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NZSE All Gross Index Performs Well

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http://www.nzse.co.nz

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nzse@nzse.co.nz

31 January 2002


News Release

NZSE All Gross Index Performs Well
Compared With Other Major World Markets


The New Zealand Stock Exchange (“NZSE”) NZSE All Gross Index, which covers all domestic listed equity securities, rose by 16.71% in 2001 to finish the year at 1886.46. This result ranks the NZSE All Gross Index ninth in terms of performance, compared to the indices of 53 other stock exchanges monitored by the World Federation of Stock Exchanges. The NZSE All Gross Index out performed all major world indices (Nikkei 225: Japan; Dow Jones Industrials: US; NASDAQ: US; FTSE100: UK; All Ords: Australia).

The NZSE All Gross Index is an accumulative index that calculates changes in investors returns based on price movements, dividends and other distributions. Accumulation indices are considered the best measure of overall market performance in a high yield market like New Zealand.

Companies should be encouraged by the increase in recorded funds raised through the NZSE that rose by 8.89% from 2000 to $4,041.12 million at the end of 2001.

NZSE welcomed fourteen NZ listed companies and one overseas company to its list, including equity listings for Kirkcaldie & Stains Limited, Briscoe Group Limited and Wakefield Hospital Limited, and debt listings for Fonterra Co-operative Group Ltd and Mission Contact Finance Limited.

The NZSE publishes a Fact Book that covers the activities of the stockmarket for the full calendar year and provides useful information on such subjects as the regulatory environment, listing rules, trading mechanism, indices, as well as comprehensive statistics including the market performance of NZ listed company securities.

The Fact Book for 2001 is now available and can be obtained at a cost of $30.00 (including GST) on request to the nzse@nzse.co.nz

ENDS

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