Content

• NZAX Market dominates in listings, liquidity and capital raised

  28 December 2006 – The New Zealand Alternative Market (NZAX) has shown strong performance relative to the Unlisted market in 2006.

• NZX 50 Index hits record high- passing 4000 milestone

  20 December 2006 – The NZX 50 Index hit a fresh peak of 4000 this afternoon, a record high and 19% improvement since the beginning of 2006.

• Capital raised on the NZDX Market soars in 2006

  20 December 2006 - New Zealand Exchange Limited (NZX) announced today the issue of $120 million of Perpetual Preference Shares for South Canterbury Finance Limited on the NZDX Market.

• NZX welcomes Kermadec Property Fund Limited to the NZSX Market

  11 December 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome Kermadec Property Fund Limited to the NZSX Market today.

• NZX Quarterly Index Review Announced

  08 December 2006 – New Zealand Exchange Limited (NZX) announced today the results of the September Quarterly Index review. There will be no additions to or deletions from the headline NZX 50 Index this quarter. New NZSX listings Barramundi Limited and Kermadec Property Fund Limited will be added to the NZX SmallCap Index, with Kermadec’s addition subject to successful completion of the listing process.

• NZX Operating Metrics November 2006

  05 December 2006 - New Zealand Exchange Limited (NZX) today released its November 2006 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10:00am.

• NZAX Market- a vehicle for growth- celebrates its 3rd birthday

  30 November 2006 – New Zealand Alternative Exchange (NZAX) marks its third birthday this month with almost three times the number of companies and three times the market capitalisation it began with three years ago in November 2003.

• NZDX Market hits milestones for 2006

  23 November 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $50.8 million of debt securities by PINs Securities NZ Limited.

• NZX Operating Metrics October 2006

  07 November 2006 - New Zealand Exchange Limited (NZX) today released its October 2006 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10:00am.

• Comvita moves to the NZSX Market

  31 October 2006- New Zealand Exchange Limited (NZX) is pleased to announce that Comvita Limited will transfer from the NZAX to the NZSX Market today.

• Barramundi Limited lists on the NZSX Market today

  26 October 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome Barramundi Limited to the NZSX market today.

• Glass Earth joins the NZX SciTech index

  25 October 2006 – New Zealand Exchange Limited (NZX) announced today the inclusion of Glass Earth Limited (NZX: GEL) in the NZX SciTech Index.

• NZX announces result to end of third quarter 2006

  19 October 2006 - NZX announces result to end of third quarter 2006

• NZX announces Sky TV Bonds on the NZDX

  17 October 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $200 million debt securities for Sky Network Television Limited on the NZDX Market.

• Glass Earth Limited joins the NZAX today

  13 October 2006 – New Zealand Exchange Limited (NZX) welcomes Glass Earth Limited (GEL) to the NZAX Market today as an Overseas Listed Issuer.

• NZX appoints Trayport to provide new trading technology

  12 October 2006 - New Zealand Exchange Limited (NZX) has appointed Trayport, a leading supplier of electronic trading systems, to provide the technology for its core equity and debt markets, following an extensive global tender process.

• NZX welcomes further listing of UBS Telecom Warrants

  04 October 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome a further two series of Telecom Warrants onto the market from UBS Securities New Zealand Limited.

• ABN AMRO list a further seven instalment warrants today

  09 October 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome to the market a further seven series of Rolling Instalment Warrants from ABN AMRO Equity Derivatives New Zealand Limited.

• Thomson provides NZX Market Depth service to customers

  03 October 2006 – New Zealand Exchange Limited (NZX) is pleased to announce that Market depth price and volume data for all New Zealand listed securities is now available to Thomson Financial customers.

• Capital raised on the NZDX hits $2 billion for 2006

  03 October 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $350 million capital notes for GPG Finance plc (GFN) on the New Zealand Debt Market (NZDX).

• NZX Operating Metrics September 2006

  03 October 2006 - New Zealand Exchange Limited (NZX) today released its September 2006 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10:00am.

