NZX Announcement

LGFA sustainable financing bond offer: Bookbuild update 1

Sustainable Financing Bonds maturing 15 May 2030 (Sustainable Financing Bonds)

Bookbuild orders:

As at 2:45 pm NZT in excess of NZ$945 million within the indicative Margin
below (including NZ$100 million of Sustainable Financing Bonds reserved for
subscription by LGFA and NZ$176 million trading interest from the Joint Lead

Based on orders to date, LGFA expects to issue at least NZ$500 million of
the Sustainable Financing Bonds (including NZ$100 million of Sustainable
Financing Bonds reserved for subscription by LGFA).

Indicative Margin:

The indicative Margin range has not changed from the Series Notice at 0.61 –
0.65 per cent per annum.

Indicative Issuance Yield:

Based on the indicative Margin, 4.808 – 4.848 per cent per annum.

Closing Date:

Bids due by 1pm NZT, 12 April 2023.


This bookbuild update relates to LGFA's offer to institutional and New Zealand retail investors of the
above series of unsecured, unsubordinated fixed rate sustainable financing bonds with the maturity date
listed above.

Full details of the Sustainable Financing Bond offer is contained in the Series Notice for the Sustainable
Financing Bonds which were attached to the launch announcement on 11 April 2023.

Arranger, Sustainability Coordinator and Joint Lead Manager

Westpac Banking Corporation
Phone: 0800 772 142

Joint Lead Managers

Phone: 0800 269 476

Phone: 0800 275 269

Phone: 0800 272 266

For all investor relations and media queries, please contact:

Mark Butcher, Chief Executive / 04 974 6744