Kiwibank Perpetual Preference Share offer closes

17 October 2024 Media Release KIWIBANK LIMITED PERPETUAL PREFERENCE SHARE OFFER – OFFER CLOSED Following the successful Bookbuild for its offer of perpetual preference shares (PPS), Kiwibank Limited (Kiwibank) confirmed today that the offer has closed and $275 million of PPS have been allocated to participants (or their clients) involved in the Bookbuild. There was no public pool for the offer. The Margin for the PPS has been set at 3.70% per annum. The Distribution Rate for the first 5 and a half years until the First Optional Redemption Date (24 April 2030) will be a fixed rate equal to the sum of the Swap Rate on the Rate Set Date (17 October 2024) plus the Margin and will be announced by Kiwibank via NZX later today, along with the release of the final terms sheet. Details of the offer and the PPS are contained in the Limited Disclosure Document (LDD), which is available on the Disclose Register at www.disclose-register.companiesoffice.govt.nz/ under offer number OFR13831. For further information and a copy of the LDD, please contact a Joint Lead Manager or your usual financial advice provider. Joint Lead Managers Bank of New Zealand 09 375 1391 Craigs Investment Partners Limited 0800 272 442 Forsyth Barr Limited 0800 367 227 Ends