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Letter to the Editor of The Sydney Morning Herald

21 March 2006

The Bank today forwarded a Letter to the Editor of The Sydney Morning Herald correcting an error concerning the Bank's ongoing relationship with Woolworths.

Dear Sir

I refer to an article that appeared in your edition of 20 March 2006 under the headline "Coles has an awful lot of catching up to do" and would like to correct the error in reporting regarding the Commonwealth Bank’s relationship with Woolworths.

The Bank and Woolworths did not, as reported, end their Ezy Bank relationship in late 2005.

What the Bank and Woolworths announced was a change in the exclusivity arrangements of the Ezy Banking alliance. In its joint statement to the ASX, both parties were clear that current Ezy Banking services will continue to be provided and there is no change in the services available to current Ezy Banking customers.

I would appreciate the correct position being reported to your readers.

Yours sincerely

Thanks

Bryan Fitzgerald
General Manager, Media and Issues Management
Communication, Community and Reputation

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