Ann: GENERAL: NZX: NZX Full Year 2013 Shareholder

• Release Date: 29/01/14 17:56
• Summary: GENERAL: NZX: NZX Full Year 2013 Shareholder Metrics materials
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					NZX
29/01/2014 15:56
GENERAL

REL: 1556 HRS NZX Limited

GENERAL: NZX: NZX Full Year 2013 Shareholder Metrics materials

NZX Annual 2013 Metrics reflect very strong capital markets performance

NZX's full year 2013 Shareholder Metrics reflect an inflection point for the
growth of New Zealand's capital markets in all areas, including capital
raisings, listings and trading activity.

The NZX 50 Index was up 16.5% for the year to 4,737. Initial Public Offering
activity was at a nine year high resulting in new capital listed of $7.5
billion. The 10 new listings comprised a broad range of company sizes and
industry sectors and included Airwork Group, GeoOp, Meridian Energy, Mighty
River Power, SLI Systems, Synlait Milk, Snakk Media, Wynyard Group, Z Energy
and the reverse listing of Mad Butcher via Veritas.

Cash market trading activity also grew strongly during the year. Total value
traded was up 39.6% to $42.3 billion while trading volume was up 32.0% to
1,191,002. Small trades, less than $50k in value, were up 31.4% reflecting a
resurgence of interest in capital markets by retail investors.

Positive performance during the year in NZX's Dairy Derivatives business was
demonstrated by the 52.0% increase in the number of lots traded to 36,748,
and open interest at 31 December 2013 up 316.4% to 9,070. Tonnes traded on
Clear Grain Exchange were down 24.5% to 616,828 due to a significant amount
of grain being sold earlier in the 2012/13 season.

The buoyant capital markets activity drove solid growth in NZX's Clearing
House and Depository business with gross value of cleared trades over the
period up 40.0% to $42.4 billion. Stock lending activity also grew strongly,
up 28.3% to $2.8 billion.

The year was tougher in New Zealand's agricultural sector due to severe
drought conditions across the country in Q1 2013, the impact of which was
felt well into Q2. This resulted in total paid advertising page equivalents
declining 5.9% and dairy information subscriptions being down 2.0% during the
year.

While the securities information business has seen primary data distributors
decline by 7.7%, real time data terminals have increased by 6.0% to 7,291
further demonstrating the renewed interest in New Zealand's capital markets.

NZX CEO Tim Bennett commented: "2013 was significant in the history of New
Zealand's capital markets in particular because of the resurgence of interest
from retail investors. NZX continued to invest in building a strong
foundation from which to grow the business and the capital markets in the
long term."

"Looking ahead, there are a number of opportunities that we see in the market
which we are working hard across the organisation to capture in 2014."

NZX Regulation Metrics

NZX Regulation (NZXR) supervises market participants and issuers, and assists
the Financial Markets Authority as required under the Securities Markets Act
1988.

NZXR conducted 140 investigations and enquiries into possible breaches of NZX
rules in 2013 (125 in relation to issuer compliance and 15 in relation to
participant compliance) and reviewed 44 complaints from third parties in
relation to issuer and participant compliance

NZXR referred nine matters to the NZ Markets Disciplinary Tribunal in 2013,
compared to five referred in 2012.

In addition, two significant pieces of work were completed in 2013 that are
relevant to the regulatory function.

In August 2013, following a targeted review of practice in exchanges
internationally relating to conflict management, the NZX Board established a
Regulatory Governance Committee to assist the Board in fulfilling its
governance responsibilities relating to NZX's regulatory function. A copy of
the Terms of Reference of the Committee can be found at:
http://www.nzxgroup.com/corporate-governance

And in November 2013, NZXR's Enforcement Policy was published which informs
the market of its approach in relation to its enforcement work. The policy
can be downloaded from NZX's website at: https://www.nzx.com/regulators/NZXR

For more information please contact:

Investors
Bevan Miller
Chief Financial Officer
P: 04 498 2771
E: [email protected]

Media
Kate McLaughlin
Corporate Communications
M: 027 533 4529
E: [email protected]
End CA:00246472 For:NZX    Type:GENERAL    Time:2014-01-29 15:56:29