Notification of Allotment of Securities

NZX Release Notification of Allotment of Securities 14 December 2017 For the purposes of Listing Rules 7.12.1 of the NZX Main Board Listing Rules, Heartland Bank Limited (NZX: HBL) advises that the following securities have been issued pursuant to its 1 for 15 pro rata rights issue: Class of Security: Fully paid ordinary shares ISIN: NZBSHE0001S0 Number issued: 34,838,414 shares Issue price: $1.70 Payment in cash: Yes Amount paid up: Fully paid up Percentage of total class issued: 6.67% of the total number of fully paid ordinary shares prior to this issue Reason for issue: Allotment of new ordinary shares under pro rata rights issue Authority for issue: Directors' resolution dated 9 November 2017 Terms or details of issue: The shares are of the same class as, and rank equally with, all other fully paid ordinary shares on issue Total number of securities after issue: 557,508,749 (including the 440,677 shares held as treasury stock) Date of issue: 14 December 2017 - Ends - For further information please contact: Michael Drumm General Counsel Heartland Bank Limited DDI 09 927 9287 End CA:00311946 For:HBL Type:SECISSUE Time:2017-12-14 10:53:48