Commonwealth Bank - Report to Shareholders 2003 - Directors Declaration

Directors Declaration

The Directors declare that in their opinion, the concise financial report of the Commonwealth Bank of Australia for the year ended 30 June 2003 as set out in the Financial Report complies with Accounting Standard AASB 1039: Concise Financial Reports.

The financial statements and specific disclosures included in this concise financial report have been derived from the full financial report for the year ended 30 June 2003.

The concise financial report cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the Commonwealth Bank of Australia as the full financial report, which is available on request.

This declaration is made in accordance with a resolution of the Directors.

signature of J T Ralph J T Ralph, AC
signature of D V Murray D V Murray
Managing Director and
Chief Executive Officer

20 August 2003