BNZ fixed rate notes offer: bookbuild update

Exchange announcement 23 August 2023 BNZ fixed rate notes offer: bookbuild update On 21 August 2023, Bank of New Zealand (BNZ) announced that it is offering up to NZ$100 million of a new series of unsecured unsubordinated fixed rate notes with a maturity date of 1 September 2028 to New Zealand retail investors and to certain institutional investors, with the ability to accept unlimited oversubscriptions at its discretion. More information on the offer is contained in the Terms Sheet which was attached to the launch announcement on 21 August 2023. The bookbuild process is underway: - Firm orders and soft indications are in excess of NZ$625 million (excluding Lead Manager trading interest). - The indicative margin in the launch announcement was 1.00% - 1.05% per annum. - The indicative margin has been revised to 1.00% per annum. - Bids are due by 11am NZT, Thursday 24 August 2023. Ends For further information, please contact: May Zhang, Treasurer, BNZ T. 09-924-9203, E. bnz_treasury@bnz.co.nz End CA:00416913 For:BNZ Type:OFFER Time:2023-08-23 11:25:39