LGFA SOI 2024-27 and Forecast Borrowing Programme

NZX Announcement 25 June 2024 LGFA releases the 2024-27 Statement of Intent, announces bond issuance programme for 2024-25. Statement of Intent The New Zealand Local Government Funding Agency (LGFA) has released its Statement of Intent ("SOI") to shareholders that covers the three-year period from 1 July 2024 to 30 June 2027. The SOI is attached below and is available on our website: https://www.lgfa.co.nz/investors/annual-reports-and-statement-intent Bond Issuance Programme The SOI includes the strategic priorities, objectives, performance targets and financial forecasts for the organisation. As part of the financial forecasts, it is assumed the projected gross bond issuance (excluding treasury stock) for the next three years will be: FY25 NZ$5.4 billion FY26 NZ$5.5 billion FY27 NZ$5.9 billion As was the case in FY24, LGFA intends to utilise a mix of financing sources including NZD bonds and bills and foreign currency denominated bonds and ECP ENDS Released on behalf of NZ Local Government Funding Agency Limited by Mark Butcher, Chief Executive. Telephone +64 4 974 6744 Email mark.butcher@lgfa.co.nz Website lgfa.co.nz End CA:00433413 For:LGF Type:GENERAL Time:2024-06-25 16:02:57