Company Reports & Disclosures

Credit Rating Disclosure

Important: The disclosure of this credit rating by Wide Bay Australia Ltd is strictly for the information of institutional & 'wholesale' clients/shareholders/investors, international clients/shareholders/investors and equity analysts. It is not disclosed for use by 'retail' clients/shareholders/investors and therefore should not be considered by or distributed to 'retail' clients/shareholders/investors when making a decision in relation to any 'financial product' issued by Wide Bay Australia or its subsidiaries.

For the purposes of this statement:

• 'retail' and 'wholesale' client has the meaning as defined in section 761G of the Corporations Act (Cth))
• 'financial product' has the meaning as defined in section 763A of the Corporations Act (Cth)

Wide Bay Australia Ltd has a long-term credit rating of:

BBB and a short term rating of A-2 with a stable outlook

issued by ratings agency Standard & Poor’s (Australia) Pty Limited (AFSL No: 337565)

This rating is issued by Standard & Poor's for ' wholesale' clients only and is not intended for and must not be distributed to any person in Australia other than a ' wholesale' client.

“BBB” is an accepted investment grade credit rating for Australian financial institutions and indicates Standard and Poor’s assessment of Wide Bay Australia’s adequate financial capacity (its creditworthiness) to pay its financial obligations.

Wide Bay was first assigned a credit rating by Standard & Poor's in November 2005. This was only the third such rating given to an Australian building society or credit union - with Standard & Poor’s recognising Wide Bay Australia’s strong performance over previous years; the strength of our lending and asset quality; our funding and liquidity position and lack of losses.

Standard & Poor's, a subsidiary of The McGraw-Hill Companies, is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.