Commonwealth Bank of Australia Date: 10 January 2017 CBA Covered Bond Trust - Investor Report

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Constance Houston
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1 Date: 10 January 2017 CBA Covered Bond Trust - Investor Report Monthly Covered Bond Report Date Determination Date Distribution Date 31-December January January-2017 Covered Bond Guarantor Security Trustee Bond Trustee Swap Provider Servicer Trust Manager Cover Pool Monitor Perpetual Corporate Trust Limited P.T Limited Deutsche Trustee Company Limited Securitisation Advisory Services P/L PricewaterhouseCoopers Ratings Overview CBA Short Term Senior Unsecured Rating CBA Long Term Senior Unsecured Rating Covered Bond Rating Fitch F1+ (Affirmed) AA- (Stable) AAA Moody's P-1 (Stable) Aa2 (Stable) Aaa Compliance Tests Asset Coverage Test Issuer Event of Default Covered Bond Guarantor Event of Default Interest Rate Shortfall Test Pre-Maturity Test Pass No No Pass Pass Asset Coverage Test as at 01-January-2017 Calculation of Adjusted Aggregate Receivable Amount A The Lower of: (i) LVR Adjusted Mortgage Loan Balance Amount, and $29,418,817,286 (ii) Asset Percentage Adjusted Mortgage Loan Balance Amount $27,096,119,236 $27,096,119,236 B C D E Z Aggregate Amount of any Proceeds of any Term Advances and/or any Demand Loan Advances which have not been applied as at the Determination Date. $0 Aggregate Principal Balance of any Substitution Assets and Authorised Investments as at the relevant Determination Date $3,937,982,091 Aggregate Amount of Principal Collections collected by the Servicer during the Collection Period excluding any amounts applied in accordance with the Priority of Payments. $0 The sum Sale Proceeds credited to the GIC Account, Remaining Available Principal held in the GIC Account and any amount transferred from the OC Account to the GIC Account $428,029,986 Negative Carry Factor $0 Adjusted Aggregate Mortgage Loan Amount (A+B+C+D+E) - Z $31,462,131,314 Results of Asset Coverage Test Adjusted Aggregate Mortgage Loan Amount $31,462,131,314 AUD Equivalent of the Aggregate Principal Amount Outstanding of the Covered Bonds $29,061,396,750 Asset Coverage Test is Satisfied Yes Asset Percentage 92.00% Current Overcollateralisation Percentage 6.79% Page 1 of 7

2 Summary as at 01-January-2017 Bond Issuance Bonds Issue Date Principal Balance AUD Equiv. of Principal Exchange Rate Coupon Frequency Coupon Rate Balance Series 1 12-January-2012 EUR 1,500,000, $1,883,248, Yearly % Series 2 27-January-2012 NOK 3,375,000, $547,208, Yearly % Series 3 25-January-2012 AUD 2,000,000, $2,000,000, SemiAnnual % Series 4 25-January-2012 AUD 1,500,000, $1,500,000, Quarterly BBSW - 3 MONTHS % Series 5 01-February-2012 EUR 109,000, $133,812, Yearly % Series 6 03-February-2012 USD 50,000, $47,574, Quarterly LIBOR 3 MONTHS % Series 7 02-February-2012 EUR 66,500, $81,246, Yearly % Series 8 13-February-2012 GBP 50,000, $73,909, Quarterly GBP LIBOR 3 MONTHS % Series 9 13-February-2012 EUR 117,000, $141,901, Yearly % Series March-2012 CHF 350,000, $356,385, SemiAnnual % Series March-2012 EUR 50,000, $62,055, Yearly % Series March-2012 USD 2,000,000, $1,876,524, SemiAnnual % Series May-2012 CHF 100,000, $105,977, Yearly % Series May-2012 EUR 1,500,000, $1,897,314, Yearly % Series May-2012 