NZX Short Sale Report - July 2010

Short Sales by Value of Shares Short Sales During Short Sales During Change Value Traded Short Sale as % of Market Cap Company name Ticker Current Month Previous Month in Current Month Monthly Value Traded Ten Most Actively Shorted Stocks FBU $422,931 $1,292,606 -67% $256,484,546 0.16% $4,612,797,147 Pike River Coal PRC $176,252 $37,246 373% $4,401,063 4.00% $400,921,356 OceanaGold Corporation OGC $151,748 $128,229 18% $7,571,954 2.00% $809,425,063 Air AIR $149,979 $303,820 -51% $16,265,958 0.92% 1,195,189,505 Banking Corporation WBC $138,210 $956,720 -86% $109,899,563 0.13% $838,151,063 Telecom TEL $127,915 $780,891 -84% $220,821,159 0.06% $3,822,182,714 Goodman Fielder GFF $95,802 $13,091 632% $3,512,396 2.73% 2,277,637,623 Guinness Peat Group GPG $78,220 $315,814 -75% $29,334,708 0.27% $1,200,250,804 City Entertainment Group SKC $75,890 $4,462,404 -98% $47,013,514 0.16% $1,742,597,502 Auckland Unternational Airport AIA $73,724 $26,371 180% $41,463,874 0.18% 2,594,577,805

NZX 10 $849,132 $9,249,180 -91% $755,631,045 0.11% $22,582,259,570

NZSX $2,095,675 $12,298,772 -83% $1,455,208,831 0.14% $50,776,639,000

Short Sales by Volume in Shares Short Sales During Short Sales During Change Shares Traded Short Sales as % of Issued Shares Company name Ticker Current Month Previous Month in Current Month Monthly Volume Traded Ten Most Actively Shorted Stocks Pike River Coal PRC 187,681 40,639 362% 4721768 3.97% 404,971,067 AIR 142,032 265,250 -46% 15,594,565 0.91% 1,076,747,302 Guinness Peat Group GPG 117,000 488,490 -76% 44,214,866 0.26% 1,338,704,114 Telecom TEL 66,262 412,402 -84% 115,360,683 0.06% 1,920,694,831 Goodman Fielder GFF 58,634 7,839 648% 2,151,025 2.73% 386,041,722 Fletcher Building FBU 55,136 159,865 -66% 33,454,729 0.16% 606,946,993 New Zealand Oil and Gas NZO 44,356 63,315 -30% 6,322,809 0.70% 389,092,572 Auckland Unternational Airport AIA 38,237 14,102 171% 21,430,781 0.18% 1,310,392,831 Sky City Enyertainment Group SKC 25,486 1,541,019 -98% 15,911,688 0.16% 575,114,687 Fisher & Paykel Appliances FPA 20,000 - - 22,031,403 0.09% 724,235,162

NZX 10 224,402 4,041,129 -94% 268,686,620 0.08% 7,999,091,538

NZSX 1,301,209 6,474,571 -80% 602,378,368 0.22% n/a

Short Sales Monthly NZSX NZX 10 14

12

10

8

6

4

2 Value Sold Short ($ mm) ($ Short Sold Value 0 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10

(Short Sales During Current Month) The current months total of trades flagged short in a particular security by clients of market participants. (Short Sales During Previous Month) The previous months total of trades flagged short in a particular security by clients of market participants. (Change) The change in short interest from one month to the next. (Value Traded in Current Month) The share value traded in each security for a given month. (Shares Traded in Current Month) The share volume traded in each security for a given month. (Short Sale as % of Monthly Value Traded) The value of shares sold short in the current month divided by the value of shares traded. (Short Sale as % of Average Daily Volume) The amount of shares sold short in the current month divided by the volume of shares traded. (Market Cap) Market Capitalization on NZSX. (Shares Issued) Number of issued shares on NZSX at the end of the month.