Quotation Notice – Heartland Bank Limited (“HBL020”) Bonds

QUOTATION NOTICE: NZX DEBT MARKET HEARTLAND BANK LIMITED ("HBL020") FIXED RATE NOTES Company: Heartland Bank Limited ("HBL") Security Code: HBL020 ISIN: NZHBLD0020L2 Details of Issue: An offer of NZ$125 million of unsecured, unsubordinated, fixed rate notes. Opening Date: Monday, 1 April 2019 Closing Date: Friday, 5 April 2019 Interest Rate: 3.55% per annum Maturity Date: 12 April 2024 Interest Payment Dates: 12 October and 12 April of each year up to and including the Maturity Date Date of First Interest Payment: Saturday, 12 October 2019 (as this date is a non-business day, Payment will fall on Monday, 14 October 2019) First Interest Paid To: Holder on Record Date Record Date: 10 calendar days prior to the relevant interest payment date or, if that date is not a business day, the immediately preceding business day Minimum Application Amount: $5,000 Minimum Holding: $5,000 Minimum Transferable Amount: $1,000 Face Value: $1.00 per Bond Organising Participant/Joint Lead Manager: Bank of New Zealand Limited Deed Poll Dated: 18 August 2017, as modified and supplemented by the supplemental trust deed poll (no 2) dated on 29 March 2019 Issue Date: Friday, 12 April 2019 Registrar: Link Market Services Limited (LNKT) Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Monday, 15 April 2019 Mark Peterson Chief Executive Officer NZX Limited 5 April 2019 End CA:00333048 For:NZXR Type:OFFER Time:2019-04-05 16:16:28