NZX Annual 2016 Operational & Regulation Metrics

Markets
NZX Listed Issuers31.12.16Change YoY Cash Market TradingFY 2016Change YoY
Total Equity Securities 170-1.7%Total Trades1,754,62919.8%
Total Listed Debt Securities10720.2%Daily Average Trades6,99119.8%
Total Other Securities270.0%Total Trades < $50k1,634,56620.3%
Total Listed Securities3045.2%Total Value Traded$44.0 b5.5%
Daily Average Value Traded$175 m5.5%
Total NZX Main Board Issuers167-0.6%
Total NZAX Issuers18-14.3%
Total NXT Issuers4100.0%
Total Equity Transactions
Total NZDX Issuers437.5%Total Trades1,715,11519.5%
Value Traded $42.1 b4.0%
Capital RaisingFY 2016Change YoY
New Capital Listed
IPOs and Compliance Listings
$2.12 b24.5%
Total Debt Transactions
New Debt Listings
$6.43 b-20.8%Total Trades39,51433.1%
Value Traded$1,906 m57.4%
Secondary Capital Raisings
Total Capital Raised By All Issuers$4,636 m-64.2%
Clearing House / DepositoryFY 2016Change YoY
Total Equity Raised - Primary Issuers$1,516 m20.3%Gross Value of Cleared Trades Over Period$44.2 b4.6%
Total Equity Raised - Dual & Secondary Issuers$1,721 m-84.5%Collateral Held At Period End$35.6 m13.8%
Total Debt Raised$1,399 m246.2%Depository Transactions Over Period26,45914.5%
Assets Under Custody In Depository At Period End$373 m12.2%
Number of Capital Raising Events2437.5%Value of Stock Lent Over Period$2,411 m-12.9%
Capital Raised < $0.5m78-1.3%
Capital Raised > $0.5m < $10m98-3.9%
Capital Raised > $10m < $100m5996.7%
Wholesale Data31.12.16Change YoY
Capital Raised > $100m8-46.7%Terminal Numbers - Professional*6,360-0.1%
Terminal Numbers - Retail*1,2195.0%
Market Capitalisation31.12.16Change YoY % of GDP
Licences - Value > $20k pa28-3.4%
All Equity$115.5 b4.9%45.1%Licences - Value < $20k pa648.5%
All Debt$25.7 b29.7%10.0%
NZX Indices Performance31.12.16Change YoY Direct Data Products31.12.16Change YoY
S&P/NZX 50 Index6,8818.8%Proprietary Security Subscription Products3953.7%
S&P/NZX 50 Portfolio Index4,2257.7%- Products ≥ $3,000 p.a15117.1%
S&P/NZX A-Grade Bond Index4,8583.7%- Products < $3,000 p.a.244-3.2%
S&P/NZX All Swap Index1923.4%
* 3 month average
NZX Limited - Full Year Shareholder Metrics
FY 2016
These Shareholder Metrics represent the key features of NZX's operations in each of its core businesses. The Metrics focus on what drives the revenue
performance of NZX, so as to give a consistent and transparent comparison across time periods for each business line.

DerivativesFY 2016Change YoY Derivatives Total Lots Traded 2014 / 2015 / 2016
Futures - Total Lots Traded180,15911.6%
Options - Total Lots Traded18,156-65.3%
Open Interest at Period End50,06517.5%
Energy Contracts31.12.16
Operating / Technology Contracts16
- Contracts > = $500k p.a.4
- Contracts < $500k p.a.12
Funds Services
SuperLife31.12.16Change YoY
Funds Under Management - KiwiSaver$599 m21.1%
Funds Under Management - Other$1,061 m13.0%
Total$1,660 m15.8%
Smartshares31.12.16Change YoY
Funds Under Management - External$487 m10.7%
Funds Under Management - SuperLife funds$1,218 m16.0%
Total$1,705 m14.4%
Units on Issue775 m15.2%
NZX Wealth Technologies31.12.16Change YoY
Funds Under Administration$1,292 m-1.9%
Agri
Grain TradingFY 2016Change YoY Grain Trading: Tonnes Traded Monthly (14/15 v 15/16 v 16/17 Season)
Tonnes Traded542,52619.9%
Direct Data Products31.12.16Change YoY
Dairy Information Subscriptions4,621-50.8%
Grain Information Subscriptions1,820-1.2%
General Agri Subscriptions7,665-36.4%
Total Paid Advertising Page Equivalents FY 20161,679-20.8%
Notes
*The reduction in dairy subscriptions, general agri subscriptions and advertising page equivalents results from the sale
of the Group's magazine publications on 1 November 2016
1. All figures are measured at the end of the last trading day of the month unless otherwise stated. Change refers to the change since the same period last year unless otherwise
stated i.e. Change YoY is change versus the same period last year.
2. All Equity Market Capitalisation includes all securities quoted on the NZX Main Board, NZX Alternative Market and NXT Market.
3. Market Capitalisation for the NZX Debt market is the total nominal (face) value of all quoted securities excluding New Zealand Government Stock.
4. The Grain Trading season in Australia runs from October to September.
5. NZX Limited wishes to remind readers that the above operational statistics are based on the Group's internal records, which are unaudited. Differences may arise between this
data and that disclosed in subsequent audited financial statements.
To enquire about NZX products or services, please contact: NZX Client and Data Services on +64-4-496 2853
or email: info@nzx.com
To enquire about information listed on this sheet, please email info@nzx.com
*Clear Grain Exchange was sold effective 1 December 2016
Renamed from Apteryx
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NZX Limited – Quarterly Regulation Metrics
Q4 2016
These Regulation Metrics represent the key features of NZX’s activities in regulating its Markets. The metrics focus
on key activities so as to provide transparency and a means of comparison across periods
.

ISSUERS – KEY METRICS


Q4 2015 Q4 2016
Total announcements released 4722 4767
Trading halts at request of Issuer or NZXR¹ 10 8
Documents approved and waivers² granted to Issuers 65 41
Complaints received concerning Issuers 3 5
Price enquiries concerning Issuers 5 2
Investigations³ begun in relation to Issuers 37 30
Investigations ongoing at the end of the quarter/period in relation to Issuers 5 7

PARTICIPANTS – KEY METRICS

Waivers², Exemptions and Rulings granted to Participants 9 4
Inspections commenced
7 5
Complaints received concerning Participants 1 0
Investigations³ begun in relation to Participants 16 8
Investigations ongoing at the end of the quarter/period in relation to Participants 2 0

NZX RULES AND POLICY

No updates to NZX Rules or Policy have been made this quarter.

NOTES
The metrics are derived from NZX’s internal records.
1. Trading halts imposed routinely, for example on release of price-sensitive information or in the context of
corporate actions are excluded.
2. Details of waivers granted by NZX are released to the Market, and available on https://nzx.com/ and through i-
Search except where the decisions are confidential.
3. NZX will commence an investigation when it identifies a possible breach of rules.
To enquire about any information on this sheet, please email regulation@nzx.com