Notification of Allotment of Securities

Capital Change Notice
Updated as at 17 October 2019
Section 1: Issuer information
Name of issuer Heartland Group Holdings
Limited
NZX ticker code HGH
Class of financial product Fully paid ordinary shares
ISIN (If unknown, check on NZX website) NZHGHE0007S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 3,511,020
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $1.59485594
Nature of the payment (for example, cash or other
consideration)
Consideration satisfied pursuant
to the Dividend Reinvestment
Plan
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury
Stock, in existence)
1

0.61% of the total number of fully
paid ordinary shares prior to this
issue
For an issue of Convertible Financial Products or Options,
the principal terms of Conversion (for example the
Conversion price and Conversion date and the ranking of
the Financial Product in relation to other Classes of
Financial Product) or the Option (for example, the exercise
price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Dividend Reinvestment Plan
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding
Treasury Stock) and the total number of Financial Products
of the Class held as Treasury Stock after the
issue/acquisition/redemption.
580,979,106
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Director’s resolution
Issue of Ordinary Shares under
Listing Rule 4.8.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Pursuant to the Dividend
Reinvestment Plan Offer
1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Document dated 10 December
2018
Date of issue/acquisition/redemption
2
11/03/2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Michael Drumm
Contact person for this announcement Michael Drumm
Contact phone number 09 927 9136
Contact email address Michael.Drumm@heartland.co.nz
Date of release through MAP

11/03/2020
2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 1
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05,
01/08/12, 04/03/13
Name of entity
Heartland Group Holdings Limited (Heartland)
ARBN
627 849 576
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1
+
Class of
+
securities issued or to
be issued
Ordinary shares
2 Number of
+
securities issued or
to be issued (if known) or
maximum number which may be
issued
3,511,020
3 Principal terms of the
+
securities
(e.g. if options, exercise price and
expiry date; if partly paid
+
securities, the amount
outstanding and due dates for
payment; if
+
convertible
securities, the conversion price
and dates for conversion)
Fully paid ordinary shares ranking equally
with existing ordinary shares

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
Appendix 3B Page 2 04/03/2013
4 Do the
+
securities rank equally in
all respects from the
+
issue date
with an existing
+
class of quoted
+
securities?
If the additional
+
securities do
not rank equally, please state:
•the date from which they do
•the extent to which they
participate for the next
dividend, (in the case of a
trust, distribution) or interest
payment
•the extent to which they do
not rank equally, other than
in relation to the next
dividend, distribution or
interest payment
Yes
5 Issue price or consideration
NZD 1.59485594 per share
6 Purpose of the issue
(If issued as consideration for
the acquisition of assets, clearly
identify those assets)
Issue of shares under Heartland’s Dividend
Reinvestment Plan
6a Is the entity an
+
eligible entity
that has obtained security holder
approval under rule 7.1A?
If Yes, complete sections 6b – 6h
in relation to the
+
securities the
subject of this Appendix 3B, and
comply with section 6i
No
6b The date the security holder
resolution under rule 7.1A was
passed
N/A
6c Number of
+
securities issued
without security holder approval
under rule 7.1
N/A
6d Number of
+
securities issued
with security holder approval
under rule 7.1A
N/A

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 3
6e Number of
+
securities issued
with security holder approval
under rule 7.3, or another
specific security holder approval
(specify date of meeting)
N/A
6f Number of
+
securities issued
under an exception in rule 7.2
N/A
6g If
+
securities issued under rule
7.1A, was issue price at least
75% of 15 day VWAP as
calculated under rule 7.1A.3?
Include the
+
issue date and both
values. Include the source of the
VWAP calculation.
N/A
6h If
+
securities were issued under
rule 7.1A for non-cash
consideration, state date on
which valuation of consideration
was released to ASX Market
Announcements
N/A
6i Calculate the entity’s remaining
issue capacity under rule 7.1 and
rule 7.1A – complete Annexure 1
and release to ASX Market
Announcements
N/A
7
+
Issue dates
Note: The issue date may be prescribed by ASX
(refer to the definition of issue date in rule
19.12). For example, the issue date for a pro
rata entitlement issue must comply with the
applicable timetable in Appendix 7A.
Cross reference: item 33 of Appendix 3B.
11 March 2020
Number
+
Class
8 Number and
+
class of all
+
securities quoted on ASX
(including the
+
securities in
section 2 if applicable)
580,979,106 Fully paid ordinary
shares

