NZL New Zealand It

    THE NEW ZEALAND INVESTMENT TRUST PLC

The diluted net asset value per ordinary 25p share of the Company at 16 January
2008 was 457.63 pence sterling (NZ: 1,169.79 cents).

The current period revenue to 31 December 2007 was 1.69 pence per share (NZ:
4.32cents). This is not included in the above net asset value.

Holders of shares on 21 December 2007 will receive a dividend of 7.5 pence (NZ:
19.17 cents at current exchange rates) per Ordinary share which will be payable
on 18 January 2008.

The exchange rate at which this was calculated was �=NZ$2.5562

As previously announced, the Directors will be proposing a reorganisation and
liquidation of the Company. Presently estimated costs for this, including the
fees of the liquidators and the liquidators' proposed retention, are
approximately 6 pence per share (NZ 15 cents per share), and these have not
been deducted from the net asset values per share set out above.

In the light of the proposed reconstruction of the Company a substantial amount
of deals have been done meaning the composition of the portfolio has
significantly changed since the end of December 2007 when the breakdown of the
portfolio was last released to the UK and New Zealand Stock Exchanges. The
portfolio currently comprises around 29% in quoted New Zealand companies'
shares, 9 % in quoted Australian companies' shares, and 62% in a mixture of New
Zealand and Australian Government Bonds and cash.

The Company has applied revised UK GAAP to its results for the first time for
the financial year ending 31 October 2006. In keeping with AIC guidance, we
began calculating the net asset value from 1 January 2006 at the last traded
prices of the securities held in the portfolio, consistent with revised UK
GAAP.

 END

New Zealand Inv Trust (LSE:NZL)
Historical Stock Chart
From May 2024 to Jul 2024

New Zealand Inv Trust (LSE:NZL)
Historical Stock Chart
From Jul 2023 to Jul 2024