XERO LIMITED — Earnings Release 2013

May 22, 2013

APPENDIX 4E

23 May 2013

Xero Limited

ARBN 160 661 183 Incorporated in New Zealand

Annual Report

Reporting Period	12 months ended 31 March 2013	12 months ended 31 March 2013
Previous Reporting Period	12 months ended 31 March 2012
Results for announcement to the market
	NZD (000s)	Percentage Change
Operating Revenue from
Ordinary Activities	39,033	up 102%
Profit (Loss) from Ordinary	(14,443)	up 83%
Activities after Tax attributable
To Security Holder
Net Profit (Loss) attributable	(14,443)	up 83%
To Security Holder
Dividends – Ordinary Shares*	Amount per Security	Imputed Amount per Security
	NZD	NZD
Interim Dividend	Not applicable	Not applicable
Payment Date	Not applicable	Not applicable

*No dividends have been declared for the reporting period.

Net tangible assets per share increased to 72 cents per share (2012: 39 cents per share).

Commentary on results

For commentary on the results please refer to the Chairman’s and Chief Executive’s Reports in the 2013 Annual Report. Additional Appendix 4E disclosure requirements can be found in the 2013 Annual Report.

Financial information

This Appendix 4E should be read in conjunction with the audited Consolidated Financial Statements for the year ended 31 March 2013 as contained in the 2013 Annual Report, and the 2013 Annual Report generally.

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