An opportunity to invest in bonds % issued by Z Energy Limited 7. 2 5 pa An emerging Kiwi brand, supported by 100 years of heritage and a track record of market leading performance.

Since and the Guardians of Superan- For a Simplifi ed Disclosure Prospectus, please contact the Joint nuation purchased Shell New Zealand’s downstream fuels Lead Managers: ANZ National Bank Limited on 0800 269 476 business in April 2010, this leading energy company has / www.anz.co.nz/ipo First NZ Capital Securities Limited on continued to deliver strong fi nancial results while devel- 0800 005 678 / [TBC] Forsyth Barr Limited on 0800 367 227 / oping as a distinctly Kiwi-owned company. The launch of [TBC] Institutional Bank on 0800489 222 / [TBC] or Z Energy is the latest development in the building of a contact your bank, broker or fi nancial adviser. world class New Zealand energy company. *The bonds are unconditionally guaranteed by Z Energy Limited, Aotea Ener- Z Energy imports, processes, distributes and sells approx- gy Limited, Greenstone Energy Holdings Limited, Greenstone Energy Finance Limited, Harbour City Property Investments Limited, Big Tree Stations Limited imately 2,500 million litres of crude oil and fuel each year, and Mini Fuels & Oils Limited. New Zealand Superannuation Fund and Infratil about 30% of New Zealand’s total consumption. do not guarantee the bonds. The Z Group’s banks and bondholders share the same security over the issuer’s and guarantors’ assets on an equal ranking basis. • The bonds will be senior secured fi xed rate obliga- This security ranks behind Shell’s security over petroleum products that Shell tions ranking equally with Z Energy’s existing core has supplied for which it has not been paid, and their proceeds, and statutorily bank debt and bondholders* preferred creditors. • Interest rate of 7.25%, paid quarterly with the fi rst payment on 15 August 2011 • Minimum subscription is $5,000, thereafter in multiples of $1,000