Commonwealth Bank announcement

29 September 2008

The CEO of the Commonwealth Bank, Ralph Norris today announced the resignation of Group Executive Premium Business Services, Mr Stuart Grimshaw.  Mr Grimshaw will be leaving the Bank prior to the end of this year to pursue a new and challenging career.

Mr Norris said, "I would like to thank Stuart for the significant contribution he has made to the Group in the roles that he has occupied since he commenced in 2002, including Group Executive Finance and Risk Management, Group Executive Wealth Management and more recently, Group Executive Premium Business Services.  Stuart has overseen some major transitional changes and also strongly enhanced our business during his time as leader of two of our major customer facing business units”.

Mr Norris said an announcement regarding a replacement for Mr Grimshaw will be made in due course.

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