• NZAX Market Changes implemented today

  02 October 2006 – Further to the NZX release on 21 of September, tick size and trading hour amendments for the NZAX Market will be effective from today.

• NZX announces acquisition of FundSource business

  29 September 2006 – New Zealand Exchange Limited (NZX) announced today the acquisition of the business infrastructure of FundSource Research Limited

• Quarter Three Result Release Date

  29 September 2006 – New Zealand Exchange Limited (NZX) would like to advise that the NZX Group financial result for the quarter ended 30 September 2006 will be released on Thursday 19h October at 9.00am.

• NZX requests correction to factually incorrect news reports

  26 September 2006 – New Zealand Exchange Limited (NZX) has issued the following request for a correction to news reports that have appeared regarding the suspension in trading of Feltex Carpets Limited (FTX) shares yesterday.

• Securities Commission rates NZX’s market operation as good

  26 September 2006 – New Zealand Exchange Limited (NZX) is pleased that NZX’s management and operation of New Zealand’s capital markets is described by the Securities Commission as good in the report released today.

• Case against NZX struck out on all counts

  21 September 2006 – New Zealand Exchange Limited (NZX) would like to inform the market that the High Court of New Zealand has struck out all actions bought by BNZ and Access Brokerage Limited (in Liquidation) against NZX.

• Update on upcoming changes to the NZAX Market

  21 September 2006 – New Zealand Exchange Limited (NZX) would like to update stakeholders on the upcoming amendments to the NZAX Market, further to the NZX release on 31 August 2006.

• Another significant ANZ issue on the NZDX

  15 September 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $350 million debt securities for ANZ National Bank Limited (ANB) on the NZDX market.

• NZX announces Commodity Bonds issue on the NZDX

  14 September 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $121 million debt securities for Generator Bonds Limited (GTR) on the NZDX market.

• New Zealand’s largest export sector unlocked for investors

  14 September 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome Dairy Equity Limited (DEL) to the NZSX market today.

• Announcement of new Australian ECN

  11 September 2006 - New Zealand Exchange Limited (NZX), Citigroup, CommSec, Goldman Sachs JBWere, Macquarie Bank and Merrill Lynch have signed a shareholders’ agreement, incorporating a company to launch a new Australian ECN (Electronic Communications Network) that will deliver market participants a choice in reporting services.

• NZX Announces Quarterly Index Review Results

  11 September 2006 – NZX has today announced the results of the September Quarterly Index review. There will be no additions to or deletions from the headline NZX 50 Index, or other NZX Equity Indices, this quarter.

• NZX outlines referral process

  06 September 2006 – New Zealand Exchange Limited (NZX) would like to outline the process for referral of matters to the Securities Commission.

• NZX Operating Metrics August 2006

  05 September 2006 - New Zealand Exchange Limited (NZX) today released its August 2006 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10:00am.

• Review of financial providers and products positive for capital markets future

  31 August 2006 – New Zealand Exchange Limited (NZX) supports the Government review released today, aiming to clarify and simplify the regulatory environment for financial providers and products.

• NZAX Market update

  31 August 2006 – New Zealand Exchange Limited (NZX) established the NZAX Market nearly three years ago with the express objective of making it easier and cheaper for small to medium-sized companies to raise capital through the public markets.

• Smartshares Funds Half Year Results 2006

  30 August 2006 - Smartshares Limted announced the Half Year Results 2006 for its four Funds.

• New tax treatment welcomed by NZX

  25 August 2006 – Yesterday's announcement of a change to the tax treatment of employer KiwiSaver contributions by Minister of Finance, Dr Cullen, has been welcomed by NZX.

• VTL joins NZX SciTech Index

  24 August 2006 – New Zealand Exchange Limited (NZX) announces the inclusion of VTL Group Limited (NZX:VTL) to the NZX SciTech Index.

• NZX Operating Metrics July 2006

  01 August 2006 - New Zealand Exchange Limited (NZX) today released its July 2006 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10:00am.

