NBR L.E.K Shareholder Scorecard: L.E.K. Consulting

Friday 14th December 2001

We were assisted in the preparation of the Scorecard by L.E.K. Consulting, a leading international corporate advisory firm on issues of strategy, mergers and acquisitions, and shareholder value (or value-based management). L.E.K. operates from 15 offices in Europe, Asia-Pacific and the US, and has around 400 professional staff world wide. Its first Australasian office was established in Sydney in 1986, and the firm is now well represented in the region with offices in Auckland, Sydney and Melbourne. Its clients include over 40 of the top 100 companies in New Zealand and Australia.

LEK's experience covers a broad range of industries, ranging from large, government-owned utilities to small entrepreneurial technology firms. Further details of shareholder rate of return can be obtained from Joanne Keestra (J_keestra@lek.com) in L.E.K.'s Auckland office, or Colin Smith (C_smith@lek.com) in L.E.K.'s Melbourne office.

CONTACT DETAILS
L.E.K. Consulting	L.E.K. Consulting
Level 34	Level 10
Royal & SunAlliance Centre	IBM Centre
48 Shortland Street	60 City Road
PO Box 105-480	Southbank
Auckland 1	VIC3006
New Zealand	Australia
Tel: 64 9 976 6400	Tel: 61 3 9645 9966
Fax: 64 9 976 6444	Fax: 61 3 9645 9588
Website: www.lek.com
E-mail: score@lek.com

L.E.K. Consulting is not a licensed financial adviser and does not provide investment advice for individual investors. The firm offers no opinion on the future performance of individual stocks, nor the market as a whole, and views expressed in this publication should not be taken as constituting investment advice.

Always consult an appropriately qualified and authorised investment adviser before deciding whether to invest in any of the companies listed in the Scorecard.

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