In June 2006 Hellaby Holdings issued $50 million of capital notes at a fixed interest rate of 8.50%, with interest payable quarterly. The notes are listed on the NZDX, and will be redeemed for cash effective 15 December 2010.

Investment Statement and Prospectus 18 May 2006 1.5 MB Cover and Contents Pages Key Information and Important Information Investment Highlights Chairman’s Letter Key Financial Information Main Terms of the Offer Company Overview Investment Portfolio History of Signficant Acquisitions and Disposals Director's and Senior Management Historical Financial Information Auditors’ Report Investment Statement - Answers to Important Questions Summary of Trust Deed Trustee’s Statement Statutory Prospectus Information Glossary Application Instructions Application Form Directory Back Cover

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