Air New Zealand announces opening of Rights Offer

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz Investor website:
www.airnewzealand.co.nz/investor
Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC : ANZLY)
MARKET ANNOUNCEMENT










NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

6 April 2022

Air New Zealand announces opening of Rights Offer
On 30 March 2022, Air New Zealand announced the launch of a 2 for 1 pro rata renounceable
rights offer (Rights Offer) of new fully paid ordinary shares in Air New Zealand (New Shares)
to raise $1.2 billion as part of its recapitalisation plan.
Air New Zealand is now pleased to invite eligible shareholders to apply to participate in this
Rights Offer which opens today and closes at 5.00pm (NZST) / 3.00pm (AEST) on 2 May
2022.
Under the Rights Offer, for each existing share held in Air New Zealand at 7.00pm (NZST) /
5.00pm (AEST) on 5 April 2022 an eligible shareholder will receive one right to subscribe for 2
New Shares at the offer price of NZ$0.53 per New Share (or A$0.49 per New Share) (a Right).
Eligible shareholders who take up their Rights in full also have the opportunity to apply for
additional New Shares in a shortfall bookbuild process, as described in the Offer Document.
Applications by eligible shareholders in New Zealand and Australia can be made using the
online application form at https://airnz.rightsoffer.co.nz or by returning an acceptance form and
following the payment instructions set out on that form. Eligible shareholders in certain other
jurisdictions will be contacted directly by Air New Zealand with further information.
Further details on the Rights Offer and the shortfall bookbuild, including key dates and how to
apply, are set out in the Offer Document, which is available online along with the Investor
Presentation at https://airnz.rightsoffer.co.nz. Eligible shareholders are encouraged to read the
Offer Document and Investor Presentation carefully, and if in any doubt about whether or not
to apply for New Shares under the Rights Offer or the shortfall bookbuild, to consult with a
financial or other professional advisor.

Ends.

This announcement has been authorised for release to NZX and ASX by:
Jennifer Page
General Counsel & Company Secretary
Email: jennifer.page@airnz.co.nz
Phone: +64 27 9090 691

For investor relations queries please contact:
Leila Peters
GM Corporate Finance
Email: leila.peters@airnz.co.nz
Phone: +64 21 743 057

2

For media enquiries, please contact:
Air New Zealand Communications
Email: media@airnz.co.nz
Phone: +64 21 747 320


Important Information

This communication is not for distribution or release in the United States. This
communication does not constitute an offer to sell, or the solicitation of an offer to buy,
any securities in the United States. The Rights and the New Shares have not been,
and will not be, registered under the US Securities Act of 1933 (US Securities Act), or
the securities laws of any state or other jurisdiction of the United States, and may not
be offered or sold, directly or indirectly, in the United States or to any person acting for
the account or benefit of any person in the United States, except in transactions
exempt from, or not subject to, registration under the US Securities Act and applicable
securities laws of any state or other jurisdiction of the United States.