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NZX Announcement 30 October 2024 Please find attached an updated list of LGFA guarantors as at 30 October 2024. Upper Hutt City Council have had their credit rating downgraded to "A" by S&P Global Ratings. They were previously rated "A+" with a negative outlook. ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark Butcher, Chief Executive. Telephone +64 4 974 6744 Email mark.butcher@lgfa.co.nz Website lgfa.co.nz