LATEST NEWS CENTRE ITEMS
RES QUARTERLY INTEREST PAYMENT
15/06/2012
IAG finance (New Zealand) Limited (IAN)
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15 June 2012 Manager, Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam IAG FINANCE (NEW ZEALAND) LIMITED (IAN) QUARTERLY INTEREST PAYMENT IAG Finance (New Zealand) Limited today announced the Interest Rate in respect of the RES for the quarter ending 16 September 2012, calculated as follows: Bank Bill Rate (90 Day Bank Bill Rate as at 15 June 2012) 3.6067 % pa Plus RES Margin 4.0000 % pa 7.6067 % pa Multiplied by 1 – Tax Rate 0.70 Interest Rate 5.3247% pa Interest Payment per RES $1.3713 Please note that as 15 September 2012 falls on a non business day, under clause 3.7 of the RES Terms, the next business day becomes the payment date. The Interest Payment of $1.3713 is expected to be fully franked and will be paid in respect of each RES on 17 September 2012 with a Record Date of 7 September 2012, subject to the satisfaction of the interest payment tests set out in clause 3.3 of the RES Terms. Under the RES Terms all calculations of interest payments will be rounded to four decimal places. For the purposes of making any payment in respect of a RES Holder's aggregate holding of RES, fractions of cents will be disregarded. Yours sincerely Chris Bertuch Group General Counsel & Company Secretary IAG Finance (New Zealand) Limited ABN 97 111 268 243 Incorporated in Australia New Zealand Branch NZI Centre, Level 1 1 Fanshawe Street Auckland, New Zealand T +64 (0)9 969 6130 www.iag.com.au