• NZX announces first half results for 2006

  27 July 2006 - New Zealand Exchange Limited (NZX) today announced a first half 2006 operating EBITDA result of $3.56 million.

• Swap indices add new depth to debt market

  26 July 2006 – New Zealand Exchange Limited (NZX) and Westpac Institutional Bank today announced the introduction of a new set of indices for debt market participants. The NZX Swap Indices, developed in partnership with Westpac, create benchmarks for the rapidly growing swap market. Broadcast of the new indices will commence on 31 August 2006.

• NZX Executive Appointments

  24 July 2006 – New Zealand Exchange Limited (NZX) would like to announce the appointment of Stephen Armstrong as NZX Chief Financial Officer and Eric Reitman as NZX Head of Strategy.

• NZX advises timing of upcoming announcements

  20 July 2006 – New Zealand Exchange Limited (NZX) announces the timing for four upcoming announcements.

• NZX receives approval from High Court for return of capital

  06 July 2006 - New Zealand Exchange Limited (NZX) advises that the High Court has today granted orders approving the return of approximately $16.2 million of capital to shareholders, on a pro rata basis, by way of a scheme of arrangement pursuant to Part XV of the Companies Act 1993.

• NZX Operating Metrics June 2006

  04 July 2006 - New Zealand Exchange Limited (NZX) today released its June 2006 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10:00am.

• Smartshares increases its ETF tally to five with smartOZZY

  03 July 2006 – Smartshares Limited is pleased to announce the purchase of the management rights for the exchange traded fund, Tortis Ozzy and the re-naming of the fund to smartOZZY.

• NZX advises timing of business review results

  31 March 2006 – As advised in its 2005 Annual Results announcement on 17 February 2006, NZX ( New Zealand Exchange Limited) is carrying out three strategic reviews, as part of its drive toward continuous business improvement and supporting the strength and creditability of New Zealand capital markets.

• Agri-Fax announces new ownership structure, new direction

  31 March 2006 – North Canterbury-based rural data company Agri-Fax has completed the sale of its business infrastructure to NZX ( New Zealand Exchange Limited). The deal will see NZX conduct a phased takeover of the operational side of the business, whilst freeing up Agri-Fax founders Rod McKenzie and David Meares to concentrate on developing new products and services for the business.

• Dominion Finance Holdings uses the NZDX to Raise Capital for Expansion

  31 March 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $40 million capital notes for Dominion Finance Holdings Limited (DFH) on the New Zealand Debt Market (NZDX).

• NZDX Debt Raising Reaches Record Highs in 2006

  22 March 2006 – New Zealand Exchange Limited (NZX) announced today the listing of two new issues of debt for TCNZ Finance Limited (TeleBonds) bringing the amount raised on the NZDX this year to $816 million – 9% more than what was raised on the NZDX for the whole of the second half of 2005.

• NZ Refining and Skellerup moving up in the NZX Indices

  20 March 2006 – The New Zealand Refining Company Limited (NZ Refining) has had its inclusion in the NZX 50 Index expedited, and Skellerup Holdings Limited (Skellerup) is to be added to the NZX 50 Index, NZX has announced today. These index changes result from Rank Group Investments Limited’s takeover offer for all the shares on issue of Carter Holt Harvey Limited (Carter Holt Harvey) passing the crucial 90% threshold.

• Personnel changes at NZX reflects its changes in priorities

  9 March 2006 - NZX Chief Executive Mark Weldon announces personnel changes for 2006

• NZX chief executive Mark Weldon talks to ASB business

  8 March 2006 - NZX Chief Executive Mark Weldon talks to ASB Business about DMA, institutional investor confidence, the strong NZX 50 performance and Trade Me.

• NZX welcomes Witan Investment Trust plc to NZSX Market

  8 March 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome Witan Investment Trust plc to the NZSX Market today as an Overseas Listed Issuer.

• NZX February Operating Metrics

  Market Metrics for February 2006 - NZX today released its operating metrics.

