Dividends

Imputation

Dividends paid by Bendigo and Adelaide Bank carry a franked dividend. Under this system shareholders receive a credit for their proportion of the taxation paid by the Bank, and this credit can be used to offset their own taxation liability.

The amount of franked credit received by shareholders in addition to the amount of dividend received will be required to be included in the shareholder's assessable income, but a rebate will be allowed in the tax payable to the extent of the franked credit. Advice will be forwarded to you with each dividend payment showing details of payment and franked credits.

Alternatives Available

1. Dividend Reinvestment Plan

Instead of receiving your dividend in cash, this alternative allows you the option of using the amount available from the dividend to purchase additional shares. This alternative also involves a franked credit, and you would be advised of the shares allotted and the franked amount involved. Shares issued under this Plan rank equally with all other Permanent Shares.

While you may decide to use all your dividend to reinvest in shares, you are able to elect to nominate part of your holding as participating.

Dividend Reinvestment Plan Terms And Conditions - Approx. 88Kb

2. Bonus Share Scheme

This option gives you the ability to elect not to receive cash or shares in the form of a dividend, as in the other alternatives, and in lieu of such dividends to receive bonus shares. This provides a tax-free distribution in the year of receipt and does not carry any franked credits. Capital Gains Tax may apply on disposal unless the original shares were acquired prior to 20 September 1985. Shares issued under this Plan rank equally with all of the Bank's other fully paid ordinary shares. While you may decide to use all your dividend to reinvest in shares, you are able to elect to nominate part of your holding as participating.

Bonus Share Scheme Terms And Conditions - Approx. 19Kb

3. Credit to an account

The dividend would be automatically credited to your nominated account and notification forwarded to you at your registered address. Such notification would also include the amount of franked credit involved.

4. Payment by cheque

The cheque would be forwarded to you at your registered address, along with an advice of the amount received and the franked credit involved for use with your taxation return.

Action Required by Shareholder

Complete a Dividend Nomination Advice Form if you are a new shareholder.

To make sure your dividend instructions are recorded for the next dividend, please return this nomination advice as soon as possible. Advices received after the closing date for determination of entitlements to payment of a dividend (record date) will not be effective until the next dividend. The nominated participation will automatically apply to all subsequent dividends, unless varied.

If the dividend nomination advice is signed, but with no option indicated, it will be treated as a nomination to receive dividends by cheque.

The method of payment of dividend can be varied by you at any time in the future, however a change in instructions must be in writing.

There are 2 ways to receive a Dividend Nomination Advice Form:

1. Download the Dividend Nomination Advice Form in PDF Format.

Dividend Nomination Advice Form - Approx. 34Kb

2. Contact our Share Registry

Dividend History

• 24 August 1984 all shareholders' certificates were consolidated and a new certificate issued. (pre CGT)
• 30 June 1987 was a Bonus Issue of 3 shares for every 19 shares held.
• *16th December 1991 1:5 Rights Issue. Some shareholders elected to pay in two installments, $1 on 16 December 1991 and the final payment on 28 May 1992
• *30 November 1998 1:6 Rights Issue @ $3.75 - $2 paid 30 November 1998. Final Payment of $1.75 paid 30 November, 1999. Shares converted to fully paid December 1999.