QUOTATION NOTICE: BANK OF NEW ZEALAND (“BNZ170”)

QUOTATION NOTICE: NZX DEBT MARKET BANK OF NEW ZEALAND ("BNZ170") NOTES Company: Bank of New Zealand ("BNZ") Security Code: BNZ170 ISIN: NZBNZDT402C6 Details of Issue: NZ $600,000,000 unsecured, unsubordinated, fixed rate Notes Offer Opening Date: Tuesday, 15 November 2022 Offer Closing Date: 11.00am NZT Friday, 18 November 2022 Maturity Date: Thursday, 25 May 2028 Interest Rate: 5.536% per annum Interest Payment Dates: 25 May and 25 November of each year up to and including the Maturity Date. Date of First Interest Payment: Thursday, 25 May 2023 First Interest Paid To: Holder on Record Date Record Date: Close of business on the tenth calendar day before the Interest Payment Date (without adjusting such date for payment according to any Business Day Convention) Minimum Application Amount: NZ $5,000, with multiples of NZ $1,000 thereafter Minimum Holding: NZ $5,000 Minimum Transferable Amount: NZ $1,000 Face Value: NZ $1.00 Supervisor: N/A Lead Manager: BNZ Trust Deed Dated: Issued pursuant to the deed poll dated 14 November 2013 (as amended and restated on 2 August 2018, and amended on 31 May 2019) and final terms to be dated 18 November 2022 Issue Date: Friday, 25 November 2022 Registrar: Computershare Investor Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Monday, 28 November 2022 Mark Peterson Chief Executive Officer NZX Limited 18 11 2022 End CA:00402659 For:BNZ Type:OFFER Time:2022-11-18 15:58:05