NZX Limited — Interim / Quarterly Report 2021

Feb 2, 2021

NZX Limited - Monthly Shareholder Metrics

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January 2021

These shareholder metrics represent the key operations of NZX's business.

Core Markets

NZX Listed Issuers Jan 2021 Change YoY	Capital Raising Jan 2021 YTD Change YoY	Capital Raising Jan 2021 YTD Change YoY
Total equity securities 131 - Total fund securities 49 8.9%	Total capital raisings $260 m $260 m -64.0%
Total retail debt securities 142 2.2% Total wholesale debt securities 8 60.0% Total other securities 4 - Total listed securities 334 3.1% Total NZX Main Board equity issuers 129 - Total NZX Main Board fund issuers 49 8.9% Total NZX Debt Market retail debt issuers 51 - Total NZX Debt Market wholesale debt issuers 2 - Total other issuers 4 33.3% Total unique issuers 206 3.0%	New Capital Listed
	Total capital listed by all issuers - - -100.0% Equity listings - - - Fund listings - - - Retail debt listings - - -100.0% Wholesale debt listings - - -
	Secondary Capital Raisings
	Total capital raised by all issuers $260 m $260 m 16.8% Total equity raised - NZ issuers $4 m $4 m -56.5% Total equity raised - dual or foreign issuer $1 m $1 m -
Market Capitalisation Jan 2021 Change YoY % of GDP	Total funds raised - NZ issuers $216 m $216 m 120.0%
Total market capitalisation $233,625 m 13.9% 76.9% All equity $186,074 m 13.5% 61.3% All funds $6,431 m 24.3% 2.1% All other $37 m 492.2% 0.0% Total NZX Main Board $192,542 m 13.9% 63.4% Retail debt $34,221 m 4.7% 11.3% Green bonds $2,400 m 166.7% 0.8% Wholesale debt $4,462 m 80.8% 1.5% Total NZX Debt Market $41,083 m 14.0% 13.5%	Total funds raised - dual or foreign issuer $39 m $39 m -65.6% Total retail debt raised - - -100.0% Total wholesale debt raised - - - Total number of secondary capital raising events 331 331 30.3% Equity issuers - capital raised < $10m 22 22 57.1% Equity issuers - capital raised ≥ $10m < $100m - - - Equity issuers - capital raised ≥ $100m - - - Fund issuers - capital raised 309 309 29.3% Retail debt issuers - capital raised - - -100.0% Wholesale debt issuers - capital raised - - -
Cash Market Jan 2021 Change YoY
Total value traded $3,621 m 9.6% Daily average value traded $191 m 21.1% On-market value traded $2,547 m 53.0% % of value on-market 70.3% 39.7% Total trades 1,125,649 126.6% Daily average trades 59,245 150.5%	Derivatives Jan 2021 Change YoY
	Futures - total lots traded 22,581 6.0% Options - total lots traded 500 -92.8% Total derivatives lots traded 23,081 -18.2% Total derivatives lots traded - YTD 23,081 -18.2% Open interest 58,337 18.4% Notional value traded ($USD) $134 m 3.9% Options to futures ratio 2.2% -93.2%
Total Equity Transactions	Block trade % 0.0% -
Total trades 1,122,935 127.2%
Value traded $3,525 m 10.3% % of value on-market 71.4% 39.1% Average on-market trade size $2,249 -32.6%	Derivatives Total Lots Traded 2019 / 2020 / 2021
Total Debt Transactions
Total trades 2,714 7.4% Value traded $96 m -11.9%
Cumulative Numbers - YTD
Number of trades 1,125,649 126.6% Total value traded $3,621 m 9.6% % of value on-market 70.3% 39.7%

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NZX Indices Performance Jan 2021 Change YoY Clearing House / Depository Jan 2021 Change YoY	NZX Indices Performance Jan 2021 Change YoY Clearing House / Depository Jan 2021 Change YoY	NZX Indices Performance Jan 2021 Change YoY Clearing House / Depository Jan 2021 Change YoY
S&P/NZX 50 Index (Gross) 13,127 12.0% Gross value of cleared trades over month $3,629 m 9.6% S&P/NZX 50 Index (Capital) 5,501 9.6% Collateral held at month end $66 m 14.0% S&P/NZX 50 Portfolio Index 8,157 12.9% Depository transactions 7,336 37.0% S&P/NZX Primary Sector Index 15,063 -8.9% Assets under custody in depository $4,972 m 36.1% S&P/NZX NZ Fixed Interest Composite Index 128 3.2% Value of stock lent over month - -100.0% S&P/NZX A-Grade Bond Index 5,956 4.0% Due to changes in custodian, NZX Clearing ceased offering stock lending to Participants in March 2020. Smartshares is completing its own bilateral lending programme.
Direct Data Products Jan 2021 Change YoY		Dairy Data Subscriptions Jan 2021 Change YoY
Proprietary security subscription products 309 -0.3% - products ≥ $3,000 p.a. 110 0.9% - products < $3,000 p.a.* 199 -1.0%		Dairy data subscriptions 472 -5.4% - products ≥ $1,500 p.a. 104 -10.3% - products < $1,500 p.a. * 368 -3.9%

Direct Data Products	**Jan 2021 **	Change YoY
Proprietary security subscription products*	309	-0.3%
- products ≥ $3,000 p.a.*	110	0.9%
- products < $3,000 p.a.*	199	-1.0%

Dairy Data Subscriptions	**Jan 2021 **	Change YoY
Dairy data subscriptions*	472	-5.4%
- products ≥ $1,500 p.a. *	104	-10.3%
- products < $1,500 p.a. *	368	-3.9%

Wholesale Data	**Jan 2021 **	Change YoY	Energy Contracts	Jan 2021 Change YoY	Jan 2021 Change YoY
Terminal numbers - professional	6,208	4.1%	Operating / Technology contracts	17	0.0%
Terminal numbers - retail	2,269	63.7%	- contracts ≥ $500k p.a.	4	0.0%
Licences - value ≥ $20k p.a.	55	27.9%	- contracts < $500k p.a.	13	0.0%
Licences - value < $20k p.a.	76	-3.8%
Smartshares

	**Jan 2021 **	Change YoY
Total external funds under management	$5,307 m	30.3%
Scheme FUM	**Jan 2021 **	Change YoY
SuperLife Kiwisaver	$1,209 m	16.6%
SuperLife Workplace Savings	$1,359 m	3.7%
Smartshares Exchange Traded Funds - External	$2,084 m	49.4%
Smartshares Exchange Traded Funds - Total (external and internal)	$4,637 m	27.1%
* Metrics reported by NZX for Smartshares and Superlife have changed as Smartshares has started to support institutional investors with both managed funds and
separately managed portfolios.
Other Metrics	**Jan 2021 **	Change YoY
Units on issue	1,590 m	23.6%
Value of stock lent over month*	$239 m	-
* Due to changes in custodian, Smartshares ceased offering securities through the NZX Clearing centralised clearing book in March 2020 and is now lending
exclusively through its own stock lending programme.
Wealth Technologies
Funds under administration	$7,232 m	207.7%
Notes

1. All figures are measured at the end of the last trading day of each month unless otherwise stated. Change refers to the change since the same period last year unless otherwise stated.

2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX). With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.

3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.

4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.

5. "Other" securities include options, warrants and options quoted on the NZX Main Board (NZSX).

6. Please note these operational statistics are based on NZX’s internal records, which are unaudited. Differences may arise between this data and that disclosed in subsequent audited financial statements. Differences may also arise between this data and the previously reported data due to rounding and classification restatements.

To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: data@nzx.com