Fixed Rate Notes Offer Closes

ASB Bank Limited (ASB) confirmed today that the issue size for the offer of a new series of unsecured unsubordinated fixed rate notes maturing on 2 September 2030 (Notes) has been set at NZ$1,200 million. The margin for the Notes has been set at 0.77% per annum. All of the Notes have been allocated to financial intermediaries for distribution to their clients and there will be no public pool available. The Notes will be issued on 2 September 2025. The Notes are expected to be quoted on the NZX Debt Market under the ticker code ABB120. ENDS For enquiries, contact: Steve Lucas, General Manager Treasury, ASB Bank Limited funding@asb.co.nz