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Appraisal Report
for
Kiwi Income Property Trust
in respect of the
Issue of Units to
Kiwi Income Properties Limited
August 2005
Independent Adviser's Report
for
Cynotech Holdings Limited
in respect of the
Proposed Allotment of Shares
April 2005
Independent Report
for

Kiwi Income Properties Limited

in respect of the

Assessment of Property
Management Fees
July 2004
Independent Adviser's Report
for

Rural Equities Limited

in respect of the

Partial Takeover Offer by
H&G Limited
May 2004
Independent Adviser's Report
for
AFFCO Holdings Limited
in respect of the
Acquisition of Shares by
Talley's Fisheries Limited and Toocooya Limited
November 2003
Appraisal Report
for
Waste Management NZ Limited
in respect of the
Issue of Zero Exercise
Performance Rights to the
Managing Director
August 2003
Independent Adviser's Report
for
AFFCO Holdings Limited
in respect of the
Acquisition of Shares by
Talley's Fisheries Limited
July 2003
Independent Adviser's Report
for
Viking Pacific Holdings Limited
in respect of its
Compulsory Acquisition of Shares
April 2003
Appraisal Report
for
Rubicon Limited
in respect of the
Sale of Rubicon's shareholding in Fletcher Challenge
Forests Limited
August 2002
Independent Adviser's Report
for
Owens Group Limited
in respect of the
Takeover Offer by
Mainfreight Limited
June 2005
Appraisal Report
for
Macquarie Goodman Property Trust
in respect of the
Acquisition of Certain Property
Assets and Amendments
to the Trust Deed
February 2005
Independent Adviser's Report
for

SKYCITY Entertainment
Group Limited

in respect of the

Compulsory Acquisition of
Mandatory Convertible Notes Issued
by SKYCITY Leisure Limited
June 2004
Appraisal Report
for
Macquarie Goodman
Property Trust
in respect of the
Joint Venture with
Macquarie Goodman Industrial Trust
March 2004
Independent Adviser's Report
for
Sky Network Television Limited
in respect of the
Takeover Offer by
Independent Newspapers Limited
October 2003
Independent Adviser's Report
for
Owens Group Limited
in respect of the
Takeover Offer by
Mainfreight Limited
August 2003
Independent Report
for
Owens Group Limited
in respect of the
Disposal of Hirepool Limited
May 2003
Independent Adviser's Report
for

Viking Pacific
Holdings Limited
in respect of its

Share Buyback
March 2003
Independent Adviser's Report
for
Meritec Group Limited
in respect of the
Takeover Offer by
AECOM Technology Corporation
July 2002