Z Energy Limited is making an offer of secured, senior, fixed rate bonds for a term of 7 years at a fixed interest rate of 7.25% p.a. .

The offer opened on Friday 8 July 2011 and will remain open until 5 August 2011 (unless extended by Z Energy).

Applications for the bonds can only be made using the application form included in the attached Simplified Disclosure Prospectus for the bonds. ANZ, First NZ Capital, Forsyth Barr and Westpac are all acting as joint lead managers for the issue, which is expected to close on August 5.

zbond simplifieddisclosure prospectus0711