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NZX Release 31 August 2022 SBS credit rating affirmed at 'BBB', outlook positive On 30 August 2022, Fitch Ratings (Fitch) affirmed Southland Building Society's (SBS) credit rating at 'BBB' with a positive outlook. Refer to the attached Fitch rating action commentary on SBS. ENDS For further information, please contact: Mandy Oosterbroek Marketing Manager 027 500 1247 Mandy.oosterbroek@sbsbank.co.nz This document has been authorised for release by Mark McLean, Group Chief Executive End CA:00397995 For:SBS Type:GENERAL Time:2022-08-31 09:15:41