Quotation Notice: NZX Limited (NZX010) Notes

QUOTATION NOTICE: NZX DEBT MARKET NZX LIMITED ("NZX010") NOTES Issuer: NZX Limited ("NZX") Security Code: NZX010 ISIN: NZNZXD0010L5 Details of Issue: An Offer of up to $40,000,000 of unsecured, subordinated notes Opening Date: Monday, 28 May 2018 Closing Date for the Priority Offer Friday, 8 June 2018 Closing Date for the General Offer Friday, 15 June 2018 Interest Rate: 5.40% per annum Maturity Date: Monday, 20 June 2033 Issue Date: Wednesday, 20 June 2018 Interest Payment Dates: 20 March, 20 June, 20 September and 20 December in each year up to and including the Maturity Date Date of First Interest Payment: Thursday, 20 September 2018 First Interest Paid To: Holder on Record Date Record Date: 10 calendar days prior to the relevant Interest Payment Date, or, if that date is not a business day, the immediately preceding business day Minimum Application Amount: $5,000 and multiples of $1,000 thereafter Minimum Holding: $5,000 Minimum Amount Transferrable: $1,000 Face Value: $1.00 per Note Arranger and Organising Participant: Forsyth Barr Limited Joint Lead Managers: Commonwealth Bank of Australia (acting through its New Zealand branch), First NZ Capital Limited and Forsyth Barr Limited Trust Deed Dated: Tuesday, 15 May 2018 Registrar: Link Market Services Limited ("LNKT") Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Thursday, 21 June 2018 Mark Peterson Chief Executive Officer NZX Limited 28 May 2018 End CA:00318518 For:NZX Type:OFFER Time:2018-05-28 08:30:53