Issue of Shares under Dividend Reinvestment Plan

Air New Zealand Limited (NS) (AIR) | 5:09 pm, Monday 22 September 2008

AIR
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Market Announcement
Type:ALLOT

Issue of shares under Dividend Reinvestment Plan
Air New Zealand Limited announces that on Friday 19th September it issued 3,520,740 Ordinary Shares pursuant to Air New Zealand’s Dividend Reinvestment Plan.

In connection with the issue, Air New Zealand advises the following details:
(a) Class of security and ISIN: Ordinary shares (NS) ISIN NZAIRE0001S2
(b) Number of securities issued: 3,520,740
(c) Issue Price: NZ$1.0669
(d) Payment in cash: Yes
(e) Amount paid up: Fully paid up
(f) Percentage of total
class of securities: 0.33%
(g) Reason for issue: Dividend Reinvestment Plan
(h) Specific authority for issue: Directors’ Resolution
(i) Terms or details of issue: Dividend Reinvestment Plan Offer Document
(j) Total number of securities of
the class after issue: 1,061,122,233 (1,057,601,493 + 3,520,740)
(k) Treasury Stock: Not applicable
(l) Date of issue: 19 September 2008

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