NZX Annual 2017 Operational & Regulation Metrics

Markets
NZX Listed Issuers31.12.17 Change YoY Cash Market TradingFY 2017 Change YoY
Total Equity Securities 159-6.5%Total Trades2,053,48717.0%
Total Listed Debt Securities1135.6%Daily Average Trades8,21417.5%
Total Other Securities25-7.4%Total Trades < $50k1,946,28419.1%
Total Listed Securities297-2.3%Total Value Traded$44.0 b0.1%
Daily Average Value Traded$176 m0.5%
Total NZX Main Board Issuers159-4.8%
Total NZAX Issuers16-11.1%
Total NXT Issuers3-25.0%
Total Equity Transactions
Total NZDX Issuers454.7%Total Trades2,015,42917.5%
Value Traded $42.1 b0.1%
Capital RaisingFY 2017 Change YoY
New Capital Listed
IPOs and Compliance Listings
$0.48 b-77.3%
Total Debt Transactions
New Debt Listings
$3.23 b-49.8%Total Trades38,058-3.7%
Value Traded$1,903 m-0.1%
Secondary Capital Raisings
Total Capital Raised By All Issuers$4,382 m-5.5%
Total Equity Raised - Primary Issuers$1,415 m-6.7%
Clearing House / DepositoryFY 2017 Change YoY
Total Equity Raised - Dual & Secondary Issuers$1,693 m-1.6%Gross Value of Cleared Trades $44.3 b0.3%
Total Debt Raised$1,274 m-5.9%Collateral Held At Period End$28.6 m-19.8%
Depository Transactions 28,4387.5%
Number of Capital Raising Events184-24.3%Assets Under Custody In Depository At Period End$494 m32.6%
Capital Raised < $0.5m29-62.8%Value Of Stock Lent Over Month$5,561 m57.3%
Capital Raised > $0.5m < $10m85-13.3%
Capital Raised > $10m < $100m6510.2%
Wholesale Data31.12.17 Change YoY
Capital Raised > $100m5-37.5%Terminal Numbers - Professional*6,058-4.7%
Terminal Numbers - Retail*1,3218.4%
Market Capitalisation31.12.17 Change YoY % of GDP
Licences - Value > $20k pa3421.4%
All Equity$135.2 b17.0%50.0%Licences - Value < $20k pa63-1.6%
All Debt$26.4 b2.7%9.7%
NZX Indices Performance31.12.17 Change YoY Direct Data Products31.12.17 Change YoY
S&P/NZX 50 Index8,39822.0%Proprietary Security Subscription Products4042.3%
S&P/NZX 50 Portfolio Index5,22523.7%- Products ≥ $3,000 p.a1595.3%
S&P/NZX A-Grade Bond Index5,1556.1%- Products < $3,000 p.a.2450.4%
S&P/NZX All Swap Index2025.2%
* 3 month average
NZX Limited - Full Year Shareholder Metrics
FY 2017
These Shareholder Metrics represent the key features of NZX's operations in each of its core businesses. The Metrics focus on what drives the
revenue performance of NZX, so as to give a consistent and transparent comparison across time periods for each business line.

DerivativesFY 2017 Change YoY Derivatives Total Lots Traded 2016 / 2017 / 2018
Futures - Total Lots Traded271,409
50.6%
Options - Total Lots Traded40,267
121.8%
Open Interest As At Period End52,163
4.2%
Energy Contracts31.12.17
Operating / Technology Contracts17
- Contracts > = $500k p.a.4
- Contracts < $500k p.a.13
Funds Services
SuperLife31.12.17 Change YoY
Funds Under Management - KiwiSaver$749 m25.1%
Funds Under Management - Other$1,250 m17.8%
Total$1,999 m20.4%
Smartshares31.12.17 Change YoY
Funds Under Management - External$701 m44.1%
Funds Under Management - SuperLife funds$1,430 m17.4%
Total$2,131 m25.0%
Units on Issue875 m12.9%
NZX Wealth Technologies31.12.17 Change YoY
Funds Under Administration$1,167 m-9.6%
Agri
Direct Data Products31.12.17 Change YoY
Subscriptions - NZ Agri Data Products3,12227.9%
Subscription - Australian Agri Data Products1,514-3.1%
Total Paid Advertising Page Equivalents Over The Period*1,382-28.7%
Notes
1. All figures are measured at the end of the last trading day of the month unless otherwise stated. Change refers to the change since the same period last year unless otherwise
stated i.e. Change YoY is change versus the same period last year.
2. All Equity Market Capitalisation includes all securities quoted on the NZX Main Board, NZX Alternative Market and NXT Market.
3. Market Capitalisation for the NZX Debt market is the total nominal (face) value of all quoted securities excluding New Zealand Government Stock.
4. NZX Limited wishes to remind readers that the above operational statistics are based on the Group's internal records, which are unaudited.
Differences may arise between this data and that disclosed in subsequent audited financial statements.
To enquire about NZX products or services, please contact: NZX Data on +64-4-471 4390
or email: data@nzx.com
To enquire about information listed on this sheet, please email cds@nzx.com
* Total paid advertising page equivalents relates to Farmers Weekly only.
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Lots Traded

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NZX Limited – Quarterly Regulation Metrics
Q4 2017
These Regulation Metrics represent the key features of NZX’s activities in regulating its Markets. The metrics focus
on key activities so as to provide transparency and a means of comparison across periods.

ISSUERS – KEY METRICS


Q4 2016 Q4 2017
Total announcements released 4767 4377
Trading halts at request of Issuer or NZXR¹ 8 20
Documents approved and waivers² granted to Issuers 41 37
Complaints received concerning Issuers 5 4
Price enquiries concerning Issuers 2 3
Investigations³ begun in relation to Issuers 30 34
Investigations ongoing at the end of the quarter/period in relation to Issuers 7 8

PARTICIPANTS – KEY METRICS

Waivers², Exemptions and Rulings granted to Participants 4 1
Inspections commenced
5 2
Complaints received concerning Participants 0 1
Investigations³ begun in relation to Participants 8 5
Investigations ongoing at the end of the quarter/period in relation to Participants 0 4

NZX RULES AND POLICY

Information on consultations carried out by NZX during the period can be found here. Amendments to the
Participant Rules, the Participant Procedures, the Derivatives Market Rules and Clearing and Settlement Rules
came into force on 1 December 2017 (having been approved by the Financial Markets Authority (FMA) in Q3
2017). The exception is Participant Rule 10.7.2 which will come into effect on 1 June 2018. Five updated guidance
notes have been published to accompany the updated rules. These can be viewed here. Additional updated
guidance notes will be published shortly. The NZX Corporate Governance Code came into effect on 1 October
2017 via amendments to NZX Main Board Listing Rule 10.4.5 for reporting periods ending 31 December 2017 and
beyond. On 11 December 2017 NZX released a guidance note relating to Environmental, Social and Governance
reporting, to help inform reporting under NZX Corporate Governance Code recommendation 4.3.

NOTES
The metrics are derived from NZX’s internal records.
1. Trading halts imposed routinely, for example on release of price-sensitive information or in the context of
corporate actions are excluded.
2. Details of waivers granted by NZX are released to the Market, and available on https://nzx.com/ and through i-
Search except where the decisions are confidential.
3. NZX will commence an investigation when it identifies a possible breach of rules.
To enquire about any information on this sheet, please email regulation@nzx.com