HGH announces DRP strike price and AUD FX rate for dividend

Heartland Group Holdings Limited | NZX/ASX: HGH | PO Box 9919, Newmarket, Auckland 1149 |
shareholders.heartland.co.nz

NZX/ASX release
10 March 2022

Heartland announces DRP strike price and AUD FX rate for
dividend

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) advises the strike price for shares to
be issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 16
March 2022 is $2.11047052 per share.

The strike price has been determined in accordance with the DRP as the volume weighted average
sale price for a Heartland share calculated on all trades of Heartland shares which took place
through the NZX Main Board over the period of 5 trading days immediately following the record date
of 2 March 2022, less a 2% discount.

Shareholders who have made a valid election to participate in the DRP will receive Heartland shares,
instead of cash, for the dividend payable on 16 March 2022.

Heartland also advises that the foreign exchange (FX) rate to be used for payment of the cash
dividend in Australian dollars (where applicable) has been set at 0.9312.

A revised distribution notice in respect of the dividend and the new shares to be issued under the
DRP is attached.

– ENDS –

For further information, please contact the person(s) who authorised this announcement:

Andrew Dixson
Chief Financial Officer
021 263 2666
andrew.dixson@heartland.co.nz
Level 3, Heartland House, 35 Teed Street, Newmarket, Auckland, New Zealand