HGH announces A$250m reverse mortgage funding facility

NZX/ASX Release

Heartland announces A$250 million reverse mortgage funding facility

2 July 2019

Heartland Group Holdings Limited (NZX/ASX:HGH) (Heartland) is pleased to announce the
completion of an A$250 million committed reverse mortgage funding facility. Heartland now has
access to committed Australian reverse mortgage loan funding of A$850 million in aggregate.

The facility reflects an important stage in the evolution of Heartland’s Australian business. Following
the establishment of an A$ medium-term note programme earlier this year, it provides additional
diversification of funding and increases capacity to meet the growing demand being experienced for
reverse mortgages in Australia.

The combination of favourable demographics, limited active originators and plans to raise product
awareness through increased marketing activity, presents the opportunity for significant growth and
a number of other funding options continue to be developed including additional warehouse
facilities and long-term funding sourced offshore.

Heartland is Australia’s leading reverse mortgage provider with a market share of approximately
24%
1
. Its award winning product is focused on helping Australian seniors live a more comfortable
retirement, and has helped over 18,000 seniors release more than A$1 billion of equity over 15
years.

-ENDS-

For further information, please contact:

Andrew Dixson
Head of Corporate Finance
Heartland Group Holdings Limited
09 927 9274
021 263 2666


1
Based on APRA ADI Property Exposure statistics, plus Heartland Seniors Finance, as at 31 March 2019.