M                 13/10/2021      0.075 
9M                 13/01/2022      0.080                                 
360 days        04/04/2022      0.090                                

* Target AUD Interest rates on a 360 day count basis                        
* Issues can be in either USD, EUR or AUD, any issues done in USD or EUR to be
swapped into AUD to achieve above target levels


Davide Caravaglio  +61 8 8429 0898 (Including AH)
Daphne Zhang  +61 8 8429 0592
Don Munro  +61 8 8429 0468  |  AH +61 438 894 610
Andrew Kennedy  +61 8 8429 0416  |  AH +61 419 278 002