ALLOT: WHS: The Warehouse Group bond offer closes fully subscribed

28 Apr 2010 12:18 pm

WHS 28/04/2010 ALLOT

REL: 1218 HRS The Warehouse Group Limited

ALLOT: WHS: The Warehouse Group bond offer closes fully subscribed

THE WAREHOUSE GROUP LIMITED

The Warehouse Group bond offer closes fully subscribed

The Warehouse Group is delighted to announce that its $100m bond offer has been well received and has closed fully subscribed, with bonds being allotted today.

The bonds carry an interest rate of 7.37%, being the Benchmark Swap Rate of 5.22% on 28 April 2010 plus the Margin of 2.15%. The Bonds are expected to commence trading on the NZDX on 29 April 2010. Investors will also be sent their statements of holding on 29 April 2010.

ENDS

THE WAREHOUSE GROUP LIMITED - UNSECURED, UNSUBORDINATED FIXED RATE BONDS ALLOTMENT NOTICE

The following information is provided by The Warehouse Group Limited in accordance with Listing Rule 7.12.1. A total of NZ$100,000,000 bonds have been allotted to investors pursuant to a simplified disclosure prospectus dated 12 March 2010. Listing Rule 7.12.1 (a) Class of Security and ISIN: Unsecured, unsubordinated fixed rate bonds with an interest rate of 7.37% per annum and a maturity date of 15 June 2015. ISIN: NZWHSDT001C8 (b) Number issued: 100,000,000 (c) Issue price: NZ$1.00 per bond (d) Payment: Cash (e) Amount paid up: Paid in full (f) Percentage of total class issued: 100% (g) Reason for issue: Pursuant to a simplified disclosure prospectus dated 12 March 2010. (h) Specific authority for the issue: Resolution of directors. (i) Terms or details of the issue: As described in the simplified disclosure prospectus dated 12 March 2010. (j) Total number of securities of the class in existence after the issue: 100,000,000 bonds (k) Treasury stock: Not applicable (l) Date of issue: 28 April 2010

ENDS.

For more information contact: Luke Bunt Chief Financial Officer The Warehouse Group Limited Phone: 09 488 3243 End CA:00194241 For:WHS Type:ALLOT Time:2010-04-28:12:18:47

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