SAFA  Indicative Short Term Rates                                      
Updated                  16 September 2021                                      

Promissory Notes                          AONIA Linked FRNs                    

TERM       Rate %                   Maturity          Margin    Avail $'m  
1M             NA                     23/12/2021            NA              300
2M             NA                     13/04/2022            NA              250
3M             NA                     12/07/2022            NA              500
4M             NA                      
5M             NA                      
6M             NA

SAFA Euro-Commercial Paper Indicative Rates                                  
Start Date: 20/09/2021            

TERM            MATURITY    AUD* %                                    
1M                 20/10/2021      NA
2M                 22/11/2021      NA                                  
3M                 20/12/2021      NA                                   
4M                 20/01/2022      NA                                  
5M                 22/02/2022      NA                                
6M                 21/03/2022      NA 
9M                 21/06/2022      NA                                 
360 days        11/09/2022      NA                                

* 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

Rollovers only - but please contact us with any interest
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