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14
The NZRDA Member Superannuation Plan This presentation should be viewed in conjunction with the NZRDA Member Superannuation Plan Investment Statement and Q & A and in no way should be considered a substitute for the NZRDA Member Superannuation Plan’s Investment Statement.

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Page 1: Slide show,

The NZRDA Member Superannuation Plan

This presentation should be viewed in conjunction with the NZRDA Member Superannuation Plan Investment

Statement and Q & A and in no way should be considered a substitute for the NZRDA Member Superannuation Plan’s Investment Statement.

Page 2: Slide show,

Parties to the Plan

Trustee: Lighthouse Superannuation Nominees Ltd, a subsidiary of TOWER

Instigator: NZRDA Participating Employers: All DHB’s who have signed to

Participate in the Plan Members: Employees of the Participating DHBs

employed as Dental or Medical Officers Administration Manager: TOWER Investment Managers: ANZ Asset Management/ BNZ

Asset Management/ Bankers Trust/ ING & TOWER Asset Management

Page 3: Slide show,

Features & Benefits

What are the contribution levels? Member: 2% of your salary for the first year of the

Plan, increasing to 4% for the second year and 6% for the third and subsequent years

DHB: 2% of members salary for the first year of the Plan, increasing to 4% for the second year and 6% for the third and subsequent years

Note: members may also make lump sum investments or contribute at a higher percentage of salary from that shown above

Page 4: Slide show,

When can the funds be withdrawn?Anytime after normal retirement age or early retirement age with Employer consentUpon resignation, redundancy, death or forced leaving of service due to ill healthMembers may withdraw their own contributions once every 5 years subject to a minimum withdrawal of $1,000Funds may also be withdrawn should a member resign from one DHB to take a position with another

Features & Benefits

Page 5: Slide show,

Investment Options

What options do I have?There are 14 different options that you may choose from-9 Managed Funds and 5 Single Sector FundsThey vary in volatility from a conservative Cash Fund to a more aggressive NZ or International Shares FundThere are 5 different Fund Managers ranging from ANZ Asset Management (1), BNZ Asset Management (3), BT (2), ING (1) & TOWER (7)You May elect up to 4 different funds. A minimum of 25% in any one fund applies to contribution cashflowsRefer to the Investment Statement for details

Page 6: Slide show,

Conservative Fund Example

%

Cash

60%

NZ Fixed

Interest

20%

Global Fixed

Interest

20%

Please note this graph is for illustrative purposes onlyPlease note this graph is for illustrative purposes only

Page 7: Slide show,

Balanced Fund Example

NZ Equities

10%

Global Fixed

Interes t

20%

Property 10%

Cas h10%

NZ Fixed

Interes t

20%

Please note this graph is for illustrative purposes onlyPlease note this graph is for illustrative purposes only

International 30%Equities

Page 8: Slide show,

Growth Fund Example

NZ Equities

25%

NZ Fixed

Interes t 12.5%

International 50%Equities

Global Fixed

Interes t

12.5%

Please note this graph is for illustrative purposes onlyPlease note this graph is for illustrative purposes only

Page 9: Slide show,

The Best Performing Asset Classes

12.10

-21.61

5.64

8.67

10.46

0.88

2002

10.9316.00-1.8421.4213.0012.8013.080.4410.278.20Global Bonds6

-0.1123.271.2324.4823.0726.9724.3828.91-8.28-13.10Global Shares5

6.926.846.319.369.767.838.064.856.566.10NZ Cash4

11.9613.52-2.7913.238.806.7914.090.0611.124.75NZ Bonds3

-39.23-5.562.7913.8723.326.614.80-6.397.3412.12NZ Listed Property2

10.8447.84-7.1620.1217.334.30-4.4213.30-8.0313.39NZ Shares1

1992199319941995199619971998199920002001Asset class

Annual percentage returns by asset class*

*Based on the following indices: 1. NZSE 40 Gross Index; 2. NZSE Property Gross Index; 3. CSFB Government Bond Index; 4. CSFB 90 Day Bank Bill Index; 5. MSCI World Accumulation Index hedged in NZ$; 6. SSB World Government Bond Index (hedged).

Page 10: Slide show,

US Market Returns 1928 - 2002

-50

-40

-30

-20

-10

0

10

20

30

40

50

1928

1931

1934

1937

1940

1943

1946

1949

1952

1955

1958

1961

1964

1967

1970

1973

1976

1979

1982

1985

1988

1991

1994

1997

2000

OIL CRISIS

GULF WAR

DOT.COM

BUBBLE

1990’S BOOM

VIETNAM WAR ENDS

CUBAN CRISIS

GREAT DEPRESSIO

N

WORLD WAR II

*(Source: S&P500 - Bloomberg In US$ - To 31/12/02)

Page 11: Slide show,

Time in the market (not market timing)

Source: S&P 500 Accumulation Index *Period studied: June 1992-June 2002

S&P 500 Acc Index*

1991-2001 Annualised Returns

All 2,608 trading days 9.27%

Minus 10 best days 4.66%

Minus 20 best days 1.26%

Minus 30 best days -1.48%

Minus 40 best days -3.89%

Minus 50 best days -6.06%

Minus 60 best days -8.09%

Minus 70 best days -9.97%

Page 12: Slide show,

Joining the Plan

Complete the Application for Membership form and post it to NZRDA

Once registered with TOWER deductions will commence from your salary and TOWER will confirm your membership in writing

At the same time you will be advised of your web access number to ‘supersite’ so that you can monitor your membership accounts and investment returns

Page 13: Slide show,

DHBs joining @ 1 July 2003 Waitemata, Auckland, Counties Manukau, Waikato,

BOP, Lakes, Tairawhiti, Taranaki, Whanganui, Hutt Valley, Capital & Coast, Nelson Marlborough, Canterbury & Otago

DHBs joining 30 June 2004 Northland, Hawkes Bay, MidCentral, Wairarapa,

South Canterbury, West Coast & Southland

Page 14: Slide show,

Important Points To Note

• This information is given in good faith and has been derived from sources believed to be accurate. However neither NZRDA nor any of their employees gives any warranty of reliability or accuracy nor accepts any responsibility arising in any other way for errors or omissions.

• Past performance is not necessarily indicative of future performance.

• The RDA, Participating Employers or the TOWER Group do not guarantee repayment of capital or future performance of any fund within the NZRDA Member Superannuation Plan.

• This material has been prepared specifically for illustrative purposes only and is not a securities recommendation, it does not contain securities advice. In preparing this presentation, we have not taken any individual investor's personal circumstances into account. This presentation should not be relied upon as the basis for an investment decision. Investors considering investing in the Plan should obtain a copy of the current Investment Statement and consult their Financial Adviser.