Kiwibank subordinated notes offer – offer closed

KIWIBANK LIMITED SUBORDINATED NOTES OFFER - OFFER CLOSED Following the successful Bookbuild for its offer of unsecured subordinated notes (Notes), Kiwibank Limited (Kiwibank) confirmed today that the offer has closed and $200 million of Notes have been allocated to participants (or their clients) involved in the Bookbuild. There was no public pool for the offer. The Margin for the Notes has been set at 2.20% per annum. The interest rate for the first 5 years of the Term will be a fixed rate equal to the sum of the Swap Rate on the Rate Set Date (5 May 2023) plus the Margin and will be announced by Kiwibank via NZX and available at www.kiwibank.co.nz/about-us/governance/investor-centre/kiwibank-capital-instr uments/ later today, along with the release of the final terms sheet. Details of the offer and the Notes are contained in the Limited Disclosure Document (LDD), which is available on the Disclose Register at www.disclose-register.companiesoffice.govt.nz/ under offer number OFR13513. Copies of the LDD, the investor presentation for the offer and the indicative terms sheet are available at www.kiwibank.co.nz/about-us/governance/investor-centre/kiwibank-capital-instr uments/, or by contacting one of the Joint Lead Managers to the offer (listed below) or your usual financial advice provider. For further information, please contact a Joint Lead Manager or your usual financial advice provider. Joint Lead Managers Bank of New Zealand 0800 275 269 Craigs Investment Partners Limited 0800 226 263 Forsyth Barr Limited 0800 367 227 End CA:00410974 For:KWB Type:OFFER Time:2023-05-05 12:34:12