HGH announces DRP strike price and AUD FX rate for dividend

NZX/ASX Release Heartland announces DRP strike price and AUD FX rate for dividend 5 March 2020 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 11 March 2020 is $1.59485594 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 26 February 2020, 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 11 March 2020. 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 0.9573. 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: Person who authorised this announcement: Andrew Dixson Title: Chief Financial Officer, Heartland Group Contact phone number: 021 263 2666 Contact email address: Andrew.Dixson@heartland.co.nz Address: Level 3, Heartland House 35 Teed Street Newmarket Auckland New Zealand End CA:00349447 For:HGH Type:CORPACT Time:2020-03-05 08:43:13