TO Listed Company Relations VI A NZ M A P NZSX Market

CC Company Announcements Office VIA ASX ONLINE Australian Stock Exchange

FROM Sonya Joyce DATE 22 November 2011 Manager Investor Relations

NUMBER OF PAGES 2 SUBJECT Media Release: 700,000 Kiwis to get Air ’s new OneSmart card

Air New Zealand is launching a new Airpoints membership card loaded with smart new features intended to transform its popular loyalty card into the ultimate travel companion.

On one side it’s an Air New Zealand Airpoints card, enhanced with ePass technology which will enable every Airpoints member to fly through domestic check-in. The other side is an optional Prepaid Debit MasterCard® and travel wallet in one.

Once activated, OneSmart can be loaded with funds and used for everyday purchases and to shop online. Built in PayPass™ contactless technology means small value purchases are as simple as a tap of the card.

OneSmart is also the only New Zealand prepaid debit card that rewards you with loyalty points. Eligible purchases earn Airpoints Dollars~, and funds stored in your OneSmart account can be used to purchase more Airpoints Dollars to top up an Air New Zealand Airpoints account.

OneSmart also makes it easy to take money overseas. Great foreign exchange rates can be locked in by loading up to four overseas currencies in advance, from a selection of eight. If cash is needed overseas, the Airpoints card can also be used at an international ATM to withdraw funds and OneSmart won’t charge any international ATM withdrawal fees.^

Key features:

. Use New Zealand dollars loaded onto OneSmart to top up your Airpoints account . Lock in great rates before heading overseas+ . Store up to four foreign currencies (choose from eight) . OneSmart doesn’t charge commission to load foreign currency+ . OneSmart doesn’t charge for international ATM withdrawals ^ . Eligible purchases earn Airpoints Dollars~ . Built in ePass to fly through domestic check-in . Built in PayPass to fly through the checkout for purchases under NZ$80.00 . Transfer money to another OneSmart account using your mobile phone

“OneSmart is more functionally capable than any other New Zealand banking or loyalty card. It’s so loaded with features we believe it’s destined to become every Kiwi’s everyday essential card – at home and overseas,” says Air New Zealand Head of Loyalty Simon Pomeroy.

“OneSmart will be New Zealand’s most widely distributed prepaid debit card with more than 700,000 New Zealanders set to receive it over the next few weeks.”

MasterCard’s New Zealand Country Manager, Albert Naffah, says MasterCard and Air New Zealand have collaborated to develop this smart card tailor made for New Zealanders.

“OneSmart is an ideal card for all Kiwis and not just travellers. This card now brings together your everyday prepaid debit card, travel card, Air New Zealand Airpoints membership and ePass tag in one convenient package.”

An Airpoints Card with a OneSmart Account can be used at 32.9 million locations, including more than1.9 million ATMs worldwide, wherever MasterCard is accepted.

For full terms and conditions and to see Kiwi world traveller demonstrate OneSmart’s key features click here.

Issued by: Marie Hosking Air New Zealand Public Affairs [email protected] +64 21 747 320

Anna Davidson Acumen Republic for MasterCard [email protected] (09)354 0574

MasterCard and the MasterCard mark are registered trademarks of MasterCard International Incorporated. Tap & Go and PayPass are registered trademarks of MasterCard International Incorporated. Air New Zealand Airpoints Programme Terms and Conditions apply see airpoints.co.nz . Eligibility criteria apply. (BNZ) is the issuer of the OneSmart Account. BNZ’s account opening criteria and account fees apply. OneSmart Account Terms and Conditions apply see airnz.co.nz/onesmart BNZ’s current Disclosure Statement and Qualifying Financial Entity Disclosure Statement may be obtained from any BNZ store or viewed at bnz.co.nz ~ Eligible purchases exclude: a) purchases of Airpoints Dollars, gambling chips, cash withdrawals from ATMs, Money Orders, travellers cheques and foreign currencies in cash, b) any fees, adjustments and transfers between OneSmart Accounts or c) any transaction that is reversed/refunded or charged-back. ^ Some ATM operators may charge a fee to withdraw cash from their ATMs which you may not be advised of at the point of withdrawing cash. Currency conversion fees may apply. + OneSmart Conversion Rates apply.

Air New Zealand is proud to be a member of . The Star Alliance network was established in 1997 as the first truly global alliance to offer worldwide reach, recognition and seamless service to the international traveller. Its acceptance by the market has been recognised by numerous awards, including the Air Transport World Market Leadership Award, Best by both Business Traveller Magazine and Skytrax. The member are: , , , , Air New Zealand, ANA, , Austrian, , bmi, , , , EGYPTAIR, LOT Polish Airlines, , , , , , SWISS, TAM Airlines, TAP Portugal, , THAI, United and US Airways. -TACA, , and have been announced as future members. Overall, the Star Alliance network offers more than 21,200 daily flights to 1,185 airports in 185 countries.

For more information about Air New Zealand visit www.airnewzealand.com and for more information about Star Alliance visit www.staralliance.com