Ann: GENERAL: NZX: NZX receives confirmation from

• Release Date: 11/04/12 19:24
• Summary: GENERAL: NZX: NZX receives confirmation from IRD for return of capital
• Price Sensitive: No
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NZX
11/04/2012 17:24
GENERAL

REL: 1724 HRS NZX Limited

GENERAL: NZX: NZX receives confirmation from IRD for return of capital

NZX receives confirmation from IRD for return of capital

11 April 2012 - NZX advises that IRD has today provided notice confirming
that it considers that NZX's proposed return of capital to shareholders on a
pro rata basis, and cancellation of one in every ten shares held is not in
lieu of a dividend and therefore non-taxable up to NZX's available subscribed
capital of approximately $22 million.  Amounts distributed in excess of this
will be a taxable distribution and fully imputed.

The return of capital requires approval by a special resolution of
shareholders at the annual meeting of NZX on 30 April 2012.  If the
resolution is passed, NZX will seek a final order from the High Court of New
Zealand sanctioning the return of capital.

Further detail on NZX's return of capital to shareholders is in the
notification released to the market on 22 February 2012.

ENDS
End CA:00221727 For:NZX    Type:GENERAL    Time:2012-04-11 17:24:41