Cash Margin Circular #28 Effective Date: 25-Jan-2018

NZSX

Current New Code Name Margin Margin Note ABA Abano Healthcare Group Limited Ordinary Shares 6.30% 5.0% Down

AIR Air Limited (NS) Ordinary Shares 6.90% 5.0% Down

ASP Australian Property Fund (NS) Units 15.00% 5.0% Down

BGP Briscoe Group Limited Ordinary Shares 6.60% 5.4% Down

BIL Bethunes Investments Limited Ordinary Shares 41.20% 42.8% Up

BLT BLIS Technologies Limited Ordinary Shares 23.50% 28.3% Up

CDL Investments New Zealand Limited Ordinary 16.60% 14.1% Down CDI Shares

MET Limited Ordinary shares 7.10% 5.3% Down

MGL Mercer Group Limited Ordinary Shares 47.10% 50.0% Up

The New Zealand Refining Company Limited Ordinary 7.80% 5.0% Down NZR Shares

PEB Pacific Edge Limited Ordinary Shares 17.70% 19.2% Up

PGC Pyne Gould Corporation Limited 17.20% 18.4% Up

RAK Limited Ordinary Shares 16.00% 17.5% Up

SCT Scott Technology Limited Ordinary Shares 10.40% 7.5% Down

SEA SeaDragon Limited Ordinary Shares 23.20% 18.9% Down

SKO Serko Limited Ordinary Shares 16.20% 18.8% Up

SPY Smartpay Holdings Limited Ordinary Shares 23.40% 21.6% Down

VIL Veritas Investments Limited - Ordinary Shares 35.00% 40.4% Up

Wellington Drive Technologies Limited Ordinary 22.50% 28.3% Up WDT Shares

NTLOB NTL 30/09/22 $0.055 Options 50.00% 100.0% Up

BGI Blackwell Global Holdings Limited Ordinary Shares 29.80% 35.2% Up

NZC CASH MARGIN RATES 1 of 2

NZAX

Current New Code Name Margin Margin Note CRP Chatham Rock Phosphate Limited Ordinary Shares 50.00% 44.2% Down

GEO GeoOP Limited Ordinary Shares 50.00% 32.6% Down

TRU TruScreen Limited Ordinary Shares 36.40% 33.8% Down

AXG17 Chatham Rock Phosphate Ltd Ordinary Shares 50.00% 37.4% Down

BFW Burger Fuel Worldwide Limited Ordinary Shares 40.90% 36.0% Down

CGL Chow Group Limited Ordinary Shares 50.00% 44.6% Down

NZDX

Current New Code Name Margin Margin Note GNE040 GNE 09/06/2047 5.70% Genesis Energy Ltd Bonds 8.20% 5.0% Down

HBL010 HBL 21/09/2022 4.50% Ltd Notes 5.00% 8.0% Up

NZC CASH MARGIN RATES 2 of 2