Largest equity issue year to date – Pike River lists today

20 July 2007 – Pike River Coal Limited lists on the NZSX Market today, raising $85 million of capital, which includes $20 million of oversubscriptions.

NZX Markets Development Manager, Geoff Brown said, “The demand for the Pike River issue gives evidence of a strong appetite for this investment.

The issue increases the range of investment opportunities available for investors on the NZX markets and creates a much broader exposure to the New Zealand listed resource sector.”

Shares in Pike River Coal will be quoted on the NZSX Market under the security code PRC from 12pm today.

For more information, please contact:

Lucy McFadden
Communications
New Zealand Exchange Limited
04-496-2890
027-512-7832