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NEW ZEALAND GAZETTE, No. 21

23 FEBRUARY 2007

(ii) and if an industry standard agreement is not used, a copy of the advice from an independent third party
expert validating the robustness of the agreement;
will be provided at no charge to any person within 5 Working Days of a request for a copy having been made.

5. The General Short Form Disclosure Statement shall contain a statement of the aggregate amount of contingent exposures
   of the Banking Group to Connected Persons, arising from risk lay-off arrangements in respect of Credit Exposures to
   Counterparties (other than Counterparties which are Connected Persons), as at the Off-Quarter Balance Date.

6. The General Short Form Disclosure Statement shall contain a statement of the aggregate amount of the Banking Group’s
   Specific Provisions provided against Credit Exposures to Connected Persons as at the Off-Quarter Balance Date.

Sixth Schedule

Securitisation, Funds Management, Other Fiduciary Activities and the Marketing and Distribution of Insurance Products

1. The General Short Form Disclosure Statement shall contain the information required to be disclosed pursuant to clauses 3
   to 7 of this Schedule in respect of the Banking Group.

2. The information required to be disclosed pursuant to clauses 4 and 6 of this Schedule shall include comparative figures
   for the previous corresponding period.

2A. For the purposes of this Schedule:

(a) references to insurance products shall be understood to relate to insurance contracts which constitute Insurance
Business; and

(b) information relating to the marketing and distribution of insurance products disclosed pursuant to clauses 4 to 7 of
this Schedule is required only in respect of an Affiliated Insurance Entity or an Affiliated Insurance Group.

3. A statement of the nature of the Banking Group’s involvement in:

(a) trust, custodial, funds management, and other fiduciary activities established, marketed, and/or sponsored by a
member of the Banking Group;

(b) the origination of securitised assets, and in the marketing or servicing of securitisation schemes; and

(c) the marketing and distribution of insurance products.

4. The peak end-of-day aggregate amount of funding (including funding provided by the purchase of securities issued by
   entities which conduct the activities specified in clause 3 of this Schedule, or on whose behalf the activities specified in
   subclause 3(c) of this Schedule are conducted) the Banking Group has provided over the First Quarter Accounting Period or
   the most recent quarter of the Third Quarter Accounting Period to the entities which conduct the activities specified in clause 3
   of this Schedule or on whose behalf the activities specified in subclause 3(c) of this Schedule are conducted, expressed as an
   amount and as a percentage of Tier One Capital.

5. For the purposes of clause 4 of this Schedule, the peak end-of-day aggregate amount of funding over the First Quarter
   Accounting Period or the most recent quarter of the Third Quarter Accounting Period shall be derived by determining the
   maximum end-of-day aggregate amount of funding over the quarter, and then dividing that amount by:

(a) the Banking Group’s Tier One Capital as at the end of the quarter; or

(b) the Banking Group’s Tier One Capital as at the date the maximum end-of-day aggregate amount of funding
occurred.

A Registered Bank shall state in the General Short Form Disclosure Statement which of these methods it has used to derive
peak ratio information.

6. The peak end-of-day aggregate amount of funding (including funding provided by the purchase of securities issued by
   entities which conduct the activities specified in clause 3 of this Schedule, or on whose behalf the activities specified in
   subclause 3(c) of this Schedule are conducted) provided by the Banking Group over the First Quarter Accounting Period or the
   most recent quarter of the Third Quarter Accounting Period to any individual entity which conducts the activities specified in
   clause 3 of this Schedule, or on whose behalf the activities specified in subclause 3(c) of this Schedule are conducted,
   expressed as an amount and as a percentage of the amount of assets of that particular entity.

7. For the purposes of clause 6 of this Schedule, the peak end-of-day aggregate amount of funding provided to any
   individual entity over the First Quarter Accounting Period or the most recent quarter of the Third Quarter Accounting Period
   shall be derived by determining the maximum end-of-day aggregate amount of funding provided over the quarter, and then
   dividing that amount by:

(a) the amount of the entity’s assets as at the end of the quarter; or

(b) the amount of the entity’s assets as at the date the maximum end-of-day aggregate amount of funding occurred.

A Registered Bank shall state in the General Short Form Disclosure Statement which of these methods it has used to derive
peak ratio information.

Seventh Schedule

Risk Management Policies

1. Where, since the Publication Date of the previous Disclosure Statement, there has been a Material change in the Banking
   Group’s policies for managing any of the following risks:

(a) Credit Risk, including concentrations of Credit Risk, intra-day Credit Risk, Credit Risk to Bank Counterparties and
related party Credit Risk;

(b) Currency Risk;

(c) Interest Rate Risk;

(d) Equity Risk;

(e) liquidity risk;

(f) any other Material business risk to which the Banking Group is exposed;
the General Short Form Disclosure Statement shall contain a statement of the nature of those changes.