NAB & Jarden launch NZ wealth & asset management business

Exchange announcement 14 December 2023 NAB and Jarden Wealth to launch New Zealand wealth and asset management business Attached is an announcement provided by National Australia Bank Limited (NAB), the ultimate parent company of Bank of New Zealand (BNZ), to the Australian Securities Exchange today relating to its agreement to launch a New Zealand wealth and asset management business. The proposed transaction, which is expected to be completed by June 2024, subject to satisfaction of certain conditions, including New Zealand regulatory approvals, will bring NAB's JBWere New Zealand and BNZ Investment Services Limited businesses together with Jarden Wealth and Harbour Asset Management, to create a leading advice and asset management business for clients in New Zealand. BNZ's relationship with the new entity (to be called "FirstCape") is expected to significantly enhance BNZ's ability to meet the wealth management needs of its customers. Ends For further information, please contact: Michelle Sutcliffe, GM Governance and BNZ Company Secretary M. 021 306 985, E. michelle_sutcliffe@bnz.co.nz End CA:00423483 For:BNZ Type:GENERAL Time:2023-12-14 09:30:24