Air New Zealand Limited Considers Retail Bond Offer

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)


MARKET ANNOUNCEMENT

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


Classification: PROTECTED

29 September 2022


Air New Zealand Limited Considers Retail Bond Offer
Air New Zealand Limited (Air New Zealand) notes that its current NZ$50,000,000
unsecured, unsubordinated, fixed rate bonds which are quoted on the NZX Debt Market
under the ticker code AIR020 (AIR020 Bonds) will mature on 28 October 2022. In
connection with this, Air New Zealand confirms today that it is considering making an
offer of 5.5 year, unsecured, unsubordinated, fixed rate bonds (Bonds) to institutional
investors and New Zealand retail investors (the Offer).
As part of Air New Zealand’s post-Covid strategy, the airline is focussed on continuing to
have a diverse range of debt sources. As a proudly New Zealand company the airline
feels it is important for the company to support the New Zealand capital markets.

If the Offer proceeds, it will be made pursuant to clause 19 of Schedule 1 of the Financial
Markets Conduct Act 2013 as an offer of debt securities of the same class as the AIR020
Bonds.
It is expected that full details of the Offer will be released in the week beginning Monday,
17 October 2022, when the Offer is anticipated to open. The Bonds are expected to be
quoted on the NZX Debt Market under ticker code AIR030.
Air New Zealand has appointed Westpac Banking Corporation (ABN 33 007 457 141)
(acting through its New Zealand branch) (Westpac) as Arranger, and ANZ Bank New
Zealand Limited, Forsyth Barr Limited and Jarden Securities Limited, together with
Westpac, as joint lead managers (JLMs) in relation to the proposed Offer.
Investors can register their interest in the proposed Offer by contacting a JLM or a
financial adviser. Indications of interest will not involve an obligation or commitment to
acquire Bonds. No money is currently being sought from investors and no Bonds can be
applied for or acquired unless and until the Offer opens and Air New Zealand has issued
the indicative terms sheet in relation to the Bonds.

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)


MARKET ANNOUNCEMENT

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


Classification: PROTECTED
Joint Lead Managers

0800 269 476 0800 367 227 0800 005 678 0800 772 142

Ends.

Authorised for release to NZX and ASX by:
Jennifer Page
General Counsel & Company Secretary
jennifer.page@airnz.co.nz

For investor relations questions, please contact:
Leila Peters
General Manager, Corporate Finance
leila.peters@airnz.co.nz
+64 21 743 057