1. Slide 1

2. Slide 2 XBRL at NZX

3. Slide 3 Presentation Overview 1.NZX overview –Team and Resources –Motivation 2.MAP (Market Announcement Platform) –Origin of MAP (2001) –Development process –How it works –Next Steps 3.Integration –First Step –Key integration challenges –Intelligent integration and cooperation –What Next?

4. Slide 4 NZX Overview

5. Slide 5 NZX 50 Staff 11 IT Staff 3 Web Staff –2 Web Developers –1 Website/Data Manager

6. Slide 6 Resources Web team priorities: www.nzx.com map.nzx.com and XBRL support.nzx.com challenge.nzx.com And future developments… data.nzx.com

7. Slide 7 Pre-MAP Listed Company Relations Team Human Input Listed Issuers Human Input Listed Companies NZX MAP Database Tandem Export Data Website Limited input Data vendors

8. Slide 8 MAP (Market Announcement Platform)

9. Slide 9 Origins of MAP Conceived in 2001 Prioritised in October 2003 Successful launch: –Internally – September 2003 –Externally – March 2004

10. Slide 10 MAP - Market Announcement Platform MAP allows Listed Issuers to create announcements and submit them directly to NZX for release to the market. NZX’s Objective: Information dissemination Accurate information Efficient Issuer information exchange Simple

11. Slide 11 Status of MAP project Release 2: Direct Listed Issuer Access Delivered 29 March 2003 –Listed Issuer staff are able to: create their own market announcements on the web attach accompanying files submit the announcement to NZX for release to the market. External MAP System Internal MAP System MAP Database Tandem Export Data Website Data vendors Internet (https) Listed Issuers Listed Company Relations Team Quality Control Internet (https) Limited input* *still uploading word documents Appendix 1, 11, 7 Listed Companies NZX

12. Slide 12 Key MAP Components XML Standards User/Issuer Driven Standard Announcement Options SIMPLE XBRL

13. Slide 13 NEXT STEP: XBRL is the future Release 3: A Richer MAP Scheduled for release Q2 to Q3 2004  XBRL based  Appendix forms refer to Appendix 1, 7 and 11 of the Listing Rules in relation to Preliminary Financial Statements, Events Affecting Securities and Consolidated Cash Flow Statements. External MAP System Internal MAP System MAP Database Tandem Export Data Website Data vendors NZX Internet (https) Quality Control Listed Relations Team Company Full input Listed Issuers Database

14. Slide 14 The Integration

15. Slide 15 The Integration… First Step And along came Project First Step… MAP XBRL SIMPLE

16. Slide 16 First Step overview Companies involved: 1.Telecom 2.Sky City 3.Cart Holt Harvey 4.Fletcher Building Limited 5.Auckland International Airport Limited 6.Dairy Brands NZ Limited 7.Warehouse Group Limited 8.Northport Corporation of NZ Limited 9.Fisher & Paykel 10.NZSX 10 Fund 11.NZX What is the goal of First Step and MAP Integration? A platform that allows Listed Issuers to use MAP to submit electronic versions of Appendix 1 using XBRL. Who is involved? NZX XBRL-NZ The big four accounting firms Selected Listed Issuers

17. Slide 17 Key Integration challenges: NON-TECHICAL Appendix 1 –GAAP/IFRS –Collaboration Simple for Issuers? –How –Tools –Collaboration

18. Slide 18 Key Integration challenges: TECHICAL Architecture –Validation model –Version control –Database vs file system? Web delivery –3months.com –cocoon Tools –Microsoft Products

19. Slide 19 Success! A greatly improved Appendix 1 –Global access –User friendly form –High quality Bridges built –Intelligent focused cooperation - right people at the right time –New relationships –Cross disciplines

20. Slide 20 What Next? Distribution ($$)? Issuer Uptake Other applications for NZX business

21. Slide 21