Quotation Notice: Kiwibank Ltd (“KWB1T2”)

QUOTATION NOTICE: NZX DEBT MARKET KIWIBANK LIMITED ("KWB1T2") BONDS Company: Kiwibank Limited ("KWB") Security Code: KWB1T2 ISIN: NZKIWD1T2L2 Details of Issue: NZ$200 million of unsecured subordinated notes ("Notes") Offer Opening Date: Tuesday, 2 May 2023 Offer Closing Date: Friday, 5 May 2023 Maturity Date: Thursday, 12 May 2033 Interest Rate: 6.40% per annum until 12 May 2028, and then reset to a new fixed rate until the Notes are repaid. Interest Payment Dates: Interest is scheduled to be paid quarterly in arrear on 12 February, 12 May, 12 August and 12 November during the Term, and the Maturity Date Date of First Interest Payment: 12 August 2023, which is a non-business day meaning the first interest payment is to be made on Monday, 14 August 2023 First Interest Paid To: Holder on Record Date Record Date: 5pm on the 10th calendar day before the relevant Interest Payment Date, or if such a day is not a Business Day, the immediately preceding Business Day. Minimum Application Amount: NZ$5,000 Minimum Holding: NZ$5,000 Minimum Transferable Amount: Aggregate Face Value multiples of NZ$1,000 Face Value: NZ$1.00 per note Supervisor: N/A - offer is made in reliance on the registered bank exemption under the FMC Act, Sch 1 cl 21(b) Joint Lead Managers: Bank of New Zealand, Craigs Investment Partners Limited, Forsyth Barr Limited Trust Deed Dated: Deed Poll dated 26 April 2023 Issue Date: Friday, 12 May 2023 Registrar: Link Market Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Monday, 15 May 2023 Mark Peterson Chief Executive Officer NZX Limited 5 05 2023 End CA:00410981 For:KWB Type:OFFER Time:2023-05-05 16:21:17