HGH announces DRP strike price and AUD FX rate for dividend

NZX/ASX Release Heartland announces strike price for Dividend Reinvestment Plan and AUD FX rate for dividend 2 September 2019 Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) advises that the strike price for shares to be issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 6 September 2019 is $1.54446002 per share. The strike price has been determined in accordance with the DRP as the volume weighted average sale price for a Heartland share calculated on all trades of Heartland shares which took place through the NZX Main Board over the period of 5 trading days immediately following the record date of 23 August 2019, less a 2% discount. Shareholders who have made a valid election to participate in the DRP will receive Heartland shares, instead of cash, for the dividend payable on 6 September 2019. Heartland also advises that the foreign exchange rate to be used for payment of the cash dividend in Australian dollars (where applicable) has been set at 0.9448. A revised distribution notice in respect of the dividend and the new shares to be issued under the DRP is attached. - Ends - For further information, please contact: Cherise Barrie Chief Financial Officer Heartland Bank Limited 09 927 9059 027 503 6119 Michael Drumm General Counsel Heartland Group Holdings Limited 09 927 9136 Andrew Dixson Head of Corporate Finance Heartland Group Holdings Limited 021 263 2666 End CA:00340177 For:HGH Type:CORPACT Time:2019-09-02 09:31:37