Investor Presentaiton

Well balanced and diversified funding Wholesale funding (%) Wholesale funding by currency (%) 15 21 19 37 NZD USD EUR CHF 31 GBP Domestic Medium Term Notes 11 4 24 ■NZ Certificates of Deposit 7 Euro Medium Term Notes 30 30 Funding mix (%) 5 ∞ 18 69 69 US Commercial Paper Covered Bonds Customer Deposits Equity I Wholesale Onshore Wholesale Offshore Commentary Funding composition well balanced between domestic and offshore wholesale programmes ➤ Lower reliance on US Commercial Paper Focus for wholesale funding will be consistent issuance into established markets with diversification within current geographies 20

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