AIA NZ$1,000 Million Placement Fully Subscribed

.
4055017

Auckland International Airport Limited





aucklandairport.co.nz

PO Box 73020, Auckland Airport, Manukau 2150, New Zealand







NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Market Release
7 April 2020

Auckland Airport NZ$1,000 Million Placement Fully Subscribed

Auckland International Airport Limited (NZX/ASX:AIA) ("Auckland Airport") is pleased to announce
that it has successfully completed the bookbuild for its NZ$1,000 million fully underwritten placement,
announced on 6 April 2020 ("Placement") . The Placement was strongly supported, attracting bids
well in excess of the NZ$1,000 million total offer amount from existing institutional and other select
investors in both local and offshore markets. The company commented that its overarching policy
was that existing institutional shareholders who bid for their pro-rata allocation of the offer were
allocated at least that amount of new shares.

The Placement was fully subscribed at the price determined in the bookbuild of NZ$4.66 per share.
This represents a discount of 7.5% to the last close price of NZ$5.04 on 3 April 2020 and a discount
of 9.5% to the 5-day VWAP of NZ$5.15 (assessed from 30 March 2020).

Chief Executive Adrian Littlewood said he was very pleased with the level of support from investors,
which would help to strengthen Auckland Airport’s balance sheet during this period of strict border
controls and significantly reduced passenger numbers.

“Auckland Airport has been materially impacted by the outbreak of COVID-19 with a rapid decline in
international and domestic passenger numbers. We remain optimistic about our long-term future, but
the near term trading conditions remain uncertain and like many organisations we will continue to
face challenges. This placement is another significant step towards securing our future and being well
positioned for recovery.”

Settlement of the Placement is expected to occur on 14 April 2020 for the ASX and on 15 April 2020
for NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 15
April 2020. The new shares to be issued under the Placement will rank equally in all respects with
Auckland Airport’s existing ordinary shares.

As announced on 6 April 2020, Auckland Airport is also undertaking a NZ$200 million share purchase
plan ("SPP"). The SPP offer booklet, together with an application form, will be sent on 9 April 2020
to eligible retail shareholders as at the record date of 3 April 2020 with a registered address in New
Zealand or Australia and will also be made available online at www.aucklandairportshares.co.nz
from
9 April 2020.

Key dates relating to the SPP are set out in the Appendix to this announcement.

Auckland Airport’s New Zealand and Australian legal advisers are Russell McVeagh and King & Wood
Mallesons, respectively.

ENDS

4055017
This announcement has been authorised for release to NZX and ASX by:

Mary-Liz Tuck
General Manager Corporate Services, Auckland Airport
Phone: +64 27 277 5086 or +64 9 255 9170
mary-liz.tuck@aucklandairport.co.nz

For investor relations queries please contact:
Stewart Reynolds
Head of Strategy, Planning and Performance, Auckland Airport
Phone: +64 9 257 7059
stewart.reynolds@aucklandairport.co.nz

For media relations queries please contact:
Libby Middlebrook
Head of Communications and External Relations, Auckland Airport
+64 21 989 908
libby.middlebrook@aucklandairport.co.nz



Appendix – Key Dates for SPP
1



Share Purchase Plan

SPP Record Date 3 April 2020
SPP Opens 9 April 2020
SPP Closes 24 April 2020
Settlement on ASX 30 April 2020
Settlement on NZX 1 May 2020
Allotment of shares on NZX and ASX 1 May 2020
Commencement of trading of the new shares on NZX 1 May 2020
Commencement of trading of the new shares on ASX 4 May 2020

Not for distribution or release in the United States.
This announcement is not financial product advice and has not taken into account your objectives, financial situation or needs.
This announcement has been prepared for release in New Zealand and Australia. This announcement does not constitute an
offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any jurisdiction in which such an offer
would be illegal. The offer and sale of the shares referred to in this announcement have not been, and will not be, registered
under the United States Securities Act of 1933 (the U.S. Securities Act), or the securities laws of any state or other jurisdiction
of the United States. Accordingly, the new shares to be offered and sold in the Placement may not be offered or sold, directly
or indirectly, to persons in the United States except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The new shares to be offered
and sold in the SPP may not be offered or sold, directly or indirectly, to any person in the United States or any person acting
for the account or benefit of a person in the United States.



1
The timetable presented is indicative only and subject to change without notice (subject to applicable laws and the NZX
Listing Rules and ASX Listing Rules).