AIA - $1.2 billion Placement Fully Subscribed

Tuesday 17th September 2024

Auckland International Airport Limited (“Auckland Airport”) (AIA.NZX, AIA.ASX) is pleased to announce that it has successfully completed the bookbuild for its $1.2 billion fully underwritten placement, announced on 16 September 2024 ("Placement"). The Placement was strongly supported, attracting bids well in excess of the $1.2 billion total offer amount from existing institutional and other select investors in both local and offshore markets. Auckland Airport endeavoured to allocate all existing eligible institutional shareholders who bid for their pro-rata allocation of the Placement at least that amount of new shares.

The Placement was fully subscribed at the Offer price of $6.95 per share. This represents a discount of 7.0% to the ex-dividend adjusted(1) last close price of $7.48 on 13 September 2024 and a discount of 6.3% to the ex-dividend adjusted1 5-day VWAP of $7.41.

Chief Executive Carrie Hurihanganui said she was very pleased with the level of support for the Placement, and the broader capital investment programme shown by the investment community, to enable Auckland Airport to deliver critical infrastructure that will add resilience and provide greater airline capacity growth.

Settlement of the Placement is expected to occur on 19 September 2024 for the ASX and on 20 September 2024 for the NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 20 September 2024. The new shares to be issued under the Placement will rank equally in all respects with Auckland Airport’s existing ordinary shares quoted on the NZX and ASX from the date of allotment. New shares are not entitled to the final dividend to be paid on 4 October 2024 (with a record date of 19 September 2024).

As announced on 16 September 2024, Auckland Airport is also undertaking a $200 million retail offer ("Retail Offer")(2). The Retail Offer Document, together with an application form, will be sent on 19 September 2024 to eligible retail shareholders as at the record date of 13 September 2024 with a registered address in New Zealand or Australia and will also be made available online at www.aucklandairportshares.co.nz from 19 September 2024.

Key dates relating to the Retail Offer are set out in the Appendix to this announcement.

ENDS

AIA - Auckland Airport $1.2 billion Placement Fully Subscribed

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