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
Appendix 3B Page 4 04/03/2013
Number
+
Class
9 Number and
+
class of all
+
securities not quoted on ASX
(including the
+
securities in
section 2 if applicable)
10 Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
As for all ordinary shares
Part 2 - Pro rata issue
11 Is security holder approval
required?
N/A
12 Is the issue renounceable or non-
renounceable?
N/A
13 Ratio in which the
+
securities will
be offered
N/A
14
+
Class of
+
securities to which the
offer relates
N/A
15
+
Record date to determine
entitlements
N/A
16 Will holdings on different
registers (or subregisters) be
aggregated for calculating
entitlements?
N/A
17 Policy for deciding entitlements in
relation to fractions
N/A
18 Names of countries in which the
entity has security holders who
will not be sent new offer
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
N/A
19 Closing date for receipt of
acceptances or renunciations
N/A

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 5
20 Names of any underwriters
N/A
21 Amount of any underwriting fee
or commission
N/A
22 Names of any brokers to the issue
N/A
23 Fee or commission payable to the
broker to the issue
N/A
24 Amount of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of security holders
N/A
25 If the issue is contingent on
security holders’ approval, the
date of the meeting
N/A
26 Date entitlement and acceptance
form and offer documents will be
sent to persons entitled
N/A
27 If the entity has issued options,
and the terms entitle option
holders to participate on exercise,
the date on which notices will be
sent to option holders
N/A
28 Date rights trading will begin (if
applicable)
N/A
29 Date rights trading will end (if
applicable)
N/A
30 How do security holders sell their
entitlements in full through a
broker?
N/A
31 How do security holders sell part
of their entitlements through a
broker and accept for the
balance?
N/A

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
Appendix 3B Page 6 04/03/2013
32 How do security holders dispose
of their entitlements (except by
sale through a broker)?
N/A
33
+
Issue date
N/A
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of
+
securities
(tick one)
(a)
+
Securities described in Part 1
(b) All other
+
securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid,
employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible
securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or
documents
35 If the
+
securities are
+
equity securities, the names of the 20 largest holders of the
additional
+
securities, and the number and percentage of additional
+
securities
held by those holders
36 If the
+
securities are
+
equity securities, a distribution schedule of the additional
+
securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional
+
securities

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 7
Entities that have ticked box 34(b)
38 Number of
+
securities for which
+
quotation is sought
39
+
Class of
+
securities for which
quotation is sought
40 Do the
+
securities rank equally in
all respects from the
+
issue date
with an existing
+
class of quoted
+
securities?
If the additional
+
securities do not
rank equally, please state:
•the date from which they do
•the extent to which they
participate for the next
dividend, (in the case of a trust,
distribution) or interest
payment
•the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest
payment
41 Reason for request for quotation
now
Example: In the case of restricted securities, end
of restriction period
(if issued upon conversion of
another
+
security, clearly identify
that other
+
security)
Number
+
Class
42 Number and
+
class of all
+
securities quoted on ASX
(including the
+
securities in clause
38)

Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
Appendix 3B Page 8 04/03/2013
Quotation agreement
1
+
Quotation of our additional
+
securities is in ASX’s absolute discretion. ASX
may quote the
+
securities on any conditions it decides.
2 We warrant the following to ASX.
•The issue of the
+
securities to be quoted complies with the law and is
not for an illegal purpose.
•There is no reason why those
+
securities should not be granted
+
quotation.
•An offer of the
+
securities for sale within 12 months after their issue
will not require disclosure under section 707(3) or section 1012C(6) of
the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able
to give this warranty
•Section 724 or section 1016E of the Corporations Act does not apply to
any applications received by us in relation to any
+
securities to be
quoted and that no-one has any right to return any
+
securities to be
quoted under sections 737, 738 or 1016F of the Corporations Act at the
time that we request that the
+
securities be quoted.
•If we are a trust, we warrant that no person has the right to return the
+
securities to be quoted under section 1019B of the Corporations Act at
the time that we request that the
+
securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any
claim, action or expense arising from or connected with any breach of the
warranties in this agreement.
4 We give ASX the information and documents required by this form. If any
information or document is not available now, we will give it to ASX before
+
quotation of the
+
securities begins. We acknowledge that ASX is relying on the
information and documents. We warrant that they are (will be) true and
complete.
Sign here: ............................................................ Date: 11 March 2020
(General Counsel)
Print name: Michael Drumm
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