Westpac New Zealand Economic and Sustainability Strategy Update
Disclaimer
The material contained in this presentation is intended to be general background information on Westpac Securities NZ Limited ("WSNZL") and Westpac New Zealand Limited ("WNZL") and their activities.
It should not be reproduced, distributed or transmitted to any person without the consent of WNZL and is not intended for distribution in any jurisdiction in which such distribution would be contrary to local law or
regulation. It does not constitute a prospectus, offering memorandum or offer of securities. The information is supplied in summary form and is therefore not necessarily complete. Also, it is not intended that it be
relied upon as advice to investors or potential investors, who should consider seeking independent professional advice depending upon their specific investment objectives, financial situation or particular needs. The
material contained in this presentation may include information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy,
completeness or reliability of the information.
All amounts are in New Zealand dollars unless otherwise indicated.
Financial data in this presentation is as at 31 March 2021 unless otherwise indicated.
Information contained in, or otherwise accessible through, the websites mentioned in this presentation does not form part of the presentation unless we specifically state that the information is incorporated by
reference thereby forming part of the presentation. All references in this presentation to websites are inactive textual references and are for information only.
The securities described herein (the "Covered Bonds") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the
United States or to or for the account or benefit of U.S. persons, as defined in Regulation S under the Securities Act. This presentation is not intended for distribution to and must not be passed on to any retail client.
This presentation is being distributed to, and is directed only at (i) persons who are outside the UK; (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order; or (iv) any
other persons to whom it may otherwise lawfully be communicated or caused to be communicated (all such persons in (i) to (iv) together being referred to as "Relevant Persons"). Any security, investment or
investment activity to which this presentation relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this presentation or
any of its contents. With this in mind, WNZL expressly prohibits you from passing on the information in this communication to any third party. In particular this communication and, in each case, any copies thereof
may not be taken, transmitted or distributed, directly or indirectly into any restricted jurisdiction.
MiFID II product governance / target market - Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect of the Covered Bonds has led to the conclusion that:
(i) the target market for the Covered Bonds is eligible counterparties and professional clients only, each as defined in Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); and (ii) all channels for distribution
of the Covered Bonds to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Covered Bonds (a "Distributor") should take into consideration
the manufacturers' target market assessment; however, a Distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Covered Bonds (by either adopting or
refining the manufacturers' target market assessment) and determining appropriate distribution channels.
UK MiFIR product governance / target market - Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect of the Covered Bonds has led to the conclusion
that: (i) the target market for the Covered Bonds is only eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook, and professional clients, as defined in Regulation (EU) No
600/2014 as it forms part of domestic law by virtue of the EUWA (the "UK MiFIR"); and (ii) all channels for distribution of the securities to eligible counterparties and professional clients are appropriate. Any person
subsequently offering, selling or recommending the Covered Bonds (a "UK distributor") should take into consideration the manufacturers' target market assessment; however, a UK distributor subject to the FCA
Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for undertaking its own target market assessment in respect of the Covered Bonds
(by either adopting or refining the manufacturers' target market assessment) and determining appropriate distribution channels.
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