This information is not, and should not be considered as, a securities recommendation or financial product advice. This is not an offer of, or invitation to apply for, Notes. This information does not take into account your investment objectives, financial situation or particular needs. In deciding whether to subscribe for Notes you should read the Prospectus carefully and in its entirety and seek investment advice from your financial adviser. An investment in Notes is subject to investment risk, including possible deferral of interest payments, delays in repayment, loss of income and principal invested and risks in relation to Caltex. These risks and others are described in the Prospectus. Caltex does not guarantee the value or performance of Notes, the repayment of your investment or any particular rate of return and there is a risk that you could lose some or all of your investment.

Notes are to be issued by Caltex Australia Limited (ABN 40 004 201 307). Notes are not bank deposits. The offer of Notes is being made pursuant to the replacement Prospectus lodged by Caltex with the Australian Securities and Investments Commission ("ASIC") on 8 August 2012.