CONVERTIBLE SECURITIES

Press, 27 July 1988, Page 37

CONVERTIBLE SECURITIES

Tuesday, July 26, 1988

notions

@ 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. q 70 p.c. of weighted average price for July, 1988. r Anytime before 31.03.91. s or one month before bonus or cash issue, at 50c. t lesser of 200 c or 70% of average sales Nov. and Dec. 1989.

Share Last Sale Int. Rate Maturity Date Conversion Terms YId on Int. CPD 100c pf 92 18.00 30.9.89 cash 19.5 Ceramco 100c pf 93 16.00 1.4.88 cash 17.2 Ceres Pac 25c pf 75 17.50 1.11.87 al:l 16.8 CMI 190c pf 186 15.00 31.3.87 bk66:50 15.3 Equiticorp 50c pf 45 13.50 31.5.89 cash 15.0 Femz 100c pf 300 17.00 31.5.90 1:1 5.6 HB Tpt 100c pf 1400 16.00 1.4.87 a4:5 1.1 J Smith 50c pf 500 14.00 30.11.85 a4:5 1.4 J Smith 80c pf 450 17.50 30.11.88 al:l 3.1 Kingsgate 50c pf 145 12.00 31.10.84 1:1 4.1 Lakeland 50c pf 25 12.50 1.4.91 1:1 25.0 Landmark 25c pf. . . . . 15 15.00 30.9.88 3:3:2.9 25.0 Lanes 60c pf 27 17.00 31.3.88 al:2 37.7 Lion Nathan 150c pf. . . 1020 15.50 1.9.86 al:l 2.2 Lion Nathan 250c pf. . . 1020 18.00 1.9.89 cl:l 4.4 Leyl. Growth 50c pf. . . 47 14.00 30.9.89 cash 14.8 London Pac 100c pf. . . 8 14.00 16.12.88 5:1 .0 Stratcap 50c pf 46 14.00 — 2:1 15.2 Unigroup 80c pf 103 17.00 31.10.89 cl:l 13.2

Share Last Sale Conversion Date Conversion Terms Ajax 5 30.6.98 185c Allegra 5 15.3.92 200c Amstrat .5 30.9.91 50c Apple Fields 35 Arahi . . . .5 79c Ararimu 31.5.93 50c Aust Res 4 31.3.90 50c Australis 1 Bexley 6 31.03.90 300c Bowen . . 10 Cap. Inv 1 1.4.88 1:10 at 100c Carr Bus 5 Carter 28 al.4.90 300c Cashcorp 1 30.6.89 1:1 at 50c Ceres Pac 4 30.11.88 mlOOc Charter 3 31.3.91 500c Chase 19 Compass Duty 18 al.4.90 1:1 at 50c Coronet 10 31.7.88 1:1 S Coronet FE 3 Coronet UK 2 30.6.91 1:1 at 200 Corp. Inv 68 Crown 90 1.12.89 10:11 at par Environ 3 1.4.89 1:1 at 50c Epicorp Euro-Nat 2 58 al5.8.88 9 Fin and Res 2 15.3.90 1:1 at 62c Gold Res 2 a31.12.8« 1:1 at 25c Grocorp 6 31.3.87 p 60c Heritage 3 1.10.92 50c Horner Greenlees 15 1:1 at 100c Inv. Fin. . 1 1.4.90 1:1 at 185 Kaurex 1 al.12.90 50 Landmark 20c 5 30.9.90 , 4:5 at 40c Leverage 7 31.3.90 4:1 at t Main Corp 15 Min Res 10 31.8.88 60c Mut. Pac 100 a31.3.87 1:2.5 at 150c NZ Equit A 135 NZ Equit B 3 31.12.90 1:1 at 300 NZ Steel 1 1.10.87 150c Normedia 15 1.7.87 m 50c OHL Corp 5 20.4.92 2:1 at 150c Oilfields 13 30.9.88 m par Omnicorp 15 31.3.91 50c Paladin 2 31.3.88 1:1 at 50c Pan Austral 1 31.3.90 1:1 at 25c Premier 1 Prodigal 1 1.8.86 25:37 at 40c Rainbow 350 Rada 1 30.6.89 1:1 at 100c Rank 3 Richmond Smart 10 14.11.38 1.6:1 at 100c Sigma 2 1.4.90 25c Somex 5 30.6.38 m 25c Sthn Pet 1 30.9.88 45 Striker Group 3 31.3.89 25c Summit 5 31.6.89 100c Tulwest 8 Westbridge 20c 55 31.12.88 40c Woodstock 10 31.12.91 1:1 at 60c