ESG PRESENTATION

CASE STUDY - ASSET CLASS SOCIAL & AFFORDABLE HOUSING: A NEW FIXED INCOME 2 SOCIAL & AFFORDABLE HOUSING HOUSING NEW ZEALAND, A SUBSIDIARY OF KĀINGA ORA HOMES & COMMUNITIES Two transactions in April 2020 • - NZD1 Billion Dual Tranche Wellbeing Bond (5.1yr/10yr), April 2020 - NZD300m Inflation-Linked Wellbeing Bond (20yr), April 2020 Kāinga Ora seeks to become a world-class public housing landlord by partnering with government and the property and construction sector on urban development projects for communities in need Bonds fund new and retrofit social housing projects in accordance with New Zealand Government's Living Standards Framework 4th and 5th issuances since March 2019, with outstanding Wellbeing Bonds totaling NZ$2.8 billion Matthew Needham (Deputy Chief Executive): "This transaction is the next evolution on our wellbeing bond programme, which we continue to incorporate into our programmes and practices." NATIONAL HOUSING FINANCE AND INVESTMENT CORPORATION • • • National Housing Finance and Investment Corporation (NHFIC) seeks to improve housing outcomes in Australia and reduce pressure on housing affordability Bond funds 10 Community Housing Providers financing 2,736 properties 3rd issuance in 18 months, with outstanding NHFIC bonds to A$1.192 billion More outstanding Social Bonds than any other issuer in the Australian market Nathan Dal Bon (CEO): "These funds will be channelled directly to community housing providers to support Australian's most in need at such a challenging time." NZ$1,000,000,000 & NZ$300,000,000 Kāinga Ora Homes and Communities Housing New Zealand Limited, a subsidiary of Kāinga Ora - Homes and Communities 5.1 and 10 Year NZ$ Wellbeing Bonds & 20.4 Year Inflation - Indexed NZ$ Wellbeing Bonds ANZ April 2020 AUD 562,000,000 National Housing Finance Australian Government and investment Corporation National Housing Finance and Investment Corporation ('NHFIC') 12 Year Fixed Rate Social Bonds ANZ June 2020 ANZ 17

View entire presentation