NOK 750,000, $126,407, Yearly % Series May-2012 EUR 90,000, $116,459, Yearly % Series August-2012 EUR 100,000, $118,312, Yearly % Series September-2012 GBP 750,000, $1,142,980, Yearly % Series September-2012 EUR 150,000, $183,104, Yearly % Series September-2012 EUR 111,000, $137,442, Yearly % Series October-2012 EUR 50,000, $62,377, Quarterly EURIBOR 3 MONTHS % Series November-2012 EUR 113,000, $142,140, Yearly % Series February-2013 EUR 112,000, $144,430, Yearly % Series February-2013 USD 50,000, $48,123, Quarterly LIBOR 3 MONTHS % Series February-2013 USD 50,000, $48,123, Quarterly LIBOR 3 MONTHS % Series December-2013 USD 1,500,000, $1,654,898, SemiAnnual % Series January-2014 NZD 314,000, $291,957, SemiAnnual % Series January-2014 EUR 1,000,000, $1,533,535, Yearly % Series January-2014 EUR 45,000, $68,026, Yearly % Series January-2014 GBP 350,000, $654,980, Quarterly GBP LIBOR 3 MONTHS % Series April-2014 EUR 40,000, $59,828, Quarterly EURIBOR 3 MONTHS % Series May-2014 EUR 40,000, $60,041, Yearly % Series May-2014 AUD 125,000, $125,000, SemiAnnual % Series June-2014 USD 1,250,000, $1,347,563, SemiAnnual % Series July-2014 AUD 109,000, $109,000, SemiAnnual % Series September-2014 AUD 50,000, $50,000, SemiAnnual % Series November-2014 EUR 1,000,000, $1,455,053, Yearly % Series December-2014 EUR 25,000, $35,840, Yearly % Series December-2014 EUR 50,000, $73,491, Yearly % Series December-2014 EUR 25,000, $37,227, Yearly % Series January-2015 EUR 50,000, $71,211, Yearly % Series July-2015 USD 1,000,000, $1,341,021, SemiAnnual % Series December-2015 EUR 50,000, $73,007, Yearly % Series December-2015 EUR 100,000, $144,965, Yearly % Series December-2015 EUR 50,000, $75,440, Yearly % Series December-2015 EUR 40,000, $60,955, Yearly % Series January-2016 EUR 50,000, $78,169, Yearly % Series February-2016 EUR 750,000, $1,163,062, Yearly % Series February-2016 EUR 500,000, $775,375, Yearly % Series April-2016 EUR 100,000, $149,127, Yearly % Series May-2016 EUR 40,000, $61,866, Yearly % Series July-2016 EUR 125,000, $185,193, Yearly % Series July-2016 EUR 100,000, $145,878, Yearly % Series July-2016 EUR 1,250,000, $1,838,250, Yearly % Series September-2016 GBP 37,000, $64,367, Quarterly GBP LIBOR 3 MONTHS % Series November-2016 AUD 700,000, $700,000, SemiAnnual % Series November-2016 AUD 1,400,000, $1,400,000, Quarterly BBSW - 3 MONTHS % Series November-2016 AUD 200,000, $200,000, SemiAnnual % Page 2 of 7

3 Bonds ISIN CUSIP Listing Note Type Expected Maturity Date Final Maturity Date Series 1 XS n/a London Soft Bullet 12-January January-2017 Series 2 XS n/a London Soft Bullet 27-January January-2022 Series 3 AU3CB n/a Unlisted Soft Bullet 25-January January-2017 Series 4 AU3FN n/a Unlisted Soft Bullet 25-January January-2017 Series 5 XS n/a London Hard Bullet 01-February February-2027 Series 6 US20271AAA AAA5 Unlisted Hard Bullet 03-February February-2017 Series 7 XS n/a London Hard Bullet 02-February February-2027 Series 8 XS n/a London Soft Bullet 13-February February-2017 Series 9 XS n/a London Hard Bullet 13-February February-2030 Series 11 CH n/a SIX Swiss Exchange Soft Bullet 13-September September-2019 Series 12 XS n/a Unlisted Hard Bullet 01-March March-2027 Series 13 US20271AAB35,US20271BAB AAB3, 20271BAB1 ASX Hard Bullet 16-March March-2017 Series 14 CH n/a SIX Swiss Exchange