S&P/NZX Primary Sector Index established today

The S&P/NZX Primary Sector Index was established today, replacing the S&P/NZX Farmers Weekly indices. With a greater proportion of investment moving from active to passive funds, this index will support investors to better track the performance of this growing sector. Companies in this index include those operating in the agriculture (red meat and wool, dairy farming and horticulture), fishing, forestry and viticulture sectors. This index also underpins the New Zealand exchange's strategy to support the growth of companies whose success is aligned to our country's natural advantage. The dairy sector already benefits from the NZX dairy derivatives market which supports farmers, producers, and manufacturers to better manage their price risk. There are 15 companies in this index which generate 6% of New Zealand's Gross Domestic Product their combined market capitalisation accounts for 12% of the NZX Main Board. NZX analysis shows that since 2011, the S&P/NZX Primary Sector Index has increased 327%, compared to the S&P/NZX 50 index up 153%. The PE ratio of the S&P/NZX Primary Sector Index is 30.2X compared to 19.2X for the S&P/NZX 50. Companies included in the S&P/NZX Primary Sector Index are: o The a2 Milk Company Limited o Comvita Limited o Delegat Group Limited o Foley Family Wines Limited o Fonterra Shareholder' Fund o Livestock Improvement Corporation Limited (NS) o New Zealand King Salmon Investments Limited o PGG Wrightson Limited o Sanford Limited (NS) o Scales Corporation Limited o SeaDragon Limited o Seeka Limited o Synlait Milk Limited (NS) o T&G Global Limited o Tegel Group Holdings Limited For further information please contact: Hannah Lynch Head of Communications T: 09 308 3710 M: 021 252 8990 E: hannah.lynch@nzx.com End CA:00317043 For:NZXO Type:MKTUPDTE Time:2018-04-23 08:30:07