LGFA sustainable financing bond offer: Bookbuild update 1

NZX Announcement 01 October 2024 Sustainable Financing Bonds maturing 14 May 2032 (Sustainable Financing Bonds) Bookbuild orders: As at 4.25pm NZT in excess of NZ$635 million (including NZ$150 million of Sustainable Financing Bonds reserved for subscription by New Zealand Local Government Funding Agency Limited (LGFA) and NZ$100 million trading interest from the Joint Lead Managers). Based on orders to date, LGFA expects to issue at least NZ$400 million of the Sustainable Financing Bonds (including NZ$150 million of Sustainable Financing Bonds reserved for subscription by LGFA). Indicative Margin: The indicative Margin range is revised to 0.90 – 0.92 per cent per annum. Indicative Issuance Yield: Based on the indicative Margin, 4.628 – 4.648 per cent per annum. Closing Date: Bids due by 11:00 am NZT, 2 October 2024. ISIN: NZLGFDT021C5 This bookbuild update relates to LGFA's offer to institutional and New Zealand retail investors of the above series of unsecured, unsubordinated, fixed rate sustainable financing bonds with the maturity date listed above. Full details of the Sustainable Financing Bond offer are contained in the Series Notice for the Sustainable Financing Bonds which was attached to the launch announcement on 1 October 2024. Joint Lead Managers ANZ Phone: 0800 269 476 BNZ Phone: 09 375 1391 CBA Phone: 0800 272 266 Westpac Banking Corporation Phone: 0800 772 142 ENDS For all investor relations and media queries, please contact: Mark Butcher, Chief Executive mark.butcher@lgfa.co.nz / 04 974 6744