Hard Bullet 02-May May-2022 Series 15 XS n/a London Soft Bullet 03-May May-2022 Series 16 XS n/a London Hard Bullet 09-May May-2022 Series 17 XS n/a London Hard Bullet 21-May May-2027 Series 18 XS n/a Unlisted Hard Bullet 07-August August-2031 Series 19 XS n/a London Soft Bullet 04-September September-2026 Series 20 n/a n/a Unlisted Hard Bullet 13-September September-2024 Series 21 XS n/a London Soft Bullet 24-September September-2027 Series 22 XS n/a London Soft Bullet 05-October October-2019 Series 23 n/a n/a Unlisted Hard Bullet 08-November November-2024 Series 25 XS n/a Unlisted Hard Bullet 01-February February-2029 Series 26 XS n/a London Soft Bullet 08-February February-2018 Series 27 XS n/a London Soft Bullet 08-February February-2018 Series 28 US20271AAD90 US20271BAD AAD BAD7 Unlisted Soft Bullet 11-December December-2018 Series 29 NZCWBD0121L6 n/a Unlisted Soft Bullet 21-January January-2021 Series 30 XS n/a London Soft Bullet 22-January January-2019 Series 31 XS n/a London Hard Bullet 30-December December-2022 Series 32 XS n/a London Soft Bullet 24-January January-2018 Series 33 XS n/a London Soft Bullet 15-April April-2021 Series 34 n/a n/a Unlisted Hard Bullet 12-May May-2021 Series 35 AU3CB n/a Unlisted Soft Bullet 27-May May-2024 Series 36 US20271AAE73/US20271BAE AAE7/20271BAE5 Unlisted Soft Bullet 18-June June-2019 Series 37 AU3CB n/a Unlisted Soft Bullet 10-July July-2024 Series 38 AU3CB n/a Unlisted Soft Bullet 26-August August-2024 Series 39 XS n/a London Soft Bullet 04-November November-2021 Series 40 XS n/a London Soft Bullet 02-December December-2026 Series 41 XS n/a London Soft Bullet 12-February February-2035 Series 42 XS n/a London Soft Bullet 12-February February-2035 Series 43 XS n/a London Soft Bullet 30-March March-2035 Series 44 US20271AAF49 US20271BAF AAF BAF2 Unlisted Soft Bullet 22-July July-2020 Series 45 n/a n/a Unlisted Soft Bullet 26-February February-2035 Series 46 n/a n/a Unlisted Soft Bullet 15-December December-2025 Series 47 XS n/a London Soft Bullet 17-December December-2035 Series 48 XS n/a London Soft Bullet 29-December December-2031 Series 49 XS n/a London Soft Bullet 29-January January-2036 Series 50 XS n/a London Soft Bullet 10-February February-2021 Series 51 XS n/a London Soft Bullet 10-February February-2031 Series 52 XS n/a London Soft Bullet 21-April April-2036 Series 53 XS n/a London Soft Bullet 12-May May-2036 Series 54 XS n/a London Soft Bullet 18-July July-2031 Series 55 XS n/a London Soft Bullet 27-July July-2036 Series 56 XS n/a London Soft Bullet 27-July July-2026 Series 57 XS n/a London Soft Bullet 23-September September-2021 Series 58 AU3CB n/a Unlisted Soft Bullet 17-November November-2021 Series 59 AU3FN n/a Unlisted Soft Bullet 17-November November-2021 Series 60 AU3CB n/a Unlisted Soft Bullet 17-November November-2026 Pool Summary Portfolio Cut off Date Current Principal Balance (AUD) $29,453,578,095 (Unconsolidated) 128,991 Number of Borrowers(Consolidated) 124,823 Average Loan Size $228,338 Maximum Housing Loan Balance $2,625,000 Weighted Average Loan Interest Rate 4.40% Weighted Average Current Loan to Value Ratio (LVR) 59.71% Weighted Average Indexed Loan to Value Ratio (LVR) 49.09% Weighted Average Seasoning (Months) Weighted Average Remaining Term (Months) Prepayment Information 1 Month 3 Month Prepayment History (CPR) Prepayment History (SMM) Month Cumulative Page 3 of 7

