Vector Fixed Rate Bond Offer – Interest Rate Set

VECTOR FIXED RATE BOND OFFER - INTEREST RATE SET Vector Limited (Vector) today announced that, following a successful bookbuild for its offer of 6 year, unsecured, unsubordinated, fixed rate bonds, NZ$250 million of bonds have been allocated to participants in the bookbuild process. This includes oversubscriptions of $50 million, which is 100% of the amount available for oversubscriptions. There was no public pool for the offer. The interest rate for the bonds has been set at 3.45% per annum, which is the minimum interest rate for the bonds. The bonds will be issued on 27 May 2019 and will mature on 27 May 2025. The bonds are expected to be quoted on the NZX Debt Market under the ticker code VCT090. A copy of the final terms sheet for the bonds has been provided to NZX with this announcement and is also available through www.vector.co.nz/investors/bonds or by contacting a Joint Lead Manager or a NZX Participant. Vector has lodged a Product Disclosure Statement (PDS) with the Registrar of Financial Service Providers in New Zealand. The PDS and other information in relation to the bonds and the offer are available on the Disclose Register at www.companiesoffice.govt.nz/disclose under Vector's offer number OFR12633. To obtain a free copy of the PDS for the bonds, investors can also contact one of the Joint Lead Managers listed below, or their usual financial advisor. A copy of the PDS is also available at www.vector.co.nz/investors/bonds. Joint Lead Managers ANZ 0800 269 476 DeutscheCraigs 0800 226 263 Forsyth Barr 0800 367 227 Westpac 0800 942 822 ENDS About Vector Vector is New Zealand's leading network infrastructure company which runs a portfolio of businesses delivering energy and communication services to more than one million homes and commercial customers across the country. Vector is leading the country in creating a new energy future for customers and continues to grow and invest in the growth of Auckland and in a wide range of activities and locations. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For further information, visit www.vector.co.nz. Contact Investor Queries Elissa Downey External Relations Mobile: 021 866 146 End CA:00334654 For:VCT Type:OFFER Time:2019-05-16 15:18:11