Kiwibank Limited is considering making an offer of up to $150 million of unsecured, Subordinated Bonds to the New Zealand public. The terms of the Subordinated Bonds will be structured to be recognised as tier 2 regulatory capital.

Interest in the offer may be registered by contacting one of the syndicate members (below) or your usual financial adviser.

• Craigs Investment Partners Limited (Arranger and Joint Lead Manager) 0800 226 263
• Kiwibank Limited (Joint Lead Manager) 0800 756 829
• ANZ (Co-manager) 0800 269 476
• Forsyth Barr Limited (Co-manager) 0800 367 227

Once registered, you will receive a copy of the Investment Statement when it becomes available.

It is expected that the offer of Subordinated Bonds will be made in the week commencing 5 November 2012.

No money is currently being sought and no applications for Subordinated Bonds will be accepted or money received unless the subscriber has received an Investment Statement. Indications of interest will not involve an obligation or commitment of any kind.

Enquiries:
Bruce Thompson
Communications Manager
04 460 6831