4 Mortgage Pool by Current Loan to Value Ratio (LVR) (%) Up to and including 40% 41, % $4,827,672, % 40% up to and including 45% 7, % $1,627,204, % 45% up to and including 50% 8, % $1,865,870, % 50% up to and including 55% 8, % $2,132,318, % 55% up to and including 60% 9, % $2,398,368, % 60% up to and including 65% 9, % $2,712,625, % 65% up to and including 70% 11, % $3,334,352, % 70% up to and including 75% 13, % $4,109,582, % 75% up to and including 80% 12, % $4,239,266, % 80% up to and including 85% 3, % $1,133,970, % 85% up to and including 90% 2, % $761,174, % 90% up to and including 95% % $306,353, % 95% up to and including 100% % $1,637, % > 100% % $3,179, % Mortgage Pool by Indexed Loan to Value Ratio (LVR) * (%) Up to and including 40% 61, % $9,038,902, % 40% up to and including 45% 10, % $2,529,776, % 45% up to and including 50% 10, % $2,912,976, % 50% up to and including 55% 11, % $3,199,215, % 55% up to and including 60% 10, % $3,143,134, % 60% up to and including 65% 8, % $2,666,638, % 65% up to and including 70% 6, % $2,250,648, % 70% up to and including 75% 4, % $1,693,148, % 75% up to and including 80% 3, % $1,460,277, % 80% up to and including 85% % $304,689, % 85% up to and including 90% % $217,805, % 90% up to and including 95% % $34,601, % 95% up to and including 100% % $181, % > 100% % $1,581, % * Based on quarterly data provided by the Australian Bureau of Statistics Mortgage Pool by Mortgage Loan Interest Rate <=5.00% > 5.00% <= 5.25% > 5.25% <= 5.50% > 5.50% <= 5.75% > 5.75% <= 6.00% > 6.00% <= 6.25% > 6.25% <= 6.50% > 6.55% <= 6.75% > 6.75% <= 7.00% > 7.00% <= 7.25% > 7.25% <= 7.50% > 7.50% <= 7.75% > 7.75% <= 8.00% > 8.00% <= 8.25% > 8.25% <= 8.50% > 8.50% 116, % $27,932,638, % 10, % $1,190,997, % % $39,283, % 1, % $219,607, % % $19,463, % % $289, % % $3,168, % % $7,423, % % $4,457, % % $2,584, % % $5,727, % % $6,486, % % $5,919, % % $7,799, % % $4,634, % % $3,094, % Mortgage Pool by Interest Option Fixed 1 Year Fixed 2 Year Fixed 3 Year Fixed 4 Year Fixed 5 Year Fixed 6 + Year Fixed Rate Variable Rate 12, % $2,678,708, % 3, % $821,825, % 1, % $333,548, % % $74,014, % % $4,978, % % $10,663, % 17, % $3,923,738, % 111, % $25,529,839, % Mortgage Pool by Loan Size (Consolidated) Up to and including 100,000 > 100,000 up to and including 200,000 > 200,000 up to and including 300,000 > 300,000 up to and including 400,000 > 400,000 up to and including 500,000 > 500,000 up to and including 600,000 > 600,000 up to and including 700,000 > 700,000 up to and including 800,000 > 800,000 up to and including 900,000 > 900,000 up to and including 1,000,000 > 1,000,000 up to and including 1,250,000 > 1,250,000 up to and including 1,500,000 > 1,500,000 up to and including 1,750,000 > 1,750,000 up to and including 2,000,000 > 2,000,000 25, % $1,422,599, % 36, % $5,475,674, % 29, % $7,221,050, % 17, % $5,629,936, % 9, % $3,705,869, % 4, % $2,239,771, % 2, % $1,381,855, % 1, % $948,725, % % $626,731, % % $514,759, % % $159,708, % % $75,718, % % $33,213, % % $11,333, % % $6,630, % Page 4 of 7

