L&Q Notice – Southland Building Society (“SBS010”) Bonds

LISTING AND QUOTATION NOTICE: NZX DEBT MARKET SOUTHLAND BUILDING SOCIETY BONDS ("SBS010") Company: Southland Building Society Issuer Code: SBS Security Code: SBS010 ISIN: NZSBBDT297C3 Short Name: SBS Bank Registered Office: 51 Don Street, Invercargill 9810 Website: www.sbsbank.co.nz Telephone Number: 0800 727 2265 Financial Year End: 31 March Nature of Business: New Zealand based retail bank. Directors: Joe O'Connell, Kathryn Ball, Greg Mulvey, Mike Skilling, Mark O'Connor, Kevin Murphy, and Sarah Brown. Details of Issue: NZ$150 million unsecured, senior, fixed rate, medium term bonds. Opening Date: Tuesday, 8 March 2022 Closing Date: 11am, Friday 11 March 2022 Interest Rate: 4.32% Maturity Date: Thursday, 18 March 2027 Interest Payment Dates: The Interest Payment Dates will be paid quarterly in arrear on 18 March, 18 June, 18 September, and 18 December in each year (or if that date is not a Business Day, the next Business Day without adjustment, interest or further repayment as a result thereof), until (and including) the Maturity Date. Date of First Interest Payment: Saturday, 18 June 2022 with payment on Monday, 20 June 2022, being the first Business Day following the First Interest Payment Date. First Interest Paid To: Holder on Record Date Record Date: The tenth calendar day before the relevant interest payment date, or if that date is not a business day, the immediately preceding business day. Minimum Application Amount: NZ$5,000 Minimum Holding: NZ$5,000 Minimum Transferrable Amount: NZ$1,000 Face Value: $1.00 per Security Arranger and Organising Participant: Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) Forsyth Barr Limited Auditor: KPMG Chartered Accountants Solicitor: Buddle Findlay Trust Deed Dated: Master Deed dated 30 April 2014 (as amended and restated on 26 September 2017). Supplemental Deed dated 28 February 2022. LDD dated 28 February 2022. Issue Date: Friday, 18 March 2022 Registrar: Computershare Investor Services Limited ("RMLT") Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Monday, 21 March 2022 Mark Peterson Chief Executive Officer NZX Limited 14 03 2022 End CA:00389149 For:SBS Type:OFFER Time:2022-03-21 09:10:47