Commonwealth Bank Share Sale Facility - Announcement of indicative size of the institutional bookbuild

5 June 2000

The Commonwealth Bank of Australia today announced that the indicative size of the Share Sale Facility institutional bookbuild is approximately 10 million shares.

The Share Sale Facility fulfils a commitment by the Commonwealth Bank as part of the merger with Colonial Limited to provide Colonial Shareholders who wished to sell all of the Commonwealth Bank Shares they received an opportunity to do so without paying transaction costs.

Commonwealth Bank, through the Joint Lead Managers, Credit Suisse First Boston and UBS Warburg, will conduct an institutional bookbuild in which institutions will be invited to bid for New Commonwealth Bank Shares submitted through the Share Sale Facility.

The institutional bookbuild will open on 6 June 2000 and close at 5.00pm Sydney time on 8 June 2000. The Share Sale Facility Price and final size of the institutional bookbuild will be announced on 9 June 2000.