Westpac Life public notice

Public Notice of Rating Downgrade - Westpac Life-NZ-Limited

Pursuant to section 69 of the Insurance (Prudential Supervision) Act 2010, Westpac Life-NZ-Limited gives notice that on 20 September 2016, Standard and Poor's (Australia) Pty Limited downgraded its financial strength rating from "AA-" (very strong) to "A+" (strong).

For a full description of the rating scale go to: www.standardandpoors.com.