Quotation Notice – Heartland Bank Limited (“HBL1T2”)

QUOTATION NOTICE: NZX DEBT MARKET HEARTLAND BANK LIMITED NOTES ("HBL1T2") Company: Heartland Bank Limited ("HBL") Security Code: HBL1T2 ISIN: NZHBLD01T2L8 Details of Issue: NZ$100,000,000 of unsecured, subordinated notes. Offer Opening Date: Monday, 17 April 2023 Offer Closing Date: Friday, 21 April 2023 Maturity Date: Thursday, 28 April 2033 Interest Rate: 7.51% per annum until 28 April 2028. After this date the interest rate will be a floating rate. Rate Reset Date: Friday, 28 April 2028, and each Interest Payment Date after that. Interest Payment Dates: 28 January, 28 April, 28 July, and 28 October during the term of the notes, and the date on which the notes are repaid. If the payment date is not a business day, payment will be made on the next business day. After 28 April 2028, if the payment date is not a business day, payment will be made on the next business day unless that day falls in the next calendar month, in which case it will be the preceding business day. Date of First Interest Payment: Friday, 28 July 2023 First Interest Paid To: Holder on Record Date Record Date: 10 calendar days 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 Transferable Amount: NZ $1,000 Face Value: NZ $1.00 Supervisor: N/A Lead Manager: Bank of New Zealand, Craigs Investment Partners Limited, Forsyth Barr Limited, Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) Trust Deed Dated: Deed Poll dated 11 April 2023 Issue Date: Friday, 28 April 2023 Registrar: Link Market Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Monday, 1 May 2023 Mark Peterson Chief Executive Officer NZX Limited 21 04 2023 End CA:00410300 For:HBL Type:OFFER Time:2023-04-21 16:12:51