Bancorp Wealth Management New Zealand Limited 11th Floor, 191 Queen Street, PO Box 4270, Auckland 1140, New Zealand Tel: 64-9-309 8270 Fax: 64-9-309 8367 NOT A REGISTERED BANK 19 December 2012 MARKET RELEASE Executive Options scheme share price set Following the group reorganisation in 2012 the executive and issued option scheme was adjusted as per the option agreements to take into account the change in shares on issue and the entity issuing the shares. The Board has now set the exercise price for the purchase of shares at NZD6.00. All other terms of the Option Agreement remain the same. The Board considers this a target which incentivises those associated with the listing of the company and its ongoing growth and profitability to grow shareholder value. The options to purchase shares may be exercised at anytime up to 15 August 2016 and require the holder to pay the full share price of NZ$6.00 per share to the company in return for the issuance of shares. Ends.
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