HBL sets rate on note offer and releases Final Terms Sheet

Heartland Bank Limited sets rate on note offer and releases Final Terms Sheet Date 5 April 2019 Release Immediate As announced earlier today, Heartland Bank Limited ("Issuer") has today closed its offer of 5 year, unsecured, unsubordinated, fixed rate notes ("Notes"). The offer was successful, with the final amount to be issued being set at $125 million (which includes oversubscriptions of $50 million). The interest rate for the Notes has been set at 3.55% per annum. This reflects a margin of 1.75% per annum. The Notes will be issued on 12 April 2019 and will mature on 12 April 2024. The Notes are expected to be quoted on the NZX Debt Market on 15 April 2019 under the ticker code HBL020. A Final Terms Sheet for the Notes is attached. 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:00333041 For:HBL Type:OFFER Time:2019-04-05 14:39:50