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PPS Rate Reset 2011

Date: 14 March 2011



Quayside Holdings Limited Dividend Reset Rate

Quayside Holdings Limited advises that the Dividend Rate for the Perpetual Preference Shares (NZX listing QHLHA) has been reset at a rate of 5.42%.  The rate reflects the three year interest rate swap plus a margin of 1.70%.

The rate will be effective for the next three years, a period from 12 March 2011 to 12 March 2014.  Dividends will continue to be paid quarterly in March, June, September and December.

To view Quayside Holdings Limited Preference Shares Rate Reset Investors covering letter click here.