| NZX Announcement 07 September 2023 New Zealand Local Government Funding Agency Limited (LGFA) announced today that it will issue the following existing series of unsecured, unsubordinated, fixed rate bonds below (together, the 'Bonds'). 2025 Bonds Maturity Date: 15 April 2025 Issue size: NZ$250 million Coupon/Interest Rate: 2.75% per annum Issuance Yield: 5.765% per annum, based on a Margin of 0.16% per annum Issue/Settlement Price: NZ$0.96604900 per bond as determined using the formula in the Series Notice 2030 Sustainable Financing Bonds Maturity Date: 15 May 2030 Issue size: NZ$500 million Coupon/Interest rate: 4.50% per annum Issuance Yield: 5.536% per annum, based on a Margin of 0.69% per annum Issue/Settlement Price: NZ$0.95744837 per bond as determined using the formula in the Series Notice Other information All of the Bonds have been allocated to participants (or their clients) in the bookbuild process and there is no public pool. The Bonds are expected to be issued on 12 September 2023. The 2025 Bonds are a further tranche of 2025 bonds that are already quoted on the NZX Debt Market under the ticker code LGF070. The 2030 Sustainable Financing Bonds are a further tranche of 2030 sustainable financing bonds that are already quoted on the NZX Debt Market under the ticker code LGF170. Joint Lead Managers ANZ Phone: 0800 269 476 BNZ Phone: 0800 275 269 CBA Phone: 0800 272 266 Westpac Banking Corporation Phone: 0800 772 142 ENDS For all investor relations and media queries, please contact: Mark Butcher, Chief Executive mark.butcher@lgfa.co.nz / 04 974 6744 |