Important information for New Zealand investors

BT Premium Cash Fund

NZ investors:  BTFM has elected, with effect from 1 November 2016, under clause 7 of Schedule 4 of the Financial Markets Conduct Act 2013 for the offer of BT Premium Cash Fund to be made into New Zealand under the Financial Markets Conduct Regulations 2014 rather than the Securities (Mutual Recognition of Securities Offerings—Australia) Regulations 2008. Prospective investors will, from the date of registration of the offers in New Zealand, be able to find New Zealand regulatory information about the offers on the Disclose website http://www.business.govt.nz/disclose by selecting ‘search offers’ and searching for the name of the relevant fund. Prospective investors can also email BT Funds Management Limited for more information at customer.relations@btfinancialgroup.com.

BT Investment Funds

NZ investors: BTFM, BTFM2 and WFSL have elected, with effect from 2 November 2016, under clause 7 of Schedule 4 of the Financial Markets Conduct Act 2013 for the offers of BT External International Shares 3, BT American Share Fund, BT Asian Share Fund, BT Australian Share Fund, BT Cash Management Trust, BT European Share Fund, BT Future Goals Fund, BT Income Plus Fund, BT International Fund, BT Japanese Share Fund, BT Property Securities Fund, BT Technology Fund, BT Active Balanced Fund, BT Diversified Share Fund, BT Fixed Interest Fund, BT Imputation Fund and BT Smaller Companies Fund to be made into New Zealand under the Financial Markets Conduct Regulations 2014 rather than the Securities (Mutual Recognition of Securities Offerings—Australia) Regulations 2008. Prospective investors will, from the date of registration of the offers in New Zealand, be able to find New Zealand regulatory information about the offers on the Disclose website http://www.business.govt.nz/disclose by selecting ‘search offers’ and searching for the name of the relevant fund. Prospective investors can also email BT Funds Management Limited for more information at customer.relations@btfinancialgroup.com.

BT Investment Choice

NZ investors: WFSL has elected, with effect from 1 November 2016, under clause 7 of Schedule 4 of the Financial Markets Conduct Act 2013 for the offers of Westpac Australian Tax Effective Share Fund, Westpac Balanced Growth Fund, Westpac Dynamic Growth Fund, Westpac International Share Fund and Westpac Moderate Growth Fund to be made into New Zealand under the Financial Markets Conduct Regulations 2014 rather than the Securities (Mutual Recognition of Securities Offerings—Australia) Regulations 2008. Prospective investors will, from the date of registration of the offers in New Zealand, be able to find New Zealand regulatory information about the offers on the Disclose website http://www.business.govt.nz/disclose by selecting ‘search offers’ and searching for the name of the relevant fund. Prospective investors can also email BT Funds Management Limited for more information at customer.relations@btfinancialgroup.com.

BT Classic Investment Funds

NZ investors: BTFM and BTFM2 have elected, with effect from 1 November 2016 (or in the case of the BT Asset Selection Fund and the BT Active Balanced Fund - NEF with effect from 2 November 2016), under clause 7 of Schedule 4 of the Financial Markets Conduct Act 2013 for the offers of BT Asset Selection Fund, BT Australasian Bond Fund, BT Balanced Returns Fund, BT Global Bond Fund, BT International Share Fund, BT Select Australian Share Fund, BT Split Growth Fund, BT Split Income Fund, BT Active Balanced Fund - NEF, BT Core Australian Share Fund, BT Diversified Share Fund – NEF and BT Natural Resources Fund to be made into New Zealand under the Financial Markets Conduct Regulations 2014 rather than the Securities (Mutual Recognition of Securities Offerings—Australia) Regulations 2008. Prospective investors will, from the date of registration of the offers in New Zealand, be able to find New Zealand regulatory information about the offers on the Disclose website http://www.business.govt.nz/disclose by selecting ‘search offers’ and searching for the name of the relevant fund. Prospective investors can also email BT Funds Management Limited for more information at customer.relations@btfinancialgroup.com.