SAFA  Indicative Short Term Rates                                      
Updated                 18 January 2021                                      

Promissory Notes                          AONIA Linked FRNs                    

TERM       Rate %                   Maturity          Margin    Avail $'m  
1M             0.000                     06/04/2021          0                0
2M             0.000                     15/06/2021          1              500      
3M             0.000                     13/09/2021          2              500      
4M             0.000                     23/12/2021          3              300      
5M             0.000                      
6M             0.020

SAFA Euro-Commercial Paper Indicative Rates                                  
Start Date: 20/01/2021            

TERM            MATURITY    AUD* %                                    
1M                 22/02/2021    NA
2M                 22/03/2021    NA                                  
3M                 20/04/2021    NA                                   
4M                 20/05/2021    0.000                                    
5M                 21/06/2021    0.000                                    
6M                 20/07/2021    0.000                                   
9M                 20/10/2021    0.005                                    
360 days       13/01/2022     0.010                                 

* 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


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