Vector Limited (NS) — Capital/Financing Update 2021

Nov 25, 2021

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Capital Change Notice

Section 1: Issuer information
Name of issuer	Vector Limited
NZX ticker code	VCT
Class of financial product	Unsecured, unsubordinated,fixed rate, six year bonds
ISIN (If unknown, check on NZX website)	NZVCTDT013C8
Currency	New Zealand Dollars ($)
Section 2: Capital change details
Number issued/acquired/redeemed	225,000,000 unsecured,unsubordinated, fixed rate, sixyear bonds
Nominal value (if any)	$1.00
Issue/acquisition/redemption price per security	$1.00 per bond
Nature of the payment (for example, cash or otherconsideration)	Cash
Amount paid up (if not in full)	Fully paid
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any TreasuryStock, in existence)	100%
For an issue of Convertible Financial Products or Options,the principal terms of Conversion (for example theConversion price and Conversion date and the ranking of theFinancial Product in relation to other Classes of FinancialProduct) or the Option (for example, the exercise price andexercise date)	Not applicable
Reason for issue/acquisition/redemption and specificauthority for issue/acquisition/redemption/ (the reason forchange must be identified here)	Allotment under Final TermsSheet dated 18 November 2021
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excludingTreasury Stock) and the total number of Financial Productsof the Class held as Treasury Stock after theissue/acquisition/redemption.	225,000,000
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	Not applicable
Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Board resolutions dated 3November 2021

Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	The issued unsecured,unsubordinated, fixed rate, sixyear bonds rank equally withexisting unsecured,unsubordinated, fixed rate bondsalready quoted on the DebtMarket of NZX Limited under theticker code “VCT090”.As set out in the Final TermsSheet dated 18 November 2021.
Date of issue/acquisition/redemption	26 November 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Jason Hollingworth
Contact person for this announcement	Jason Hollingworth
Contact phone number	021 312 928
Contact email address	Jason.hollingworth@vector.co.nz
Date of release through MAP	26 November 2021