Vector Limited (NS) — Capital/Financing Update 2021

Nov 18, 2021

Market Release 18 November 2021

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Vector retail bond offer – books closed

Following the successful bookbuild process for its bond offer, Vector Limited ( Vector ) (NZX: VCT) confirmed today that the offer has closed and NZ$225 million of bonds ( Bonds ) have been allocated to participants (or their clients) in the bookbuild. This includes oversubscriptions of NZ$25 million, which is 25% of the amount available for oversubscriptions. There was no public pool for the offer, with all Bonds allocated to clients of the Joint Lead Managers, NZX Participants and other approved financial intermediaries.

The issue margin for the Bonds has been set at 0.95% per annum and the interest rate will be announced later today along with the release of the final terms sheet.

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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