Fitch Assigns Ex-Government Support Ratings to Kiwibank

Fitch Assigns Ex-Government Support Ratings to Kiwibank Limited Fitch Ratings (Fitch) has, on 28 April 2023, assigned ex-government support or 'xgs' ratings to Kiwibank Limited. This rating action follows the publication by Fitch of Bank Ex-Government Support Ratings Criteria on 11 April 2023. The ex-government support ratings exclude assumptions of extraordinary government support from the underlying ratings. Kiwibank's Long Term xgs ratings are set at the level of its Viability Rating (bbb+). For further information see https://www.fitchsolutions.com/long-reads/white-paper/basel-iii-credit-risk-f aq. Kiwibank's current ratings, including its Long Term Issuer Default Rating (AA) and Viability Rating, remain unchanged. Geoff Martin Head of Funding Ph +64 4 439 6932 Geoff.Martin@kiwibank.co.nz End CA:00410612 For:KWB Type:CREDIT Time:2023-05-01 08:30:10