Air New Zealand Rights Offer – Reminder of Closing Date

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz Investor website:
www.airnewzealand.co.nz/investor
Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC : ANZLY)
MARKET ANNOUNCEMENT










NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES


27 April 2022

Air New Zealand Rights Offer - Reminder of Closing Date
Air New Zealand would like to remind Eligible Shareholders that its 2 for 1 pro rata
renounceable rights offer ("Rights Offer”) closes at 5.00pm (NZST) / 3.00pm (AEST)
on Monday, 2 May 2022.
Under the Rights Offer, Eligible Shareholders are entitled (but not obliged) to subscribe
for 2 new shares for every 1 existing share held in Air New Zealand at 7.00pm (NZST)
/ 5.00pm (AEST) on 5 April 2022 at the Offer Price of NZ$0.53 per new share (or
A$0.49 per new share). Eligible Shareholders who take up their rights in full also have
the opportunity to apply for additional new shares in a shortfall bookbuild process, as
described in the Offer Document.

All Eligible Shareholders should by now have received a copy of the Offer Document
that was issued by Air New Zealand on 30 March 2022. Details of the Rights Offer,
including how to apply, are set out in the Offer Document, which is available online to
Eligible Shareholders in New Zealand and Australia along with the Investor
Presentation at https://airnz.capitalraise.co.nz. Eligible Shareholders in certain other
jurisdictions will be contacted directly by Air New Zealand with further information.
Please note that rights trading has now closed so you can no longer buy or sell rights
on the NZX Main Board.

Eligible Shareholders are encouraged to read the Offer Document and Investor
Presentation carefully, and if in any doubt about whether or not to apply for new shares
under the Rights Offer or the shortfall bookbuild, to consult with a financial or other
professional advisor.

For any questions about how to apply, please call Air New Zealand’s share registrar,
Link Market Services, on 0800 800 899 (toll free within New Zealand) or +64 9 375
5998 (outside New Zealand) from 8:30am to 5:00pm Monday to Friday (excluding
public holidays). Defined terms in this announcement have the meaning given to them
in the Offer Document.

Ends.

2
This announcement has been authorised for release to NZX and ASX by:

Jennifer Page
General Counsel & Company Secretary
Email: jennifer.page@airnz.co.nz
Phone: +64 27 9090 691

For investor relations queries please contact:
Leila Peters
GM Corporate Finance
Email: leila.peters@airnz.co.nz
Phone: +64 21 743 057

For media enquiries, please contact:
Air New Zealand Communications
Email: media@airnz.co.nz
Phone: +64 21 747 320


Important Information

This communication is not for distribution or release in the United States. This
communication does not constitute an offer to sell, or the solicitation of an offer to buy,
any securities in the United States. The Rights and the New Shares have not been,
and will not be, registered under the US Securities Act of 1933 (US Securities Act), or
the securities laws of any state or other jurisdiction of the United States, and may not
be offered or sold, directly or indirectly, in the United States or to any person acting for
the account or benefit of any person in the United States, except in transactions
exempt from, or not subject to, registration under the US Securities Act and applicable
securities laws of any state or other jurisdiction of the United States.