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MARAC approved under the NZ deposit scheme

MARAC approved under the New Zealand deposit guarantee scheme

12 November 2008

MARAC Finance Limited has a guarantee under the New Zealand deposit guarantee scheme. This was granted on Monday, 10 November 2008.

Brian Jolliffe, Managing Director of MARAC comments: "The Government's deposit guarantee will give our customers an extra layer of assurance.

"MARAC also has a BBB- (Stable)* credit rating from Standard & Poor's and our parent company, Pyne Gould Corporation Limited (PGC), announced on 30 September, its intention to apply for a banking licence. All of these factors combined provide investors with even greater confidence in the MARAC business as an investment+."

Further information on the New Zealand deposit guarantee scheme can be found at http://www.treasury.govt.nz


ENDS

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