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Exchange announcement 24 August 2023 BNZ fixed rate notes offer closes Bank of New Zealand (BNZ) confirmed today that the issue size for the offer of a new series of unsecured unsubordinated fixed rate notes maturing on 1 September 2028 (Notes) has been set at NZ$1,000,000,000. The margin for the Notes has been set at 1.00% per annum. All of the Notes have been allocated to intermediaries for distribution to their clients and there will be no public pool available. The Notes will be issued on 1 September 2023. The Notes are expected to be quoted on the NZX Debt Market under the ticker code BNZ180. Ends For further information, please contact: May Zhang, Treasurer, BNZ T. 09-924-8491 E. may_zhang@bnz.co.nz End CA:00416997 For:BNZ Type:OFFER Time:2023-08-24 11:23:23