Announcement from Bank of New Zealand

Exchange announcement 4 May 2018 Announcement from Bank of New Zealand Pursuant to Listing Rule 10.6.1(a), Bank of New Zealand (BNZ) today announces that on or around 8 May 2018, it is planning to issue NZ$500 million of convertible subordinated unsecured notes (Notes) to National Australia Bank Limited. The Notes are intended to qualify as Tier 2 Capital of BNZ for New Zealand regulatory purposes. Ends For further information, please contact: Neil Bradley, Treasurer, BNZ T. 09 976 5020, E. neil_bradley@bnz.co.nz End CA:00317591 For:BNZ Type:ADMIN Time:2018-05-04 12:13:33