NZX Limited — Interim / Quarterly Report 2021

Mar 2, 2021

NZX Limited - Monthly Shareholder Metrics

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February 2021

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

Core Markets

NZX Listed Issuers Feb 2021 Change YoY	Capital Raising Feb 2021 YTD Change YoY	Capital Raising Feb 2021 YTD Change YoY
Total equity securities 133 1.5% Total fund securities 48 6.7%	Total capital raisings $901 m $1,161 m 0.6%
Total retail debt securities 143 3.6% Total wholesale debt securities 8 60.0% Total other securities 4 - Total listed securities 336 4.0% Total NZX Main Board equity issuers 131 1.6% Total NZX Main Board fund issuers 48 6.7% Total NZX Debt Market retail debt issuers 52 2.0% Total NZX Debt Market wholesale debt issuers 2 - Total other issuers 4 33.3% Total unique issuers 207 3.5%	New Capital Listed
	Total capital listed by all issuers $205 m $205 m -59.0% Equity listings $80 m $80 m - Fund listings - - - Retail debt listings $125 m $125 m -75.0% Wholesale debt listings - - -
	Secondary Capital Raisings
	Total capital raised by all issuers $695 m $955 m 46.3% Total equity raised - NZ issuers $328 m $332 m 833.7% Total equity raised - dual or foreign issuer - $1 m -
Market Capitalisation Feb 2021 Change YoY % of GDP	Total funds raised - NZ issuers $92 m $308 m 62.6%
Total market capitalisation $221,356 m 13.1% 72.9% All equity $173,445 m 12.3% 57.1% All funds $6,371 m 27.4% 2.1% All other $34 m 436.5% 0.0% Total NZX Main Board $179,850 m 12.8% 59.2% Retail debt $34,546 m 5.3% 11.4% Green bonds $2,400 m 166.7% 0.8% Wholesale debt $4,560 m 84.7% 1.5% Total NZX Debt Market $41,506 m 14.7% 13.7%	Total funds raised - dual or foreign issuer $60 m $99 m -53.8% Total retail debt raised $215 m $215 m 0.2% Total wholesale debt raised - - - Total number of secondary capital raising events 281 612 28.3% Equity issuers - capital raised < $10m 23 45 28.6% Equity issuers - capital raised ≥ $10m < $100m - - -100.0% Equity issuers - capital raised ≥ $100m 1 1 - Fund issuers - capital raised 253 562 28.9% Retail debt issuers - capital raised 4 4 -20.0% Wholesale debt issuers - capital raised - - -
Cash Market Feb 2021 Change YoY
Total value traded $3,781 m 4.9% Daily average value traded $199 m 4.9% On-market value traded $2,386 m 15.5% % of value on-market 63.1% 10.1% Total trades 1,215,196 112.9% Daily average trades 63,958 112.9%	Derivatives Feb 2021 Change YoY
	Futures - total lots traded 21,623 -16.8% Options - total lots traded 3,450 -67.4% Total derivatives lots traded 25,073 -31.4% Total derivatives lots traded - YTD 48,154 -25.7% Open interest 54,690 -8.0% Notional value traded ($USD) $155 m 22.6% Options to futures ratio 16.0% -60.8%
Total Equity Transactions	Block trade % 3.2% -
Total trades 1,211,898 113.5%
Value traded $3,620 m 3.3% % of value on-market 64.7% 11.5% Average on-market trade size $1,939 -46.2%	Derivatives Total Lots Traded 2019 / 2020 / 2021
Total Debt Transactions
Total trades 3,298 6.2% Value traded $161 m 60.9%
Cumulative Numbers - YTD
Number of trades 2,340,845 119.3% Total value traded $7,402 m 7.1% % of value on-market 66.6% 23.4%

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NZX Indices Performance	**Feb 2021 **	Change YoY	Clearing House / Depository	**Feb 2021 **	Change YoY
S&P/NZX 50 Index (Gross)	12,227	8.6%	Gross value of cleared trades over month	$3,762 m	4.0%
S&P/NZX 50 Index (Capital)	5,119	6.2%	Collateral held at month end	$58 m	40.2%
S&P/NZX 50 Portfolio Index	7,739	13.6%	Depository transactions	7,341	31.6%
S&P/NZX Primary Sector Index	14,449	-3.7%	Assets under custody in depository	$4,885 m	38.8%
S&P/NZX NZ Fixed Interest Composite Index	124	-0.8%	Value of stock lent over month*	-	-100.0%
S&P/NZX A-Grade Bond Index	5,834	0.9%	* 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	**Feb 2021 **	Change YoY	Dairy Data Subscriptions	**Feb 2021 **	Change YoY
Proprietary security subscription products*	309	-0.3%	Dairy data subscriptions*	467	-6.4%
- products ≥ $3,000 p.a.*	109	0.0%	- products ≥ $1,500 p.a. *	104	-10.3%
- products < $3,000 p.a.*	200	-0.5%	- products < $1,500 p.a. *	363	-5.2%

Wholesale Data	**Feb 2021 **	Change YoY	Energy Contracts	Feb 2021 Change YoY	Feb 2021 Change YoY
Terminal numbers - professional	6,225	1.7%	Operating / Technology contracts	17	0.0%
Terminal numbers - retail	2,160	52.9%	- 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

	**Feb 2021 **	Change YoY
Total external funds under management	$5,240 m	31.3%
Scheme FUM	**Feb 2021 **	Change YoY
SuperLife Kiwisaver	$1,200 m	17.0%
SuperLife Workplace Savings	$1,342 m	6.7%
Smartshares Exchange Traded Funds - External	$2,054 m	51.7%
Smartshares Exchange Traded Funds - Total (external and internal)	$4,562 m	29.9%
Other Metrics	**Feb 2021 **	Change YoY
Units on issue	1,616 m	24.1%
Value of stock lent over month*	$219 m	1300.3%
* Due to changes in custodian, Smartshares ceased offering securities through the NZX Clearing centralised clearing book in late February 2020 and is now lending
exclusively through its own stock lending programme.
Wealth Technologies
Funds under administration	$7,177 m	210.1%
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