Ann: ADDRESS: NZR: Presentation to Analysts - 22n

• Release Date: 22/02/12 13:07
• Summary: ADDRESS: NZR: Presentation to Analysts - 22nd February 2012
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NZR
22/02/2012 11:07
ADDRESS

REL: 1107 HRS The New Zealand Refining Company Limited

ADDRESS: NZR: Presentation to Analysts - 22nd February 2012

REFINING NZ - ANALYST PRESENTATION - 22nd FEBRUARY 2012

The attached presentation was made to Analysts on Wednesday 22nd February
2012.

The presentation is in four segments:

1. Performance Highlights
o Results for the period ending 31 December 2011
    including variance analysis

2. Capital Development
o Update on Capital Expenditure - 2012-2016

3. Global Refining Situation
o Update on international markets
o Update on refining margins and product demand
o Refining NZ in the NZ Marketplace

4. Outlook Summary
o Overview and Outlook
o Definitions & Terminology

5. Growth Project
   (refer separate shareholders presentation)
o Key Benefits to Refining NZ
o Financial Assessment & Implications
o Shareholder Approval Process

D.M. Jensen
Company Secretary / Chief Financial Officer
End CA:00219858 For:NZR    Type:ADDRESS    Time:2012-02-22 11:07:09