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>Pacific Edge’s (PEB) 3Q23 test volumes highlight ongoing solid momentum with +36% year on year growth (same year on year growth as 2Q23)</li><li>Sequential growth was down -1%, however, Q3 is always seasonally soft and this year’s Q3 sequential performance is broadly consistent with prior periods</li><li>While a solid 3Q23 update, we expect the market’s focus to remain on this process for now.</li></ul>

Pacific Edge’s (PEB) 3Q23 test volumes highlight ongoing solid momentum with +36% year on year growth (same year on year growth as 2Q23)Sequential growth was down -1%, however, Q3 is always seasonally soft and this year’s Q3 sequential performance is broadly consistent with prior periodsWhile a solid 3Q23 update, we expect the market’s focus to remain on this process for now.

Pacific Edge (PEB): 3Q23 Update – Solid Momentum Continues