Heartland completes acquisition of StockCo Australia

Heartland Group Holdings Limited | NZX/ASX: HGH | PO Box 9919, Newmarket, Auckland 1149 | shareholders.heartland.co.nz

NZX/ASX release
1 June 2022

Heartland completes acquisition of StockCo Australia

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to confirm the completion
of the acquisition of StockCo Holdings 2 Pty Ltd and StockCo Australia Management Pty Limited
(together, StockCo Australia) on 31 May 2022. Heartland announced on 1 April 2022 that it had
signed conditional documentation to acquire the StockCo Australia business.

Total consideration (which includes A$1.6m of deferred consideration payable subject to
performance hurdles) is A$154.4 million.

Existing operational funding for StockCo Australia has been refinanced by a new two-year committed
securitisation warehouse funded by two major Australian financial institutions with additional
capacity secured for growth.

The acquisition of StockCo Australia is strategically aligned and financially compelling, representing a
critical milestone in expanding Heartland’s ‘best or only’ product and channel offering in Australia.

Heartland’s focus is to build on StockCo Australia’s position as a market-leading provider of specialist
livestock finance for cattle and sheep farmers across Australia, delivering capital for growth, digital
enhancements to the existing product offering, and expansion into new market segments.

– ENDS –

For further information, please contact the person(s) who authorised this announcement:

Andrew Dixson
Chief Financial Officer
+64 21 2632 666
andrew.dixson@heartland.co.nz
Level 3, Heartland House, 35 Teed Street, Newmarket, Auckland, New Zealand

For media enquiries, please contact:

Nico Schlichting
Group Senior Communications Advisor
+64 20 4143 8797
nico.schlichting@heartland.co.nz