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 (PEB) now understands that Novitas must either finalise or withdraw its proposed LCD before 9 June 2023 (NZT).</li><li>What has driven the change in dates? We understand the change in expected timing relates to language within the LCD of when PEB was added to the proposal (Cxbladder was added on 28 July 2022 versus the initial proposal of 9 June 2022). </li><li>What will happen on 9 June? PEB stated “we understand that there is no required announcement from Novitas upon passing the expiration date.”</li></ul>

Pacific Edge (PEB) now understands that Novitas must either finalise or withdraw its proposed LCD before 9 June 2023 (NZT).What has driven the change in dates? We understand the change in expected timing relates to language within the LCD of when PEB was added to the proposal (Cxbladder was added on 28 July 2022 versus the initial proposal of 9 June 2022). What will happen on 9 June? PEB stated “we understand that there is no required announcement from Novitas upon passing the expiration date.”

Pacific Edge (PEB): Updated LCD Decision Timing