AURIZON HOLDINGS LIMITED — Capital/Financing Update 2021

Mar 2, 2021

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Aurizon Holdings Limited ABN 14 146 335 622

ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

BY ELECTRONIC LODGEMENT

3 March 2021

Aurizon successfully prices debut A$ Medium Term Notes

Please find attached announcement for release to the market. Kind regards

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Dominic D Smith

Company Secretary

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T +61 7 3019 9000 | F +61 7 3019 0720 | CompanySecretary@aurizon.com.au Level 8, 900 Ann Street, Fortitude Valley QLD 4006 Australia | GPO Box 456 Brisbane QLD 4001 Australia

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ASX Announcement

3 March 2021

Aurizon successfully prices debut A$ Medium Term Notes

Aurizon has successfully priced its debut issuance for Aurizon Operations Limited (through its financing subsidiary Aurizon Finance Pty Ltd) under its recently established A$ Debt Issuance Programme.

The A$500 million 7-year Notes (Notes) will be issued at a fixed coupon of 3.0% per annum, pricing at 180 basis points over the 7-year swap rate.

Settlement of the issuance is expected to take place on 9 March 2021. The Notes will rank equally with Aurizon Finance's existing debt facilities and will mature in March 2028.

The Notes are expected to be rated Baa1 by Moody's and BBB+ by Standard & Poor's, in line with Aurizon Operations’ existing credit ratings. The proceeds will be initially used to repay existing bank debt facilities and ultimately be deployed consistent with Aurizon’s capital allocation framework.

Aurizon's Chief Financial Officer and Group Executive Strategy, George Lippiatt said, “The success of the issuance is a testament to Aurizon Operations’ strong credit profile, the positive outlook of Australian commodity markets and the significant growth in our Bulk business. The recently established programme enables Operations to diversify its funding sources and contribute to the lengthening of its debt maturity profile. We are pleased with the continued support for Aurizon given this is the fourth transaction executed across the Group in the past 12 months, resulting in an increase in over A$1 billion of total debt capacity.”

For more information:

Investors: Chris Vagg +61 409 406 128

Media: Mark Hairsine +61 418 877 574