Quotation Notice – Bank of New Zealand (“BNZHA”) PPS

QUOTATION NOTICE: NZX DEBT MARKET BANK OF NEW ZEALAND ("BNZHA") PERPETUAL PREFERENCE SHARES Company: Bank of New Zealand ("BNZ") Security Code: BNZHA ISIN: NZBNZEP001C9 Details of Issue: NZ$375,000,000 of perpetual preference shares ("PPS"). Offer Opening Date: Monday, 29 May 2023 Offer Closing Date: 12:00pm on Friday, 2 June 2023 Maturity Date: Not applicable Rate Reset Date: 4 June 2029 and each quarterly Schedule Distribution Payment Date after that date Distribution Rate: 7.30% per annum until 14 June 2029. After this date, the distribution rate will be a floating rate. Distribution Payment Dates: 14 March, 14 June, 14 September and 14 December in each year and, if the PPS are redeemed, the date on which the PPS are redeemed. Date of First Distribution Payment: Thursday, 14 September 2023 First Distribution Paid To: Holder as at the close of business on the Record Date. Record Date: 10 calendar days before the relevant Distribution Payment Date, or if that date is not a business day, the immediately preceding business day. Early Call Dates: 4 June 2029 and each quarterly Scheduled Distribution Payment Date after that date, or at any time following the occurrence of a Tax Event or Regulatory Event. Minimum Application Amount: NZ$5,000 Minimum Holding: NZ$5,000 Minimum Transferable Amount: No transfer of any part of a Holder's holding may be effected if such transfer would result in the transferor or the transferee holding or continuing to hold a Non-marketable Parcel of PPS. "Non-marketable Parcel" of PPS means a parcel of PPS registered in the same name or same joint names, the aggregate Face Value of which is less than NZ$5,000 or is not a multiple of NZ$1,000. Face Value: NZ$1.00 per PPS Supervisor: Bank of New Zealand, Craigs Investment Partners Limited, Forsyth Barr Limited, Hobson Wealth Partners Limited and Jarden Securities Limited Lead Manager: Not applicable Trust Deed Dated: N/A Issue Date: Wednesday, 14 June 2023 Registrar: Computershare Investor Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Thursday, 15 June 2023 Mark Peterson Chief Executive Officer NZX Limited 02 06 2023 End CA:00412518 For:BNZ Type:OFFER Time:2023-06-02 15:45:45