AIA – AA revises indicative margin for retail bond offer

Market Release | 26 September 2018 Auckland Airport revises indicative margin for retail bond offer As announced on 24 September 2018, Auckland International Airport Limited ("Auckland Airport") is offering up to NZ$125,000,000 of six year fixed rate bonds (with the ability to accept up to NZ$50,000,000 in oversubscriptions at Auckland Airport's discretion) (the "Bonds") to New Zealand retail investors and to institutional investors. Subsequent to that announcement Auckland Airport has today revised the indicative margin range to now be 0.95 to 1.00 per annum. Full details of the bond issue are contained in the terms sheet which has been prepared for the offer and was attached to the launch announcement on 24 September 2018. An announcement of the actual margin (which may be above or below the revised indicative margin range of 0.95 to 1.00 per cent per annum) and the interest rate on the Bonds will be made later today following the conclusion of the bookbuild process. The terms sheet will be updated to include the interest rate and will also be released later today. Interested investors should contact the Joint Lead Managers or their usual financial adviser for more details. Ends For assistance, please contact: Campbell De Morgan Treasury Specialist +64 9 255 9029 campbell.demorgan@aucklandairport.co.nz ANZ Bank New Zealand Limited 0800 269 476 Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) 0800 942 822 End CA:00324390 For:AIA Type:GENERAL Time:2018-09-26 09:52:38