1. THE NEW ZEALAND BUSINESS ENVIRONMENT APRIL 2016

2. Page Click to edit Master title style Forbes Magazine International Budget Partnership Transparency International World Bank Reputation Institute Best Countries for Business 2015 Open Budget Survey 2015 Corruption Perceptions Index 2015 Ease of Doing Business Report 2016 Country Reptrak 2015 Denmark Norway Ireland Sweden Finland Canada Singapore Netherlands United Kingdom Sweden South Africa Norway United States Brazil France United Kingdom Romania Peru Denmark Finland Sweden Netherlands Norway Switzerland Singapore Canada Germany / Luxembourg Singapore Denmark South Korea Hong Kong United Kingdom United States Sweden Norway Finland Canada Norway Sweden Switzerland Australia Finland Denmark Netherlands Belguim A TRUSTED BUSINESS ENVIRONMENT NEW ZEALAND 2 2 4 7 1 Source: Forbes, World Bank, Transparency International, International Budget Partnership, Reputation Institute 2THE NEW ZEALAND STORY

3. PageTHE NEW ZEALAND STORY Global Enabling Trade Report 2014 Ranks nations on their ability to facilitate Trade and Investment FOCUSSED ON GLOBAL TRADE 3 1 2 4 SINGAPOREHONG KONG SAR NEW ZEALAND 3 5 NETHERLANDSFINLAND Source: World Economic Forum, Global Enabling Trade Report 2014

4. PageTHE NEW ZEALAND STORY4 MULTINATIONALS OPERATING IN NEW ZEALAND THE NEW ZEALAND STORY4 Source: New Zealand Trade and Enterprise

5. Page Six pillars for growing New Zealand’s export economy From 30-40% GDP on Exports by 2025 5 A GOVERNMENT FOCUSSED ON GROWTH Business Growth Agenda Export Markets InnovationInfrastructure Natural Resources Capital Markets Skilled and Safe Workplaces 5THE NEW ZEALAND STORY Source: New Zealand Government

6. Page WELCOME TO INTERNATIONAL INVESTMENT 6THE NEW ZEALAND STORY

7. Page MODERN INFRASTRUCTURE 7THE NEW ZEALAND STORY

8. Page Click to edit Master title style SOUND MACROECONOMIC BASE No restrictions on repatriation funds. Low inflation environment. A strong banking sector. 8 Flexible exchange rate. THE NEW ZEALAND STORY

9. Page SIMPLE TAX STRUCTURE A business-friendly tax system that supports capital expansion, R&D and investment. Recoverable Goods and Services (VAT) Tax. Tax-deductible business expenses (including R&D) and depreciation. 28% Corporate tax rate. No payroll tax. No capital gains tax. 9THE NEW ZEALAND STORY

10. Page THE OVERSEAS INVESTMENT OFFICE REVIEWS SIGNIFICANT INVESTMENT APPLICATIONS 10 The Overseas Investment Act (2005) regulates the acquisitions by overseas persons of: 25% or greater, ownership or control of interests in sensitive New Zealand land significant business assets. Sensitive assets include: land, water and space, business assets of more than NZD$100m and fishing quota. A large number of investments don’t need approvals. 10THE NEW ZEALAND STORY

11. Page Click to edit Master title style PRIORITY INVESTMENT SECTORS Biotechnology Financial Services ( shared, insurance, call centres) 11 ICTInfrastructure Oil and GasTourism Manufacturing ( focus on high value food) Primary Sector ( dairy, aquaculture, wine) THE NEW ZEALAND STORY

12. Page Click to edit Master title style A trusted business environment. Welcoming to international investment. Sound macroeconomic base. Simple tax structure. Compelling investment opportunities. IN SUMMARY 12THE NEW ZEALAND STORY