About Z

Company: Greenstone Energy Finance Limited

Registered Office Address:

Greenstone Energy Finance Limited

3 Queens Wharf

Wellington 6011

Website: www.greenstoneenergy.co.nz

Telephone Number: (04) 495 0995

Details of Issue: Secured fixed rate bonds having a Maturity Date of 15 October 2016

Opening of Offer: 16 August 2010 (or a different date determined by the issuer)

Closing of Offer: 15 September 2010 (or a different date determined by the issuer)

Interest Rate: 7.35% per annum

Maturity Date: 15 October 2016

First Interest Payment Date: 15 October 2010

First Interest Payment Paid to: Initial subscribers 

Interest Payment Dates: 15 October and 15 April each year

Record Date: The tenth calendar day before the relevant Interest

Payment Date or Maturity Date (or if that tenth day is not a Business Day, the Business Day immediately preceding such day).

Minimum Subscription: $5,000 and in multiples of $1,000 thereafter

Minimum Amount Transferable: $1,000 (provided neither the transferor or transferee holds less than the Minimum Holding after the transfer)

Issue Price: $1.00 per bond

Trustee Name: Trustees Executors Limited

Trust Deed Dated: 11 August 2010

Settlement Status: FASTER

Registrar: Link Market Services Limited (LNKT)

Joint Lead Managers: ANZ National Bank Limited and First NZ Capital Securities Limited

Organising Participant ANZ National Bank Limited

Security Code: GEF010

ISIN: NZGEFD0010L1

Short Name: Greenstone Energy

Waivers Granted: Waiver from Rule 11.1.1 to enable GEF to decline to accept or register a transfer of bonds of an amount of less than $1,000, or if such transfer would result in the transferor holding bonds with an aggregate Principal Amount of less than $5,000

Initial Allotment Date: As funds for the subscription are received in cleared funds.

Initial Quotation: Monday, 6 September 2010

Subsequent Allotment Dates: Bonds will be allotted from the date application monies are banked and cleared (usually three to five

Business Days after banking), and in any event will occur at the latest five Business Days after the Closing Date.