HBL closes note offer and announces size and margin

Heartland Bank Limited closes note offer and announces size and margin Date 5 April 2019 Release Immediate Heartland Bank Limited ("Issuer"), has today announced that the offer of 5 year, unsecured, unsubordinated, fixed rate notes ("Notes") has closed, with the final amount to be issued being $125 million. All of the Notes have been allocated to participants (or their clients) in the bookbuild process. The issue margin for the Notes has been set at 1.75% per annum and the interest rate will be announced later today, with the final terms sheet. Ends For more information please call: Joint Lead Managers o BNZ 0800 284 017 o Commonwealth Bank of Australia (acting through its New Zealand branch) 0800 272 633 o Deutsche Craigs Limited 0800 226 263 o Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) 0800 942 822 Heartland Bank Limited Michael Drumm General Counsel Michael.Drumm@heartland.co.nz T:(09) 927 9136 End CA:00333035 For:HGH Type:OFFER Time:2019-04-05 13:18:24