NZX announces changes to Board of Directors

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

9 March 2017

NZX announces changes to Board of Directors

NZX today announces the appointment of Richard Bodman to its Board and the resignation of
Alison Gerry as a director.

Richard joins the NZX Board after more than 25 years’ experience working in the financial
services sector, including as a senior executive and director. He brings extensive industry
knowledge from the 17 years he served at FNZC (previously First NZ Capital) where he held
several executive roles, including four years as Managing Director, Head of Compliance.
Richard is currently as an independent director of Forsyth Barr Custodians Limited and Forsyth
Barr Cash Management Nominees Limited.

Having reviewed the mix of skills and experience required by NZX’s position at the centre of the
capital markets network, the Board determined that it would benefit from a director with deep
experience in capital markets, funds management and clearing. The Board is very pleased to
have identified a candidate of Richard’s calibre that ticks each of these boxes.

NZX’s securities clearing activities are a vital component of the New Zealand financial system.
Maintaining sufficient governance experience to manage NZX's wholly owned subsidiary, New
Zealand Clearing and Depository Corporation (NZCDC), is a key requirement, reflecting the
expectations of the Financial Markets Authority and Reserve Bank of New Zealand as joint
regulators of the NZCDC settlement system, and a skill set that was previously provided by
Alison. Richard’s appointment will ensure continuity in this role.

NZX Chairman James Miller commented: “The Board are focused on ensuring we have a well-
balanced set of governance skills and experience that is aligned to NZX’s strategic priorities,
and Richard’s appointment reflects this.”

“NZX plays a critical role in supporting the development of New Zealand’s capital markets and I
am confident that Richard will make a valuable contribution to our business and the markets
network. We look forward to welcoming him to the Board and the NZX team.”

Richard’s appointment is effective, Tuesday 11 April 2017. In accordance with the NZX Main
Board Listing Rule 3.3.6, Richard will retire and offer himself for election by NZX shareholders
at the 2017 annual meeting.

As required by NZX Main Board Listing Rule 3.3.3(b), the Board has determined that Richard is
an independent director.

At the same time, the Board is announced the resignation of Alison Gerry as a director, effective
Thursday 13 April 2017.

Alison has served as a director of NZX since February 2012, and has contributed enormously in
the areas of clearing and risk management during this time. Alison was Chair of NZCDC and a
member of the Regulatory Governance and Human Resource Committees.

NZX Chairman James Miller commented: “I have been impressed by the strength of Alison’s
contribution to the Board serving NZX through an exciting, but challenging period, and want to
extend a personal thanks for her wise counsel and dedicated service.”

“Alison is an exceptional talent, with her skills now recognised by New Zealand’s highest quality
companies. Alison leaves a passionate member of NZX’s allumni network and we wish her all
the best with her new director responsibilities.”

Alison’s decision to step down from the Board reflects the responsibilities she has taken on with
NZX listed issuers Spark New Zealand and Wellington International Airport.

Richard Bodman bio:
Richard has spent more than 25 years working in the financial services sector, including as a
senior executive and director. He brings extensive industry knowledge from the 17 years he
served at FNZC (previously First NZ Capital) where he held several executive roles, including
four years as Managing Director, Head of Compliance.

In addition to this, Richard implemented the compliance framework for Harbour Asset
Management when it was set up by FNZC in 2010, and served as a director of that business for
five years.

Prior to this Richard spent seven years as an inspector for the Securities & Futures Authority in
London.

Richard is an independent director of Forsyth Barr Custodians Limited and Forsyth Barr Cash
Management Nominees Limited, and a member of the Governance Risk Compliance Institute
and the Institute of Directors. He is a trustee of the Scots College Foundation.

Richard has been a director of FNZC Securities (and other FNZC group companies) and an
NZX registered Compliance Manager. Richard is currently a member of the NZ Markets
Disciplinary Tribunal and will step down from this role before his NZX directorship takes effect
on Tuesday 11 April 2017.

For further information please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com

About NZX Limited
NZX builds and operates capital, risk and commodity markets and the infrastructure required to
support them. We provide high quality information, data and tools to support business decision
making. We aim to make a meaningful difference to wealth creation for our shareholders and
the individuals, businesses and economies in the countries in which we operate. To learn more
about NZX please visit: www.nzxgroup.com