Spark Finance successfully prices A$100 million issue

Spark New Zealand Limited
ARBN 050 611 277 Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand


MARKET RELEASE
28 May 2020

Spark Finance successfully prices A$100 million issue

Spark Finance Limited, the wholly owned subsidiary of Spark New Zealand Limited
(“Spark”) that carries out the borrowing activities for the Spark group, has
announced it has successfully priced an issue of A$100 million 6-year fixed rate
bonds under Spark’s existing Australian debt issuance programme. The bonds will
be issued on 5 June 2020 and mature on 5 June 2026.

Spark has swapped the A$100 million issuance into New Zealand dollars equating to
NZ$106.8 million.

These funds will be used
to refinance debt maturities and for general corporate
purposes.

The issue is expected to be rated A- by S&P Global.

Australia and New Zealand Banking Group Limited (“ANZ”) and Westpac Banking
Corporation (“Westpac”) were joint lead managers for the transaction.


Authorised by:
Alastair White
GM Capital Markets

- ENDS –
For media queries, please contact:
Joanne Fullam
Corporate Relations Partner
+64 (0) 21 145 7701

For investor relations queries, please contact:
Alastair White
GM Capital Markets
+64 (0) 21 228 3855