Increase in LGFA Treasury Stock

NZX Announcement 02 September 2024 Increase in Treasury Stock New Zealand Local Government Funding Agency Limited (LGFA) has decided to increase the amount of bonds issued by LGFA (Bonds) that may be held as Treasury Stock. For each series of Bonds, LGFA will increase its holding by $50 million, from the current $100 million to $150 million. The increase for each series will occur the next time Bonds of that series are issued via a bond tender or syndication. The decision to increase the amount of Treasury Stock reflects the increased trading activity in Bonds that has led to an increased borrowing demand by banks. ENDS Released on behalf of New Zealand 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