CONVERTIBLE SECURITIES

Press, 15 January 1986, Page 28

CONVERTIBLE SECURITIES

Tuesday, January 14, 1986

| Options I

• Do not participate in bonus issues. a Earliest of optional conversion dates. b Half convert for cash (190 c or ords 1:1 on 31.3.87, or all on same terms on 31.3.89. c Cash at par or 1:1. d Cash at par or convert one-third of holdings on 1.4.87 or one-half on 1.4.89, balance on 1.4.91. e Convert at 81.5 per cent of then market value of the ords. f Final conversion date. g Cash or convert half the difference between par and market values at 1.4.87, 1988 or 1989. k Adjusted for issues. m Exercise price. p Exercise price may be varied according to rules set out in prospectus. X q 70 p.c. of weighted average price for July, 1988.

Share Last Int. Maturity Conversion Yld on Sale Rate Date Terms Int. All. Tex. 50c pf 120 12.00 1.8.87 9:8 5.0 CPD 300c pf * 430 15.00 30.9.89 cl:l 10.4 CPD 100c pf 85 18.00 30.9.89 cash 21.1 Ceramco 100c pf 83 16.00 1.4.88 19.2 Clypex 25c pf 35 12.00 1.10.83 al:l 8.5 Clypex 25c pf 30 17.50 1.11.87 al:l 14.5 CM! 190c pf 280 15.00 31.3.87 bkll:10 10.1 Cory Wright 100c pf . . . 310 16.25 30.4.87 1:1 5.2 Dom. Brew. 50c pf . . . . 250 11.00 1.10.83 a4:5 2.2 Donaghy 50c pf 110 15.00 1.4.87 12:25 6.8 EMCO 100c pf 170 16.00 1.4.87 dk33:50 9.4 Equiticorp 50c pf 42 13.50 31.5.89 16.0 FTC 150c pf. / 400 17.00 30.9.89 Ck5:2 6.3 Feltex 125c pf 340 16.00 1.7.86 akll:10 5.8 Fernz 100c pf 205 17.00 31.5.90 1:1 8.2 FCL 220c pf 635 16.00 30.6.88 2:1 5.5 FCL 100c pfe 115 15.00 5.1.86 e opt’n 13.0 Goodman 50c pf 700 14.00 30.9.88 k9:5 1.0 HB Tpt 100c pf ..... . 215 16.00 1.4.87 a4:5 7.4 Intertasman 50c pf . . . . 55 14.00 30.11.89 1:2 12.7 J Smith 50c pf 120 14.00 30.11.85 a4:5 5.8 J Smith 80c pf 120 17.50 30.11.88 al:l 11.6 Jedi Corp 100c pf 245 14.00 16.12.88 5:1 5.7 Kingsgate 50c pf 80 12.00 31.10.84 1:1 7.5 Lakeland 50c pf 46 12.50 1.4.91 1:1 13.5 Landmark 25c pf 50 15.00 30.9.88 2:3 7.5 Lanes 60c of 65 17.00 31.3.88 al:2 15.6 L D Nathan 150c pf . . . 510 15.50 1.9.86 al:l 4.5 L D Nathan 250c pf . . . 510 18.00 1.9.89 cl:l 8.8 Leyl. Growth 50c pf. . . . 40 14.00 30.9.89 cash 17.5 Lion Brew. 50c pf 390 12.00 31.10.84 a9:8 1.5 Lion Brew. 50c pf 370 10.00 31.7.84 a9:8 1.3 McConnell 62 17.00 1.9.90 2:1 13.7 M O’Brien 50c pf 50 15.00 1.12.85 1:1 15.0 M O’Brien 50c pf 42 11.00 1.6.89 1:1 13.0 Mount Cook 100c pf. . . . 500 15.00 30.11.86 1:1 3.0 Repco 120c nts 220 17.00 30.6.87 a703:500 9.2 Rothmans 125c pf 270 15.50 30.6.87 k7:6 7.1 SCM 25c pf . . .* 117 16.00 31.10.87 1:1 17.0 UEB 50c pf 152 12.00 1.4.85 akll:10 3.9 UEB 50c pf 90 15.00 1.4.86 ak33:50 8.3 Unity 80c pf 220 17.00 31.10.89 cl:l 6.1 Wattie 50c* pf 345 12.50 31.7.83 ak9:10 1.8 Wattie 105c* pf 410 16.00 30.6.88 k27:20 4.0 Westbridge 50c pf 100 16.00 31.3.87 1:1 8.0 Winstone 50c pf * 72 16.00 1.4.87 agl:l a4:5 11.1 Yates 100c pf' 260 12.00 1.12.84 4.6

Share Last Sale Conversion Date Conversion Terms Carter opts 110 1.4.90 300c Chase 60c opts 450 30.9.85 m 20c Clypex opts 23 30.11.88 m 25c Crown opts 62 1.12.89 m par Euro-Nat opts Gen. Prop opts 140 50 15.8.88 1.4.87 9 Grocorp opts 26 31.3.87 p 50c Horizon opts Hortic opts Kaurex opts 50 35 15 30.9.86 • m par Kiwifruit opts 10 1.3.88 m par Kupe opts 25 30.9.88 m par Mainstay opts Min Res 1c opts 25 9 1.2.86 am 50c Landmark 20c opts NZ Equit opts 50 400 30.9.85 40c NZI opts 140 30.6.85 am 120c Nthland FM opts Northrop opts 30 18 1.7.87 . m 50c Oilfields opts 14 30.9.88 m par Petro Tar opts Premier opts 18 10 30.6.88 m par Queenstown opts Rainbow opts 45 275 1.6.87 50c Regina opts Robt Jones opts 80 220 2.4.87 m 50c Sovereign opts 3 30.6.86 m 25c Spectrum opts Sthn Pet opts 27 14.6.88 m 25c 9 30.9.88 m par Tag opts . . Uta Res opts Venture Corp opts Waikato Stud opts Westbridge opts 35 12 19 23 40 30.6.87 31.12.88 m 50c