Quotation Notice - LGF190

02/04/2026 08:41 NZDT, OFFER

QUOTATION NOTICE: NZX DEBT MARKET

NEW ZEALAND GOVERNMENT FUNDING AGENCY LIMITED (“LGF190”) BONDS

Company: New Zealand Local Government Funding Agency Limited (“LGF”)

Security Code: LGF190

ISIN: NZLGFDT022C3

Details of Issue: NZ$850 million of unsecured, unsubordinated, fixed rate sustainable financing bonds ("Sustainable Financing Bonds"). NZ$150 million of Sustainable Financing Bonds are reserved for subscription by LGF.

Offer Opening Date: Tuesday, 31 March 2026

Offer Closing Date: Wednesday, 1 April 2026

Maturity Date: Monday, 15 May 2034

Interest Rate: 4.75% per annum

Interest Payment Dates: 15 May and 15 November in each year up to, and including, the Maturity Date

Date of First Interest Payment: Friday, 15 May 2026

First Interest Paid To: Holder on Record Date

Record Date: The close of business on the 10th calendar day before an Interest Payment Date. If that date is not a business day, the immediately preceding business day (as business day is defined in the Master Trust Deed).

Minimum Application Amount: NZ$10,000 and in multiples of NZ$1,000 thereafter

Minimum Holding: NZ$10,000

Minimum Transferable Amount: Partial transfers permitted, provided that following transfer the transferor or the transferee hold bonds with an aggregate holding of not less than $10,000 or in multiples of $1,000 thereafter

Face Value: NZ$1.00 per Bond

Joint Lead Managers: ANZ Bank New Zealand Limited (Joint Lead Manager); Bank of New Zealand (Joint Lead Manager); Commonwealth Bank of Australia (ABN 48 123 123 124) (acting through its New Zealand branch) (Joint Lead Manager); and Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) (Joint Lead Manager).

Trust Deed Dated: Master Trust Deed dated 7 December 2011 (as amended from time to time) ("Master Trust Deed") and Supplemental Trust Deed dated 6 April 2023 (as amended from time to time)

Registrar: Computershare Investor Services Limited

Settlement Status: NZCDC Settlement System

Issue Date: Wednesday, 8 April 2026

Expected Commencement of Trading on the NZX Debt Market: Thursday, 9 April 2026

Mark Peterson

Chief Executive Officer

NZX Limited

2 April 2026