Repayment of NZ$835 million perpetual subordinated bonds

ANZ Bank New Zealand Limited advises that it intends to repay NZ$835 million of perpetual subordinated bonds under ticker code ANBHA (the Bonds) on the next call date, 18 April 2018. Repayment of the principal amount of, and interest on, the Bonds held by each bondholder as at 6 April 2018 (the record date for the repayment) will be made in accordance with the terms and conditions applicable to the Bonds set out in the deed poll dated 27 February 2008 and the relevant bondholder's instructions to Computershare Investor Services Limited. If bondholders have any queries regarding the repayment of the Bonds, they can contact Computershare on +64 9 488 8777 or enquiry@computershare.co.nz. ANB will send notice to bondholders in due course. Paul Daley Treasurer Phone: +64 4 436 6798 Email: nztreasurer@anz.com APPENDIX 7 - NZSX Listing Rules EMAIL: announce@nzx.com Notice of event affecting securities Number of pages including this one (Please provide any other relevant 1 NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. details on additional pages) For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required. Full name ANZ Bank New Zealand Limited of Issuer Name of officer authorised to Paul Daley, Treasurer Authority for event, Directors' resolution make this notice e.g. Directors' resolution Contact phone (04) 436 6798 Contact fax 9 2 2018 number number Date Nature of event Bonus If ticked, Rights Issue Tick as appropriate Issue state whether: Taxable / Non Taxable Conversion Interest Renouncable Rights Issue Capital Call Dividend If ticked, state Full non-renouncable change X whether: Interim Year Special DRP Applies EXISTING securities affected by this If more than one security is affected by the event, use a separate form. Description of the Perpetual Subordinated Bonds (ANBHA) ISIN NZANBD0006S7 class of securities If unknown, contact NZX Details of securities issued pursuant to this event If more than one class of security is to be issued, use a separate form for each class. Description of the ISIN class of securities If unknown, contact NZX Number of Securities to Minimum Ratio, e.g be issued following event Entitlement 1 for 2 for Conversion, Maturity, Call Treatment of Fractions Payable or Exercise Date Enter N/A if not applicable Tick if provide an pari passu OR explanation Strike price per security for any issue in lieu or date of the Strike Price available. ranking Monies Associated with Event Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. In dollars and cents Source of Amount per security $1.000 Payment (does not include any excluded income) Excluded income per security (only applicable to listed PIEs) New Zealand Dollars Supplementary Amount per security Currency dividend in dollars and cents details - $835,000,000 NZSX Listing Rule 7.12.7 Date Payable Total monies Taxation Amount per Security in Dollars and cents to six decimal places In the case of a taxable bonus $ Resident $ Imputation Credits issue state strike price Withholding Tax (Give details) Foreign $ FDP Credits Withholding Tax (Give details) Timing (Refer Appendix 8 in the NZSX Listing Rules) Record Date 5pm Application Date For calculation of entitlements - Also, Call Payable, Dividend / 6 April, 2018 Interest Payable, Exercise Date, 18 April, 2018 Conversion Date. Notice Date Allotment Date Entitlement letters, call notices, For the issue of new securities. conversion notices mailed To be confirmed Must be within 5 business days of application closing date. OFFICE USE ONLY Ex Date: Commence Quoting Rights: Security Code: Cease Quoting Rights 5pm: Commence Quoting New Securities: Security Code: Cease Quoting Old Security 5pm: End CA:00313990 For:ANB Type:CORPACT Time:2018-02-09 14:29:59