Heartland Australia Establishes Australian MTN Programme

NZX/ASX Release

Heartland Australia Group Pty Limited Establishes Australian Medium-Term Note
Programme

15 March 2019

Heartland Group Holdings Limited (NZX/ASX: HGH) (Heartland Group) is pleased to announce that
its subsidiary Heartland Australia Group Pty Limited (Heartland Australia) (BBB- stable Fitch Ratings)
has established an Australian Dollar (A$) Medium-Term Note Programme (Programme), and has
completed its inaugural senior unsecured bond placement of A$50 million with a key Australian
institutional fixed income investor, arranged with the assistance of Westpac Institutional Bank.

The Programme and inaugural issuance further diversify the funding options of Heartland Australia
and enables the opportunity to service the capital needs of the Heartland Group, including New
Zealand subsidiary, Heartland Bank Limited. The proceeds of the first issuance will initially be
utilised as capacity to fund A$ reverse mortgage loans.

- Ends -

For further information, please contact:

Jeff Greenslade
Chief Executive Officer
021 563 5493
jeff.greenslade@heartland.co.nz