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DETAILS OF SUPPORTING DOCUMENTATION REQUIRED TO BECOME A DEPOSITORY PARTICIPANT

|REQUIREMENT |DOCUMENTATION |PARTICIPANT COMMENTS |NZXR COMMENTS |

|Application Form: |Depository Participant. | | |

|Responsible Person |Application Form (including Schedule 1); | | |

|(Rule 2.13) |Employment history and experience - relevant to accreditation; | | |

| |Details of anyone authorised by the Responsible Person to sign documents on their behalf (Procedure 2.35); | | |

| |Training (Procedure 2.16); and | | |

| |AML identification documents: | | |

| |ID – Passport or New Zealand Drivers licence and Full Birth Certificate; and | | |

| |Confirmation of Address – Bank Statement, Utility Bill. | | |

|Company Details |Application Form – Depository Participant; | | |

|(Procedure 2.1.1(a)) |Details of Directors (full name, date of birth and address); | | |

| |Details of Shareholders; | | |

| |Certificate of Incorporation (or equivalent document confirmating establishment of the entity); | | |

| |Company Number; | | |

| |Registered address of company, if different to place of business; | | |

| |Details of the type of company and nature of its activitives; | | |

| |A description of the Participant’s management structures including the names of Personnel holding management | | |

| |positions and their experience to hold such positions; | | |

| |A description of the Participant’s Corporate Structure; and | | |

| |Constitution. | | |

|Access |A list of all persons who will have access to the Depository System and / or provide instructions to the | | |

|(Procedure 2.15) |Depository. The list should be signed off by the Responsible Person and include: | | |

| |Name; | | |

| |Position Title; | | |

| |The role performed by the individual; and | | |

| |The Key Contacts within the list should be highlighted. | | |

|Integrity, Reputation, Character |The Participant should provide details of, or confirm that the following do not apply: | | |

|(Procedure 2.1.1(c) and (d)) |Details of any legal or arbitration proceedings active or threatened; and | | |

| |Details of the skills, qualifications, and experience of personnel holding senior management positions. | | |

|Financial Details |Copies of the Participant’s audited financials statements for the previous 5 years. | | |

| | | | |

|(Procedure 2.1.1(f)) | | | |

|Compliance Plan |The Compliance Plan should include a periodic review of the Participant’s obligations and identify the | | |

|(Procedure 2.6) |Participant’s key risks, together with establishing systems, procedures and controls to monitor and manage those | | |

| |risks. | | |

| |The Compliance Plan should include the following: | | |

| |A statement of objectives of the compliance plan; | | |

| |A programme of procedures and controls, including regular periodic (daily, weekly, monthly, quarterly and annual)| | |

| |tasks, processes, monitoring and sampling and testing of operational activities; | | |

| |The management structure, including operations and processes, for implementation of that Depository Participant’s| | |

| |compliance plan; | | |

| |Allocation of compliance responsibilities among Depository Participant’s Personnel relevant to tasks performed | | |

| |reflecting, where appropriate, the compliance and procedures manuals referred to in Procedure 2.6.2(e) including | | |

| |responsibility for the design, implementation, functioning and review of the compliance plan; | | |

| |Written compliance and procedure manuals, setting out the Depository Participant’s procedures, and controls over | | |

| |those procedures, in all areas of its clearing and settlement operations; | | |

| |Recording and reporting to the Depository Participant’s Responsible Person, breaches and suspected breaches of | | |

| |applicable material requirements of the Securities Legislation relevant to the Depository Participant and the | | |

| |Rules, and providing structures and procedures for investigation, external reporting, mitigation, discipline and | | |

| |remedy of those breaches; | | |

| |Processes for avoiding or managing conflicts of interest arising for Personnel involved in both compliance | | |

| |activities and operational activities; | | |

| |Maintenance of records of compliance activities; | | |

| |Processes to review the adequacy of the Depository Participant’s compliance plan and the effectiveness of its | | |

| |implementation and implement the outcome of the review; | | |

| |Processes for regular periodic review of the adequacy of the compliance plan (including against the requrements | | |

| |of this procedure) and implementation of the actions required as a consequence of that review; and | | |

| |Monitoring ongoing training for Responsible Person (Procedure 2.16.2). | | |

|Technology |Confirm how access to the Depository system will be managed by the Participant and what access is required by | | |

|(Procedure 2.5) |Back Office systems and how this will be managed to ensure there is intergrity with the depository. | | |

|Operations / Procedures Manual |The Participant should have the following documented: | | |

| |Deposit and Withdrawal using the Depository; | | |

| |Lodgement and Uplift – using the Legal Title Transfer System and not using the system; | | |

| |End of Day transfer from the settlement account; and | | |

| |Stock Lending. | | |

|Settlement Bank |Participants are required to appoint a Settlement Bank, and notify CDO of the name of the bank, together with | | |

| |confirmation from the Bank; and | | |

|(Rule 3.3.1) |Participants must confirm their funds transmission method to CDO. | | |

|Anti Money Laundering |The following must supply identification for AML : | | |

| |Beneficial Owners with >25% holding | | |

| |Directors | | |

| |Responsible Executive | | |

| |BaNCS users | | |

| |The following documentation should be provided in hard copy (original certified copies only): | | |

| |Individuals: | | |

| |Name, Date of Birth and Residential Address | | |

| |The preferred method of verification for this is: | | |

| |Passport and Proof of Address, or | | |

| |New Zealand Drivers Licence and Birth Certificate and Proof of Address | | |

| |All passport copies need to be certified by an acceptable referee (e.g. a lawyer, notary public, justice of the | | |

| |peace, etc.). Appropriate wording for the certification is: | | |

| |“I confirm that this is a true copy of the original document, and represents the identity of [NAME OF PERSON]” | | |

| |The attached link provides further details on ID requirements and accepted verification. | | |

| |Amended Identify Verification Code of Practice 2013 | | |

| |Company | | |

| |Does the company have any of the following: | | |

| |Nominee shareholders; and | | |

| |Any natural person shareholders who has more 25% ownership of the company? | | |

|Clearing and Depository Setup Form |Please complete the setup form. | | |

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