Great Western Bancorp, Inc. Elects Two Members to its Board of Directors

Great Western Bancorp, Inc. (NYSE: GWB) today announced that its stockholders have elected two nominated directors to its Board of Directors. The vote was approved at the Great Western Bancorp, Inc. annual stockholder meeting on February 8, 2016. The re-elected directors include Ken Karels and James Spies. Both Karels and Spies will hold the office until 2019.

Ken Karels has served as President and CEO of Great Western Bancorp, Inc. since 2010 and is also the President and CEO of its wholly owned subsidiary Great Western Bank. Mr. Karels has 38 years of banking experience and was recently appointed to the Federal Advisory Council of the Federal Reserve Board.

James Spies is President and CEO of Spies Corporation, a privately-held company that owns, operates and develops real estate. Mr. Spies has served as a director on the Bank board since 1983 and was first elected to the Bancorp board in 2015.

Additionally, the stockholders ratified the appointment of Ernst & Young LLP as Great Western Bancorp’s independent registered public accounting firm for the fiscal year ending September 30, 2016.

About Great Western Bancorp, Inc.

Great Western Bancorp, Inc. is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. As of December 31, 2015, the bank services its customers through 158 branches in seven states: South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri. To learn more about Great Western Bank visit www.greatwesternbank.com.

Forward Looking Statements

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Great Western Bancorp, Inc.Media Contact:Ann Nachtigal, [e-mail] Relations Contact:David Hinderaker, [e-mail]