5 Mortgage Pool by Approval Date 2002Q % $10,288, % 2002Q % $29,067, % 2002Q % $30,036, % 2002Q % $32,525, % 2003Q % $30,665, % 2003Q % $30,577, % 2003Q % $46,111, % 2003Q % $59,898, % 2004Q % $47,651, % 2004Q % $58,154, % 2004Q % $61,955, % 2004Q % $72,602, % 2005Q % $67,864, % 2005Q % $81,253, % 2005Q % $87,605, % 2005Q % $109,717, % 2006Q % $108,247, % 2006Q % $126,266, % 2006Q3 1, % $142,418, % 2006Q % $118,027, % 2007Q % $111,650, % 2007Q2 1, % $189,034, % 2007Q3 1, % $204,394, % 2007Q4 1, % $238,766, % 2008Q1 1, % $227,051, % 2008Q2 1, % $228,840, % 2008Q3 1, % $262,662, % 2008Q4 2, % $360,184, % 2009Q1 2, % $431,153, % 2009Q2 3, % $632,936, % 2009Q3 2, % $545,982, % 2009Q4 2, % $515,218, % 2010Q1 2, % $474,653, % 2010Q2 2, % $504,832, % 2010Q3 2, % $535,456, % 2010Q4 2, % $567,259, % 2011Q1 2, % $484,130, % 2011Q2 2, % $587,870, % 2011Q3 2, % $458,103, % 2011Q4 2, % $493,116, % 2012Q1 1, % $387,360, % 2012Q2 2, % $663,194, % 2012Q3 2, % $584,003, % 2012Q4 2, % $602,469, % 2013Q1 2, % $633,080, % 2013Q2 3, % $791,136, % 2013Q3 3, % $764,935, % 2013Q4 3, % $858,996, % 2014Q1 3, % $907,402, % 2014Q2 4, % $1,108,820, % 2014Q3 4, % $1,031,341, % 2014Q4 4, % $1,203,593, % 2015Q1 5, % $1,474,322, % 2015Q2 6, % $1,980,425, % 2015Q3 4, % $1,316,833, % 2015Q4 3, % $1,157,526, % 2016Q1 3, % $1,203,694, % 2016Q2 5, % $1,824,060, % 2016Q3 3, % $1,098,400, % 2016Q4 1, % $457,743, % Mortgage Pool by Geographic Distribution ACT NSW NT QLD SA TAS VIC WA % $126,596, % 39, % $9,916,642, % 1, % $281,214, % 20, % $4,586,808, % 8, % $1,599,222, % 4, % $627,060, % 41, % $9,030,389, % 12, % $3,285,642, % Mortgage Pool by Loan Type (%) P & I 110, % $23,467,869, % Interest Only 18, % $5,985,708, % Page 5 of 7

6 Mortgage Pool by Documentation Type Full Doc Loans Low Doc Loans No Doc Loans Mortgage Pool by Remaining Interest Only Period up to and including 1 Year 5, % $1,567,586, % > 1 up to and including 2 years 3, % $1,034,578, % > 2 up to and including 3 years 3, % $967,881, % > 3 up to and including 4 years 3, % $1,245,367, % > 4 up to and including 5 years 2, % $1,013,073, % > 5 up to and including 6 years % $33,308, % > 6 up to and including 7 years % $20,823, % > 7 up to and including 8 years % $27,233, % > 8 up to and including 9 years % $47,923, % > 9 up to and including 10 years % $19,928, % > 10 years % $8,003, % 18, % $5,985,708, % Mortgage Pool by Occupancy Status Owner Occupied (Full Recourse) Residential Investment (Full Recourse) Residential Investment (Limited Recourse) 99, % $22,411,436, % 29, % $7,042,141, % Mortgage Pool by Loan Purpose Purchase New Dwelling Purchase Existing Dwelling Refinance Other 5, % $1,384,099, % 89, % $20,375,961, % 33, % $7,693,517, % Mortgage Pool by Loan Seasoning (%) up to and including 3 months > 3 months up to and including 6 months > 6 months up to and including 9 months > 9 months up to and including 12 months > 12 months up to and including 15 months > 15 months up to and including 18 months > 18 months up to and including 21 months > 21 months up to and including 24 months > 24 months up to and including 27 months > 27 months up to and including 30 months > 30 months up to and including 33 months > 33 months up to and including 36 months > 36 months up to and including 48 months > 48 months up to and including 60 months > 60 months up to and including 72 months > 72 months up to and including 84 months > 84 months up to and including 96 months > 96 months up to and including 108 months > 108 months up to and including 120 months > 120 months 2, % $649,134, % 