21 February 2011 SmartMIDZ Allotment Notice The manager of the SmartMIDZ advises that as at close of business on 18 February 2011 a total of nil units had been allotted or redeemed since 17 February 2011. The total number of units on issue on that day was 16,604,768. The asset backing for each SmartMIDZ unit at close of business on 18 February 2011 was $2.24769 Smartshares will publish updated basket compositions daily to the market - for today's basket composition please see below. smartMIDZ Basket Composition Composition of a basket of securities and cash equivalent to 200,000 NZX Midcap Index Fund units effective from 21 - February -11 The new basket composition applies to applications and withdrawals. Cash Portion: $9,306.20 Code Security description Shares ABA Abano Healthcare Group Limited Ordinary Shares 185 AIR Air New Zealand Limited (NS) Ordinary Shares 10,990 ANO AMP NZ Office Trust Ordinary Units 32,526 ARG Argosy Property Trust Ordinary Units 16,833 CAV Cavalier Corporation Limited Ordinary Shares 1,992 DNZ DNZ Property Fund Limited Ordinary Shares 10,043 EBO Ebos Group Limited Ordinary Shares 2,110 FPA Fisher & Paykel Appliances Holdings Limited Ordinary Shares 23,598 FRE Freightways Limited Ordinary Shares 6,257 GMT Macquarie Goodman Property Trust Ordinary Units 31,671 HLG Hallenstein Glasson Holdings Limited Ordinary Shares 1,844 KMD Kathmandu Holdings Limited Ordinary Shares 2,223 MFT Mainfreight Limited Ordinary Shares 3,285 MHI Michael Hill International Limited Ordinary Shares 5,604 NPX Nuplex Industries Limited Ordinary Shares 7,945 NZO New Zealand Oil & Gas Limited Ordinary Shares 16,045 NZR The New Zealand Refining Company Limited Ordinary Shares 3,114 NZX NZX Limited Ordinary Shares 4,563 PFI Property For Industry Limited Ordinary Shares 8,829 PGC Pyne Gould Corporation Limited 26,820 PGW PGG Wrightson Limited Ordinary Shares 19,349 POT Port of Tauranga Limited (NS) Ordinary Shares 2,460 PPL Pumpkin Patch Limited Ordinary Shares 6,828 RAK Rakon Limited Ordinary Shares 6,125 RBD Restaurant Brands Ordinary Shares 3,981 SAN Sanford Limited Ordinary Shares 1,997 SKL Skellerup Holdings Limited Ordinary Shares 6,245 STU Steel & Tube Holdings Limited Ordinary Shares 913 TPW TrustPower Limited Ordinary Shares 2,119 TWR Tower Limited Ordinary Shares 7,027 VCT Vector Limited Ordinary Shares 9,969 VHP Vital Healthcare Property Trust Ordianry Units 11,705 WHS The Warehouse Group Limited Ordinary Shares 3,630 For further information please contact: James Fabian Smartshares Limited Ph (04) 495 2806 [email protected].