BNZ considers notes offer

Exchange announcement 8 November 2024 BNZ considers notes offer Bank of New Zealand (BNZ) announced today that it is considering making an offer (Retail Offer) of five year unsecured unsubordinated fixed rate notes to New Zealand retail investors and to certain institutional investors (Fixed Rate Notes). No money is currently being sought and applications for the Fixed Rate Notes cannot currently be made. If BNZ makes the Retail Offer, it will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. If BNZ makes the Retail Offer, the Fixed Rate Notes are expected to be quoted on the NZX Debt Market. BNZ also announced today that it is considering making an offer (Wholesale Offer) of three year unsecured unsubordinated floating rate notes to certain institutional investors only (Wholesale FRN). If BNZ makes the Retail Offer and the Wholesale Offer, the maximum amount of notes to be issued by BNZ under both the Retail Offer and the Wholesale Offer together would not exceed NZ$1 billion. It is expected that full details of the Retail Offer will be released in the near future, subject to market conditions. Lead Manager Bank of New Zealand T. 09 9249602 Ends For further information, please contact: May Zhang, Treasurer, BNZ T. 09-924-9203, E. bnz_treasury@bnz.co.nz