Company Announcements

NOTICE OF REDEMPTION

relating to

COMMONWEALTH BANK OF AUSTRALIA

(the Issuer)

EUR 93,500,000 Callable Zero Coupon Notes due 14 September 2040

under the U.S.$70,000,000,000

Euro Medium Term Note Programme

(ISIN XS0541611587)

(the Notes)

COMMONWEALTH BANK OF AUSTRALIA (the Issuer) hereby irrevocably gives notice to the holders of the above Notes that it is exercising its option under Condition 6(c) of the Notes to redeem all of the Notes on the Optional Redemption Date falling on 14 September 2020 at the Optional Redemption Amount of EUR 42,631.90 (as specified in the Final Terms relating to the Notes dated 10 September 2010 (the Final Terms)).

Furthermore, the Issuer hereby provides notice that it intends to cancel the listing of the Notes, which are listed on the Official List of the UK Listing Authority and admitted to trading on the Regulated Market of the London Stock Exchange.

Accordingly, the Issuer will request the Financial Conduct Authority to cancel the listing of the Notes on or around 14 September 2020.

Capitalised terms used but not otherwise defined hitherto shall have the meanings ascribed to them in the Final Terms.

For further information, please contact:

Michael Thiyavutikan

Darling Park  Tower 1,

201 Sussex Street,

Sydney,

Australia,

2000

Telephone:       +61 2 9118 1342

Email:              groupfunding@cba.com.au

Dated 21 August 2020