ASB Capital No. 2 Limited – Buy-out completed

On 7 February 2019 ASB Capital No. 2 Limited announced that CBA Funding (NZ) Limited ("CBA Funding") would exercise its right to buy-out the ASB Capital No. 2 Limited Perpetual Preference Shares (ticker code ASBPB) in accordance with the terms of the securities (the "Buy-Out"), with this Buy-Out to take place on Wednesday 15 May 2019. ASB Capital No. 2 Limited confirms that the Buy-Out was completed as scheduled on Wednesday 15 May 2019. CBA Funding is now the sole holder of the Perpetual Preference Shares. The Perpetual Preference Shares will cease to be quoted, and ASB Capital No. 2 Limited will be delisted, with effect from after market close today, Thursday 16 May 2019. ENDS Released by: Eddie Carrasco, Head of Secretariat, ASB Bank Limited asbsecretariat@asb.co.nz For enquiries, contact: Chandu Bhindi, General Manager Treasury, ASB Bank Limited Ph 09 337 4371 funding@asb.co.nz End CA:00334603 For:ASB Type:SECISSUE Time:2019-05-16 08:30:42