<ul>
<li>Group operating earnings of $36.6 million (excluding acquisition and integration costs) up 2.3% yearon-year; $35.1 million (including acquisition and integration costs) up 1.9%, for year ending 31 December 2022</li>
<li>Despite the step back in market activity in 2022, the NZX Group revenues were up 8.8% to $95.7 million for the full year, reflecting the strength of NZX’s strategy and earnings base. Smartshares and Wealth Technologies continue to provide a platform for future growth</li>
<li>Net profit after tax for the year (NPAT) was $14.2 million, compared with $15 million the previous year. This includes increased amortisation costs from the continued investment in the NZX Wealth Technologies platform and the acquired ASB Superannuation Master Trust</li>
<li>FY2023 operating earnings guidance range is $36.0 million to $40.5 million</li>
</ul>
<p><strong>TRANSACTION HIGHLIGHTS</strong>:</p>
<ul>
<li>NZX to acquire the management rights of QuayStreet (and its $1.6 billion in funds under management) from Craigs Investment Partners for upfront consideration of $31.25 million, to be satisfied by a $22.5 million cash payment and the issuance of $8.75 million of NZX shares (at a 10% premium to the five-day volume-weighted average price).</li>
<li>Potential earn-out consideration of up to $18.75 million, based on net FUM inflows from the Craigs network over a three-year period.</li>
<li>Product support and distribution agreement agreed as part of landmark deal.</li>
<li>Acquisition expected to have a full year equivalent operating earnings contribution of between $3.3 million to $3.6 million in FY23. This excludes transaction costs, internal and external integration costs (circa $4 million over two years), depreciati