• NZX receives Securities Commission inspection request

  1 March 2006 - NZX today received an information request from the Securities Commission pertaining to a proposed inspection of NZX by the Commission. The Terms of Reference include both market supervision and non-market supervision areas of NZX.

• Watch Simon Allen talk to ASB Business about NZX's 2005 Annual Result

  20 February 2006 - NZX posts strong annual profit rise despite a relatively quiet year on the main board (0:42)

• NZX announces preliminary 2005 results

  17 February 2006 - New Zealand Exchange Limited (NZX) today announced a full year EBITDA result of $6.5 million for the year ending 31 December, 2005. This represents a 46% increase on the $4.5 million EBITDA result recorded in 2004.

• Carl Daucher discusses NZX's January operating metrics and the NZAX market

  8 February 2006 - Watch as NZX Head of Finance and Strategy Carl Daucher discusses the January metrics and NZX's plans to re-energise the AX market (3:05)

• NZX January Operating Metrics including Market Insight

  Market Metrics for January 2006 - NZX today released its operating metrics.

• NZX chief executive Mark Weldon discusses the exchange's plans for the year

  25 January 2006 - Watch as NZX chief executive Mark Weldon discusses the exchange's plans for the year (3:31)

• NZX refers to Special Division decision

  30 June 2006 – New Zealand Exchange Limited ( NZX) refers to the announcement made, under the OZY code, by the Special Division of NZX (a body which is independent from NZX) which stated as follows:

• NZX welcomes Viking Capital Limited to the NZAX Market

  28 June 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome Viking Capital Limited (Viking) to the NZAX Market today.

• Hellaby's $50 million NZDX raising boosts total to $1.38 billion in 2006

  26 June 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $50 million of Capital Notes for Hellaby Holdings Limited (Hellaby's) on the New Zealand Debt Market (NZDX).

• Credit SaILS contributes to strong NZDX performance

  19 June 2006 – New Zealand Exchange Limited (NZX) announced today the issue of $92 million debt securities for Credit Saleable Index Linked Securities Limited (Credit SaILS) on the New Zealand Debt Market (NZDX).

• Restaurant Brands makes a return to the NZX 50 Index

  19 June 2006 – Restaurant Brands NZ Limited (Restaurant Brands) is to be added to the NZX 50 Index, replacing Tenon Limited (Tenon), NZX has announced today. This index change, which will be effective 3 July 2006, results from a scheduled Quarterly Index Review.

• Westpac Banking Corporation improves settlement system for NZX securities

  15 June 2006 – New Zealand Exchange Limited (NZX) wishes to advise that Westpac Banking Corporation (Westpac) will go live as an accredited NZX FASTER Participant from today.

• Babcock & Brown helps NZDX Debt Raising hit $1 Billion

  15 June 2006 – New Zealand Exchange Limited (NZX) announced today the listing of a new issue of debt for Babcock & Brown Limited (Babcock & Brown) bringing the aggregate amount raised on the NZX Debt Market (NZDX) this year to $1.24 billion – 37% more than the amount raised on the NZDX for the first half of 2005.

• EBOS and Ryman Moving Up in the NZX Indices

  14 June 2006 – EBOS Group Limited (EBOS) is to be added to the NZX 50 Index, and Ryman Healthcare Limited (Ryman) will be added to the NZX 15 Index, effective 21 June 2006, NZX has announced today. EBOS and Ryman will be filling the spaces in the NZX Equity Indices after the amalgamation of Waste Management NZ Limited and Transpacific Industries Group Limited.

• Results of polling on resolutions at NZX Annual Meeting

  9 June 2006 – NZX wishes to advise the market of the outcome of the polls on each of the resolutions put to its Annual Meeting yesterday.

• NZX welcomes Holly Springs Investment Limited and Vistron Limited to the NZAX Market

  9 June 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome Holly Springs Investment Limited (Holly Springs) and Vistron Limited (Vistron) to the NZAX Market today.

• Annual listing fee timing change

  9 June 2006 – NZX has received some enquiries regarding the revised introduction of the new annual listing fees to Listed Issuers.

