Nigel Babbage appointed to NZX Board

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19 December 2017

Nigel Babbage appointed to NZX Board

The NZX Board today announces the appointment of Nigel Babbage as a director.

Nigel has more than 30 years’ experience working in financial and capital markets. This
includes 18 years abroad where he held executive roles with British Petroleum (now BP) and
Citibank, managing the New York currency derivatives desk. In addition to this, Nigel worked for
BNP Paribas, where he took on the joint role of Global Head of Currency Derivatives Trading
and Head of North American Foreign Exchange.

Nigel was elected to the Foreign Exchange Committee of the Federal Reserve Bank of New
York in 2004. He stood down from the Board in 2006 to return home to New Zealand with his
family.

Nigel is currently the Chief Executive Officer of Mohua Investments Limited, a privately owned
investment vehicle based in Christchurch. He was appointed as independent non-director
member of the NZX Clearing Committee when it was established in August 2017, reflecting his
significant global capital markets and clearing experience.

NZX Chairman James Miller commented: “Nigel has had a distinguished career working in
financial and capital markets in New York, London and Australia. I have been impressed by
Nigel’s contribution to NZX’s Clearing Committee and am pleased the broader Board will now
benefit from his strong global industry experience. Nigel is a passionate New Zealander who is
committed to developing our local equity market.”

“As a Board we are focused on maintaining a balanced set of governance skills and experience
aligned to our strategic priorities, and Nigel’s extensive clearing and global derivatives
experience will also support NZX’s commitment to accelerate the growth of our world-leading
dairy derivatives market as outlined in the exchange’s recently released strategy.”

Nigel’s appointment is effective immediately. He will remain a member of the Clearing
Committee and the Board will consider additional committee appoints in due course.

In accordance with NZX Main Board Listing Rule 3.3.6, Nigel will retire and offer himself for
election by NZX shareholders at the 2018 Annual Meeting. As part of the Board’s 2018
customer engagement programme it intends to hold the Annual Meeting in Christchurch, where
Nigel is based. This will follow a Board meeting and a series of customer and stakeholder visits
in the region, which provide an opportunity for the Board to engage with the region’s business
community.

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

For further information please contact:
Hannah Lynch
Head of Communications

T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com