ASB Bank Limited (ABB030) Subordinated Notes – Redemption

Memorandum To: Market Participants From: NZX Product Operations Date: Wednesday, 29 May 2019 Subject: ASB Bank Limited ("ABB030") Subordinated Notes - Redemption Message: Further to the announcement released by ASB Bank Limited ("ABB") on Friday, 3 May 2019 at 2:50pm, NZX Operations ("NZXO") advises that, ABB will exercise its right to fully redeem their subordinated notes ("ABB030"). The final quotation date for ABB030 will be Monday, 17 June 2019. The final day of trading in ABB030 will be Wednesday, 5 June 2019, prior to the notes being suspended at close of business. A timetable of events is detailed in the attached. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00335223 For:ABB Type:MEMO Time:2019-05-29 15:04:47