• NZX chief executive Mark Weldon discusses record trading in May

  7 June 2006 - NZX Chief Executive Mark Weldon talks to ASB Business about record trading levels in May

• NZX Operating Metrics May 2006

  6 June 2006 - New Zealand Exchange Limited (NZX) today released its May 2006 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10:00am.

• New Zealand Exchange Limited receives initial orders for return of capital

  17 May 2006 – On 17 February 2006, the Directors of NZX announced that the company would distribute approximately $16.2 million of capital by way of a return of capital to shareholders.

• Rakon propels NZX SciTech Index into action

  16 May 2006 - New Zealand Exchange Limited (NZX) has launched a new index to recognise and promote the breadth of science and technology companies currently listed in New Zealand.

• NZX welcomes Rakon Limited to NZSX Market

  16 May 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome Rakon Limited (Rakon) to the NZSX Market today.

• SciTech companies recognised in a new NZX Index

  10 May 2006 – New Zealand Exchange Limited (NZX) has developed a new index to recognise and promote the breadth of science and technology companies currently listed in New Zealand.

• Telecom compliant with continuous disclosure obligations

  4 May 2006 – New Zealand Exchange Limited (NZX) confirmed that, on the basis of the information available to it, Telecom New Zealand Limited (TEL) was not in breach of its continuous disclosure obligations, under the NZX Listing Rules administered by NZX, on 3 May 2006.

• NZX April Operating Metrics 2006

  2 May 2006 - Market Metrics for April- NZX today released its operating metrics.

• New Zealand Exchanges Limited Welcomes Macquarie Securities (New Zealand) Limited

  1 May 2006 – New Zealand Exchange Limited (NZX) wishes to advise that Macquarie Securities (New Zealand) Limited (MAQA) will begin trading on the New Zealand markets as an accredited NZX Trading and Advising Firm, and Delivery and Settlement Participant, from Monday 1 May 2006.

• At the first birthday of third party Instalment Warrants – haven't they grown

  28 April 2006 – New Zealand Exchange Limited (NZX) is recording today the first anniversary of the re-introduction of third party Instalment Warrants to New Zealand capital markets by celebrating their solid growth.

• NZX welcomes Delegat’s Group Limited to NZSX Market

  21 April 2006 –New Zealand Exchange Limited (NZX) is pleased to welcome Delegat’s Group Limited (Delegat’s) to the NZSX Market today. Delegat's Group Limited is a leading producer of super premium branded New Zealand wines for export and domestic markets.

• NZX announces first quarter results for 2006

  New Zealand Exchange Limited (NZX) today announced a first quarter 2006 EBITDA result of $1.57 million. This represents a 41% increase on the $1.11 million EBITDA result recorded for the same quarter of 2005. Net profit after tax reached $1.15 million, an increase of 39% over the same period in 2005. This result was achieved on operating revenue of $4.83 million, which increased 17%.

• NZX confirms 2006 Listed Issuer Services review

  21 April 2006 – New Zealand Exchange Limited (NZX) announced today the conclusions of its 2006 Listed Issuer service review. The result is a simplified pricing structure for NZX Listed Issuers that more closely reflects the services provided and retains relativity with other international exchanges.

• Tax changes positive for New Zealand capital markets and companies, says NZX

  11 April 2006 - New Zealand Exchange Limited (NZX) CEO Mark Weldon heralded today's tax change announcement by the Government as evidence that New Zealand equity investments would at long last be able to come into their own.

• NZX welcomes nine new warrants to the New Zealand market

  10 April 2006 – New Zealand Exchange Limited (NZX) is pleased to welcome a further series of new Instalment Warrants onto the market, listed by ABN Amro Equity Derivatives NZ Limited (ABN Amro).

• NZX chief executive Mark Weldon discusses record trading levels on NZX

  5 April 2006 - NZX Chief Executive Mark Weldon talks to ASB Business about takeovers, record trading levels and Agri-fax.

• NZX March Operating Metrics

  4 April 2006 - Market Metrics for March - NZX today released its operating metrics.