4, % $1,574,610, % 4, % $1,624,619, % 3, % $1,142,868, % 3, % $1,146,308, % 5, % $1,608,082, % 6, % $1,871,835, % 4, % $1,354,093, % 4, % $1,092,659, % 4, % $1,094,653, % 4, % $1,076,066, % 3, % $879,465, % 13, % $3,003,330, % 9, % $2,204,973, % 9, % $2,008,633, % 9, % $2,036,281, % 11, % $2,078,274, % 6, % $1,007,422, % 5, % $698,213, % 10, % $1,302,050, % Mortgage Pool by Payment Frequency (%) Weekly Fortnightly Monthly 28, % $5,652,778, % 40, % $8,104,212, % 59, % $15,696,586, % Mortgage Pool by Remaining Tenor (%) Up to and including 1 Year > 1 Up to and including 2 years > 2 Up to and including 3 years > 3 Up to and including 4 years > 4 Up to and including5 years > 5 Up to and including 6 years > 6 Up to and including 7 years > 7 Up to and including 8 years > 8 Up to and including 9 years > 9 Up to and including 10 years > 10 Up to and including 15 years > 15 Up to and including 20 years > 20 Up to and including 25 years > 25 Up to and including 30 years % $2,639, % % $3,569, % % $6,232, % % $9,747, % % $12,371, % % $22,423, % % $28,711, % % $43,165, % % $61,069, % % $67,864, % 5, % $666,095, % 16, % $2,479,490, % 47, % $9,546,443, % 56, % $16,503,166, % Page 6 of 7

7 Mortgage Pool by Delinquencies 0 Months > 0 up to and including 1 Month > 1 up to and including 2 Months > 2 up to and including 3 Months > 3 up to and including 4 Months > 4 up to and including 5 Months > 5 up to and including 6 Months > 6 Months 127, % $29,065,714, % 1, % $303,648, % % $61,795, % % $21,155, % % $1,263, % Mortgage Pool by Mortgage Insurer (LVR Specific) (%) QBE LMI % $71,847, % Genworth 19, % $4,355,241, % No Primary Mortgage Insurer 108, % $25,026,489, % Mortgage Pool by Remaining Term on Fixed Rate Period > 0 up to and including 3 months > 3 up to and including 6 months > 6 up to and including 9 months > 9 up to and including 12 months > 12 up to and including 15 months > 15 up to and including 18 months > 18 up to and including 21 months > 21 up to and including 24 months > 24 up to and including 27 months > 27 up to and including 30 months > 30 up to and including 33 months > 33 up to and including 36 months > 36 up to and including 48 months > 48 up to and including 60 months > 60 months 1, % $244,978, % 1, % $382,416, % 1, % $300,596, % 1, % $327,287, % 1, % $375,376, % 1, % $402,399, % 1, % $305,534, % 1, % $341,676, % % $231,396, % % $238,311, % % $194,748, % % $156,241, % 1, % $333,318, % % $74,259, % % $15,197, % 17, % $3,923,738, % Indexation Indexation is used in the Asset Coverage Test (ACT) and the Amortisation Test to protect investors from a downward move in property prices. Indexation is applied to the LVR Adjusted Mortgage Loan Balance in the ACT and the Amortisation Test Current Principal Balance in the Amortisation Test. Indexation is applied 85% for upward revision of House Price Index (HPI) and 100% for downward revision. HPI is applied to each individual residential loan based on the loan s approval date. HPI used is the quarterly Australian Bureau of Statistics (ABS) Weighted Average of Eight Capital Cities House Price Index available free to download in excel at < The HPI is designed to provide a measure of the inflation or deflation in the price of the stock of established houses over time. Separate indexes are produced for each capital city in Australia, and