Revised indicative margin range for green green bond offer

Media release 19 September 2023 Auckland Council revises indicative margin range for green bond offer As announced yesterday, Auckland Council (Council) is offering up to NZ$200,000,000 of secured, unsubordinated five year fixed rate green bonds (with the ability to accept up to NZ$100,000,000 in oversubscriptions at Council's discretion) (Green Bonds) to New Zealand retail investors and to institutional investors. As at 4:00pm NZT, the firm order book is in excess of NZ$350,000,000 (including $75,000,000 of Joint Lead Manager trading interest). Subsequently, Council has revised the indicative margin range to now be 0.65 per cent to 0.68 per cent per annum. Full details of the offer of Green Bonds are contained in the terms sheet which has been prepared for the offer and was attached to the launch announcement released yesterday. An announcement of the actual margin (which may be above or below the revised indicative margin range of 0.65 per cent to 0.68 per cent per annum) and the interest rate on the Green Bonds will be made on 20 September 2023 following the bookbuild process. The terms sheet will be updated to include the interest rate and will also be released on 20 September 2023. Interested investors should contact the Joint Lead Managers (details below) or their usual financial adviser for more details. Joint Lead Managers ANZ Bank New Zealand Limited 0800 269 476 Bank of New Zealand 0800 284 017 Commonwealth Bank of Australia (ABN 48 123 123 124) (acting through its New Zealand branch) 0800 272 266 Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) 0800 772 142 Ends For assistance, please contact: Priscilla Southcombe, Senior Specialist Corporate Communications and Media, Mobile: +64 27 290 9934 Email: priscilla.southcombe@aucklandcouncil.govt.nz End CA:00418498 For:AKC Type:OFFER Time:2023-09-19 16:19:20