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Kiwi Capital Funding Limited Considers Capital Note Offer

Kiwi Capital Funding Limited Considers Capital Note Offer

Kiwi Capital Funding Limited (KCFL) is considering making an offer of up to $100 million of unsecured subordinated Capital Notes to the New Zealand public.

Proceeds of the offer of Capital Notes will be used to invest in convertible subordinated bonds to be issued by Kiwibank Limited (a related company of KCFL), which will help Kiwibank meet its regulatory capital requirements under the Reserve Bank’s Basel III framework. The Capital Notes will not be guaranteed by Kiwibank or New Zealand Post or any other person.

Interest in the offer may be registered by contacting one of the Joint Lead Managers to the offer (listed below) or your usual financial adviser.

• Deutsche Craigs Limited 0800 226 263

• Forsyth Barr Limited 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 Capital Notes will be made in the week commencing 5 May 2014.

No money is currently being sought and no applications for Capital Notes 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.

ENDS

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