Investor Presentaiton

0 NZ $billions 50 45 2023/24 annual NZGB programme increased to NZ$38 billion 40 35 30 25 20 15 10 LO 5 Year ending 30 June Historical Actual Issuance PREFU - September 2023 IHYEFU - December 2023 Source: NZDM, The Treasury 2023 2024 2025 2026 250 Forecast 200 -Total Outstandings (RHS) 0 50 150 100

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