these indexes are combined to produce a weighted average index of the eight capital cities. The HPI is published quarterly, approximately five weeks after the end of the reference quarter. The figures published for the two most recent quarters are regarded as preliminary and are revised in subsequent publications as more data is collected. Trust Manager: Securitisation Advisory Services P/L ABN ABN Ground Floor Ground Floor Tower 1, 201 Sussex St Tower 1, 201 Sussex St Sydney NSW 2000 Sydney NSW 2000 Contacts: Richard Nelson, Head of Investor Relations Group Funding Phone: (612) Richard.Nelson@cba.com.au Disclaimer: The information in this report has been obtained from Securitisation Advisory Services Pty Limited (SAS) as the Trust Manager of the CBA Covered Bond Trust. The report does not and is not intended to constitute an offer to sell or a solicitation of any offer to subscribe for or purchase or to continue to hold Covered Bonds issued by (the Bank) in any country or jurisdiction. The report is provided on the basis that investors holding Covered Bonds issued by the Bank have reviewed, understood and obtained their own professional legal, regulatory, tax and accounting advice in relation to the relevant CBA Covered Bond Programme offering and programme documents. This report does not contain all information that may be relevant to a covered bond investor in relation to its investment in the Bank s covered bonds. The information in the report is no guarantee of the future performance of the Bank (as issuer of the covered bonds) or the performance of any of the Mortgage Loans held by Perpetual Corporate Trust Limited (the Covered Bond Guarantor). This report is for the information of covered bond holders only and no person is authorised to use it for any other purpose. No person is authorised to copy this report (or any part of it) or to distribute it (or any part of it) to any other person. None of the Bank, SAS and the Covered Bond Guarantor give any warranty or representation that the information in this report is complete, accurate, up to date or reliable. To the fullest extent permitted by law, each of the Bank, SAS and the Covered Bond Guarantor expressly disclaim all and any liability to any person in respect of anything and of the consequences of anything done or omitted to be done by any person in reliance whether whole or partial, upon the whole or any part of the contents of the information (including the conclusions in the report or any omissions in it). No responsibility or liability will be accepted by the Bank, SAS or the Covered Bond Guarantor for any loss or damage howsoever arising which results from any person acting in whole or in part on the information. No person should act on the basis of any matter contained in the information without considering and, if necessary, taking appropriate professional advice upon that person s own particular circumstances. Page 7 of 7

Commonwealth Bank of Australia Date: 4 January 2018 CBA Covered Bond Trust - Investor Report

Commonwealth Bank of Australia Date: 4 January 2018 CBA Covered Bond Trust - Investor Report Date: 4 January 2018 CBA Covered Bond Trust - Investor Report Monthly Covered Bond Report Date Determination Date Distribution Date 31-December-2017 01-January-2018 22-January-2018 Covered Bond Guarantor