NZX Subordinated Notes – first election date

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

3471-5670-2754

www.nzx.com 1 of 2
24 April 2023

NZX Subordinated Notes first election date – 20 June 2023

NZX Limited ("NZX") has decided to run an election process for its unsecured, subordinated
notes ("Subordinated Notes") (NZX010) prior to the first election date (Tuesday, 20 June 2023)
("Election Date"). Under the election process, Eligible Holders of the Subordinated Notes can
elect to either:
• retain all or some of their Subordinated Notes subject to new terms and conditions that
will apply from the Election Date; or
• have all or some of their Subordinated Notes redeemed on the Election Date.

Eligible Holders are holders of Subordinated Notes who are recorded on the Subordinated
Notes register at the close of business on Thursday, 4 May 2023 as having a New Zealand
address. Eligible Holders will be sent an Election Process Invitation on or about Monday, 8 May
2023.

Trading in the Subordinated Notes will be suspended at the close of business on Tuesday, 2
May 2023. Trading in the Subordinated Notes (with new ticker NZX020) is expected to resume
on Wednesday, 21 June 2023. Holders will not be able to sell or otherwise transfer
Subordinated Notes outside of the election process before Wednesday, 21 June 2023.

Eligible Holders will be able to complete their election online from Monday, 8 May 2023.


Joint Lead Managers

Commonwealth Bank of Australia

0800 272 266
Forsyth Barr Limited


0800 367 227
Jarden Securities Limited

0800 005 678

ENDS

For further information, please contact:

Media and Investors – Simon Beattie – 021 702 694

About NZX

For more than 150 years we have been committed to connecting people, businesses and
capital. Our vision is to be a trusted New Zealand business delivering sustainable wealth, value
and opportunities for all.

NZX operates New Zealand’s equity, debt, funds, derivatives and energy markets. To support
growth of our markets, we provide trading, clearing, settlement, depository and data services for

our customers. We also own Smartshares, New Zealand’s only issuer of listed Exchange
Traded Funds (ETFs), and KiwiSaver provider SuperLife. NZX Wealth Technologies is a 100%-
owned subsidiary delivering rich online platform functionality to enable New Zealand investment
advisers and providers to efficiently manage, trade and administer their clients’ assets. Learn
more about us at: www.nzx.com