New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Macquarie Bank owned MRF Parking NZ (MRF) has exercised its right to terminate the long-term concession agreement with SkyCity (SKC) for its Auckland carpark</li><li>MRF originally paid SKC NZ$220m for the licence to operate the carparks</li><li>SKC has funding plans in place to buyback the carparks</li></ul>

Macquarie Bank owned MRF Parking NZ (MRF) has exercised its right to terminate the long-term concession agreement with SkyCity (SKC) for its Auckland carparkMRF originally paid SKC NZ$220m for the licence to operate the carparksSKC has funding plans in place to buyback the carparks

SkyCity (SKC): Termination of Auckland Carpark Concession Agreement

Skycity Entertainment

SkyCity (SKC): Termination of Auckland Carpark Concession Agreement