Auckland International Airport Limited of NZD 150,000,000 of fixed rate bonds under its master trust deed dated 9 July 2004, as modified and supplemented by the supplemental trust deed dated 17 September 2018 entered into between Auckland International Airport Limited and The New Zealand Guardian Trust Company Limited. The offer of Bonds is being made in reliance upon the exclusion in clause 19 of schedule 1 of the Financial Markets Conduct Act 2013. Except for the interest rate and maturity date, the Bonds will have identical rights, privileges, limitations and conditions as Auckland Airport's: 4.73% NZD 100,000,000 fixed rate bonds maturing on 13 December 2019 which are quoted on the NZX Debt Market under the ticker code AIA120; 5.52% NZD 150,000,000 fixed rate bonds maturing on 28 May 2021 which are quoted on the NZX Debt Market under the ticker code AIA130; 4.28% NZD 100,000,000 fixed rate bonds maturing on 9 November 2022 which are quoted on the NZX Debt Market under the ticker code AIA200; 3.97% NZD 225,000,000 fixed rate bonds maturing on 2 November 2023 which are quoted on the NZX Debt Market under the ticker code AIA210; and 3.64% NZD 100,000,000 fixed rate bonds maturing on 17 April 2023 which are quoted on the NZX Debt Market under the ticker code AIA220.