Morningstar Publishes Research on Mighty River Power

Morningstar Australasia Publishes Independent Stock Analyst Research on Mighty River Power

AUCKLAND, 22 April 2013 — Morningstar Australasia Pty Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), today published independent stock research on the forthcoming partial float of Mighty River Power.

"We're pleased to be publishing this research on the Mighty River Power float to New Zealand investors," said Morningstar Australasia Chief Executive Officer Anthony Serhan. "Morningstar's mission is to create great products that help investors make better decisions, and this research will help investors better understand the key issues and risks associated with the share offer. Investors should seek professional financial advice on their personal circumstances before making a decision whether or not to invest."

New Zealand retail investors can register to receive a copy of the Morningstar research report at www.morningstar.com.au/869. Registration will also entitle investors to four weeks' complimentary Premium subscription access to www.morningstar.com.au, a leading online destination for research on Australian and New Zealand stocks, managed funds, and related securities, and one hardcopy and three online complimentary copies of Huntleys' Your Money Weekly, Australia's leading stock investment newsletter. New Zealand financial advisers and brokers will have access to the report through Morningstar® Adviser Research CentreTM.

Morningstar Australasia's team of 20 stock analysts covers around 230 New Zealand and Australian stocks and more than 30 income securities, as part of a team of 120 equities and credit analysts who undertake research on around 1,700 companies and 700 debt issuers globally. Morningstar does not charge listed companies for the production of stock analyst research. More information about Morningstar's equity research methodology is available at: http://corporate.morningstar.com/au/documents/MethodologyDocuments/MethodologyPapers/Morningstar-Equities-Research-Methodology.pdf
About Morningstar Australasia Pty Limited and Morningstar, Inc.
Morningstar Australasia Pty Limited is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisers, and institutions. Morningstar provides data on more than 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than nine million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment management subsidiaries and had approximately US$149.0 billion in assets under advisement and management at 31 December 2012. The company has operations in 27 countries.

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