Quotation Notice - Kiwibank Limited Notes (“KWB2T2”)

05/12/2025 14:50 NZDT, OFFER3

QUOTATION NOTICE: NZX DEBT MARKET

KIWIBANK LIMITED (“KWB2T2”) NOTES

Company: Kiwibank Limited (“KWB”)

Security Code: KWB2T2

ISIN: NZKWBD02T2L9

Details of Issue: NZ$400 million of unsecured, subordinated notes

Offer Opening Date: Monday, 1 December 2025

Offer Closing Date: Friday, 5 December 2025

Maturity Date: Wednesday, 12 March 2036

Interest Rate: 4.93% per annum until 12 March 2031. After this date the interest rate will be a floating rate.

Interest Payment Dates: 12 March, 12 June, 12 September and 12 December in each year up to and including the Maturity Date

Date of First Interest Payment: Thursday, 12 March 2026

First Interest Paid To: Holder on Record Date

Record Date: 10 calendar days before the relevant Interest Payment Date, or if that date is not a Business Day, the immediately preceding Business Day

Minimum Application Amount: NZ$5,000 and in multiples of NZ$1,000 thereafter

Minimum Holding: NZ$5,000

Minimum Transferable Amount: NZ$1,000

Face Value: NZ$1.00 per Note

Supervisor: Not applicable

Joint Lead Managers: Forsyth Barr Limited as Arranger, Bank of New Zealand and Craigs Investment Partners Limited

Trust Deed Dated: 28 November 2025

Registrar: MUFG Pension & Market Services (NZ) Limited

Settlement Status: NZCDC Settlement System

Issue Date: Friday, 12 December 2025

Expected Commencement of Trading on the NZX Debt Market: Monday, 15 December 2025

Mark Peterson

Chief Executive Officer

NZX Limited

5 December 2025