NZX Limited (NZX) – Long Term Incentive Plan

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

www.nzx.com

25 October 2018

Notice of issue of performance rights which give the holder options to
acquire ordinary shares in NZX Limited

This notice is given under NZX Main Board Listing Rule 7.12.1 and relates to the issue of
performance rights to members of NZX Limited’s executive and management teams pursuant to
NZX Limited’s Long Term Incentive Plan.

(a) Class of securities and ISIN: Performance rights which give the holder options to acquire
ordinary shares (ISIN of ordinary shares – NZNZXE0001S7)

(b) Number of securities issued: 838,572 performance rights

(c) Issue price: No consideration is payable for the issue of the performance rights

(d) Payment: N/A

(e) Amount paid up: N/A

(f) Principal terms of the securities: Issue of performance rights pursuant to NZX Limited’s
Long Term Incentive Plan. The performance rights give the holder options to acquire
ordinary shares, which may be exercised if the performance rights vest. An executive
team member’s performance rights will vest if NZX Limited meets performance hurdles in
respect of its total return to shareholders and the growth in its earnings per share, and on
the executive team member remaining an employee of the NZX Group for the duration of
the three year vesting period. A management team member’s performance rights will vest
on the management team member remaining an employee of the NZX Group for the
duration of the three year vesting period.

(g) Percentage of total class of securities issued: If all performance rights vest and the
options are exercised, 0.3086% of the ordinary shares in NZX Limited (based on the
number of ordinary shares currently on issue)

(h) Reason for issue: Issue of performance rights pursuant to NZX Limited’s Long Term
Incentive Plan

(i) Specific authority for the issue: Resolution of directors dated 14 August 2018

(j) Terms or details of the issue: See ‘(f) Principal terms of the securities’ above

(k) Total number of securities of the class in existence after the issue: 2,016,466 performance
rights (this includes the 1,177,894 performance rights previously issued to NZX’s Chief
Executive Officer – see the notice of issue of performance rights which give the holder
options to acquire ordinary shares in NZX Limited dated 11 May 2018)

(l) Treasury Stock: No

(m) Date of issue: 25 October 2018

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

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

www.nzx.com

25 October 2018

NZX Limited (NZX) – Long Term Incentive Plan

NZX advises that it has issued performance rights to the members of its executive and
management teams pursuant to NZX’s Long Term Incentive Plan. Under the plan, holders may
be issued performance rights. The performance rights give the holder options to acquire
ordinary shares in NZX, which may be exercised if the performance rights vest. The vesting
period for the performance rights is 1 January 2018 to 31 December 2020.

The attached information is supplied pursuant to Listing Rule 7.12.1.

LTIs are aligned to the delivery of NZX’s strategy to ensure the company is committed
to generating long term value for its shareholders. Further information on the LTI plans will be
included in the NZX 2018 Annual Report.

NZX also advises that it has reassessed who are senior managers of NZX for the purposes of
the Financial Markets Conduct Act 2013 (FMCA) and that going forward NZX will treat its Chief
Executive Officer, Chief Financial Officer and General Counsel as senior managers. The
persons holding these positions will disclose relevant interests and dealings in relevant interests
in accordance with section 297 of the FMCA.

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