NZX Limited — Capital/Financing Update 2018

Nov 1, 2018

NZX Limited Level 1, NZX Centre 11 Cable Street PO Box 2959 Wellington 6140 New Zealand Tel +64 4 472 7599

==> picture [101 x 41] intentionally omitted <==

www.nzx.com

1 November 2018

NZX – monthly notification of acquisitions of Subordinated Notes

This notice relates to debt securities of NZX Limited that have been acquired by Forsyth Barr Limited as the Facility Agent on NZX Limited's behalf in the calendar month preceding this notice, being September 2018.

a) Class of securities and ISIN:	NZX unsecured subordinated notes(Subordinated Notes) (ISIN -NZNZXD0010L5)
b) Number of securities acquired:	Nil
c) Acquisition price:	Nil
d) Payment:	N/A
e) Amount paid up:	N/A
f) Principal terms of the securities:	N/A to Quoted Securities.
g) Percentage of total class of securitiesacquired:	Nil
h) Reason for the acquisition(s):	No Subordinated Notes were acquired inaccordance with retail liquidity support facilityagreement between NZX Limited and theFacility Agent as described in the productdisclosure statement for the issue ofSubordinated Notes dated 15 May 2018(PDS). The retail liquidity support facility(Facility) intends to facilitate and supportliquidity for small investors where liquidity isnot otherwise being provided by the market.
i) Specific authority for the acquisition(s):	The Facility Agent is authorised to buy andsell Subordinated Notes on behalf of NZX

==> picture [101 x 41] intentionally omitted <==

	pursuant to the retail liquidity support facilityagreement as described in the PDS.
j) Terms or details of the acquisition(s):	The terms of the acquisition(s) are set out inthe PDS.
k) Total number of securities of this class inexistence after the acquisition(s):	40,000,000 Subordinated Notes remain onissue after the acquisition(s) (includingSubordinated Notes held by NZX under theFacility).
l) Treasury Stock:	N/A
m) Date of acquisition(s):	N/A
n) Total number of Subordinated Notes heldby NZX under the Facility as at the lastday of the calendar month preceding thisnotice:	Nil

This notice is given in accordance with a waiver granted to NZX Limited from NZX Debt Market Listing Rule 7.12.1 dated 15 May 2018.

You can view the full waiver at: https://www.nzx.com/about-nzx/investor-centre/reports-anddisclosure

For further information, please contact: Hannah Lynch Head of Communications T: 09 308 3710 M: 021 252 8990 E: hannah.lynch@nzx.com