The securities comprising the relevant Reference Portfolio will be rebalanced annually 10 Business Days prior to each Annual Observation Date by the Issuer to replace any Reference Security that no longer satisfies the Selection Criteria (refer 'Reference Portfolios' page 19 of the PDS with those that do satisfy the Selection Criteria above.

Any change to the Reference Portfolio Entities following an Annual Rebalancing will take effect on the day immediately following the relevant Annual Observation Date.