RESET EXCH SECURITIES


    

Reset Exchange Securities (RES) are perpetual reset exchangeable notes, issued by the New Zealand branch of IAG Finance (New Zealand) Limited, a wholly-owned subsidiary of IAG.

RES are listed on the Australian Securities Exchange under the code 'IANG'.

RES holders will be entitled to receive quarterly interest payments, based on a margin of 1.2% above the 90 day Bank Bill Rate which is expected to be fully franked.

Annual Report

Portfolio Value

The value of the RES Portfolio as at 30 April 2008 was $555,687,155.68. This value will be updated monthly.

Interest Payments (view archive)

Period End      Dollars per Security Ex Date Record Date Payment Date Franking Level Imputed Credit
15/06/08  $1.5806  02/06/08  06/06/08  16/06/08  100%  30%
16/03/08  $1.4904  03/03/08  7/03/08  17/03/08  100%  30%