Books Closed for Bond Offer

NZX AND MEDIA RELEASE
16 September 2022

Books Closed for Bond Offer

Following the bookbuild process for its offer (Offer) of unsecured, unsubordinated, fixed rate 5.5
year bonds (Bonds), Napier Port Holdings Limited (Napier Port) confirmed today that the Offer has
closed and NZ$100 million has been allocated to Eligible Shareholders and participants in the
bookbuild process. This includes oversubscriptions of NZ$25 million.

The issue margin for the Bond has been set at 1.40% per annum and the interest rate will be
announced later today, along with the release of the final terms sheet.

There was no public pool for the Offer and all applications received from Eligible Shareholders,
totalling NZ$13.1 million, have been accepted. All of the remaining Bonds were allocated to clients
of the Joint Lead Managers, Primary Market Participants and other approved financial intermediaries
and institutional investors.

Full details of the Offer are contained in the Product Disclosure Statement (PDS) dated Thursday, 1
September 2022. The PDS is available at www.napierport.co.nz/investor-centre/ or by contacting a
Joint Lead Manager (details below) or investors’ usual financial advice provider.

For more information:

Joint Lead Managers: Authorised by:
Craigs: 0800 226 263 Kristen Lie
Forsyth Barr: 0800 367 227 Chief Financial Officer
Jarden: 0800 005 678 DD: +64 6 833 4405
Westpac: 0800 772 142 E: kristenl@napierport.co.nz

About Napier Port
Napier Port is New Zealand’s fourth largest port by container volume. We are the gateway for Hawke’s
Bay and lower North Island’s exports and operate a long-term regional infrastructure asset that
supports the regional economy. Our strategic purpose is to collaborate with the people and
organisations that have a stake in helping our region grow. View Napier Port’s investor centre:
www.napierport.co.nz/investor-centre/