Agreement to sell BNZ Life Insurance

Exchange announcement 16 December 2020 Agreement to sell BNZ Life Insurance business to Partners Life Attached is an announcement provided by National Australia Bank Limited (the ultimate parent company of Bank of New Zealand) to the Australian Securities Exchange today relating to its agreement to sell BNZ Life, its New Zealand life insurance business, to Partners Life. Ends For further information, please contact: Amber Oram, GM Governance and Company Secretary, BNZ M. 021 757504, E. amber_oram@bnz.co.nz Michael Burgess, Manager External Communications, BNZ M. 021 1947721, E. michael_burgess@bnz.co.nz End CA:00365171 For:BNZ Type:GENERAL Time:2020-12-16 17:00:23