LGFA sustainable financing bond offer: Bookbuild update 2

NZX Announcement 02 October 2024 Sustainable Financing Bonds maturing 14 May 2032 (Sustainable Financing Bonds) Bookbuild orders: As at 8.30 am NZT in excess of NZ$870 million within the prior revised indicative Margin range below (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$600 million of Sustainable Financing Bonds (including NZ$150 million of Sustainable Financing Bonds reserved for subscription by LGFA). Indicative Margin: The indicative Margin range set out in the Series Notice was 0.88 – 0.92 per cent per annum. As announced on 1 October 2024, based on investor interest, the indicative Margin range was revised to 0.90 – 0.92 per cent per annum. The indicative Margin is now revised to 0.91 per cent per annum. Indicative Issuance Yield: Based on the revised indicative Margin, 4.603 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