AIA is considering making an offer of securities (”Bonds”) to the public and as a result will be issuing an investment statement. No money is currently being sought and no applications for Bonds will be accepted or money received unless the subscriber has received an investment statement.

Bank of New Zealand has been appointed as Lead Manager to the issue of Bonds that AIA is considering. First NZ Capital has been appointed Organising Participant and Co-Lead Manager. ABN AMRO Craigs and Forsyth Barr have been appointed Co-Managers.

AIA is seeking preliminary indications of interest for the Bonds. Indications of interest should be directed by NZX participants and other financial intermediaries to Kevin Mitchelson at the Bank of New Zealand, whose contact details are given below. Members of the public should indicate their interest to NZX participants or their financial advisers or intermediaries. No indication of interest will create an obligation or commitment of any kind.

The Bonds AIA is intending to offer will be unsecured, unsubordinated debt obligations, issued under a master trust deed, registered prospectus and investment statement.

The Bonds will be issued in different Series. A Series can be made up of a number of Tranches. Each Tranche in a series will be identical apart from the date of issue and the first interest accrual date.