Vector Limited (NS) — Capital/Financing Update 2021

Nov 18, 2021

Market Release 18 November 2021

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Vector retail bond offer – interest rate set

Vector Limited ( Vector ) (NZX: VCT) today announced that, following a successful bookbuild for its offer of 6 year unsecured, unsubordinated fixed rate bonds ( Bonds ), NZ$225 million of Bonds have been allocated to participants in the bookbuild process. This includes oversubscriptions of NZ$25 million, which is 25% of the amount available for oversubscriptions. All of the Bonds have been allocated to clients of the Joint Lead Managers, NZX Participants and other approved financial intermediaries for distribution to their clients. There was no public pool for the offer.

The interest rate for the Bonds has been set at 3.69% per annum, which is the sum of the issue margin of 0.95% per annum and the underlying swap rate of 2.74% per annum.

The Bonds will be issued on 26 November 2021 and will mature on 26 November 2027. The bonds are expected to be quoted on the NZX Debt Market under the ticker code VCT100 and commence trading on 29 November 2021.

A copy of the final terms sheet for the Bonds will be provided to NZX shortly and will also be available through www.vector.co.nz/investors/bonds or by contacting a Joint Lead Manager or NZX Participant.

For further details investors can contact one of the Joint Lead Managers listed below, or their usual financial advice provider.

Joint Lead Managers

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ENDS

Investor contact

Jason Hollingworth Chief Financial Officer Mobile: 021 312 928

About Vector

Vector is an innovative New Zealand energy company which runs a portfolio of businesses delivering energy and communication services to more than one million homes and commercial customers across Australasia and the Pacific. Vector is leading the country in creating a new energy future through its Symphony strategy which puts customers at the heart of the energy system. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For further information, visit www.vector.co.nz

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