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NZX/ASX Release Fitch affirms credit rating of Heartland Group companies 1 November 2018 Heartland Group Holdings Limited (NZX/ASX:HGH) (Heartland Group) is pleased to announce that Fitch Australia Pty Ltd (Fitch) has affirmed its long term issuer default rating of the following Heartland Group companies: Heartland Group Holdings Limited (HGH) BBB (Outlook Stable) Heartland Bank Limited (HBL) BBB (Outlook Stable) Heartland Australia Group Pty Ltd (HAG) BBB- (Outlook Stable) The full report from Fitch is attached to this announcement. - Ends - For further information please contact: David Mackrell Chief Financial Officer Heartland Group Holdings Limited DDI 09 927 9561 Email: david.mackrell@heartland.co.nz End CA:00326210 For:HBL Type:MKTUPDTE Time:2018-11-02 08:30:44