NZX Short Sale Report - May 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 $1,695,011 $372,171 355% $373,296,982 0.45% $4,989,104,282 Banking Corporation WBC $754,341 $441,832 71% $117,110,043 0.64% $894,837,355 Auckland International Airport AIA $507,703 $6,175 8122% $58,990,504 0.86% $2,489,746,379 City Entertainment Group SKC $456,010 $524,928 -13% $131,003,542 0.35% $1,696,588,327 CEN $421,916 $73,433 475% $41,008,055 1.03% $3,587,264,408 Kiwi Income Property Trust KIP $272,449 $200,000 36% $26,326,579 1.03% $742,687,442 Fisher & Paykel Healthcare FPH $221,350 $159,448 39% $75,957,951 0.29% $1,634,324,173 Oil & Gas NZO $203,305 $128,841 58% $8,338,094 2.44% $548,542,977 Nuplex Industries NPX $188,190 $271,784 -31% $15,366,457 1.22% $578,621,107 AMP Limited AMP $159,691 $69,073 131% $22,182,963 0.72% $281,636,823

NZX 10 $3,661,110 $1,930,540 90% $1,348,879,376 0.27% $22,629,445,580

NZSX $6,247,840 $5,333,666 17% $2,231,906,034 0.28% $50,838,791,000

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 Heritage Gold NZ HGD 863,049 467,000 85% 4,945,866 17.45% 343,553,188 Kiwi Income Property Trust KIP 274,401 200,000 37% 27,704,830 0.99% 807,268,959 Auckland International Airport AIA 259,380 3,057 8385% 30,961,738 0.84% 1,310,392,831 Fletcher Building FBU 211,090 44,104 379% 46,689,776 0.45% 606,946,993 Sky City Entertainment Group SKC 156,025 163,862 -5% 44,361,669 0.35% 575,114,687 New Zealand Oil and Gas NZO 141,282 82,685 71% 5,705,304 2.48% 389,037,572 Fisher & Paykel Appliances FPA 130,916 10,291 1172% 51,884,859 0.25% 724,235,162 Pike River Coal PRC 97,012 79,280 22% 7,278,006 1.33% 404,781,367 Guinness Peat Group GPG 93,221 137,997 -32% 54,798,416 0.17% 1,817,783,094 Contact Energy CEN 68,912 11,449 502% 6,751,900 1.02% 606,934,976

NZX 10 1,073,255 730,337 47% 472,058,794 0.23% 7,829,390,827

NZSX 3,061,873 2,904,865 5% 1,024,420,850 0.30% n/a

Short Sales Monthly NZSX NZX 10 20 18 16 14 12 10 8 6 4

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