CAPITAL GAINS TAX INDEXES. FTSE ASFA Australia All-Share ex 100 Index. FTSE ASFA Australia All-Share Index. Index. Tax-Adjusted Versions.

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1 RESEARCH REPORT FEBRUARY 18 Index Series Index Series Introduction Superannuation funds in rely on indexes to benchmark their fund s performance, communicate this to their members and assess the performance of their fund managers. Traditionally superannuation funds have used indexes calculated on a pretax basis for benchmarking purposes. This can create a misalignment between superannuation funds and their managers as some investment decisions are attractive on a pretax basis but harm aftertax performance. As part of a wider industry initiative to move to aftertax performance measurement and reporting, an increasing number of superannuation funds are now measuring their fund managers on an aftertax basis using the Index Series. Whilst designed primarily for benchmarking purposes, the index series can also be used as the basis for the creation of indexlinked products such as Exchange Traded Funds (ETFs), structured products and other derivatives. Index Series Key Benefits Broad investable coverage of the n equity market Industry standard aftertax benchmarks tailored for each type of investor: superannuation funds, hightax, midtax and tax exempt Flexibility for superannuation funds and other investors to select from a range of aftertax benchmarks that best suits their needs A new dimension of granularity for performance attribution at the tax level Independently governed by the FTSE Asia Pacific Regional Advisory Committee, comprising senior investment professionals who will ensure the series continues to evolve with market needs Index Series AUSTRALIA INDEX SERIES NONTAX ADJUSTED INDEXES Large Cap Index Index Features Index 1) Apply tax to income in index? 2) Include franking credits attached to dividends? 3) Include franking credits and capital gains tax from participation in offmarket 4) Include both realised and unrealised effects of capital gains tax? () Reinvest franking credits daily or annually Mid Cap 1 Index NonTax Index FRANKING CREDIT INDEXES 3 Index Small Cap Index AllShare ex Index TaxAdjusted Versions CAPITAL GAINS TAX INDEXES AllShare Index Sector Indexes Tax Exempt Superannuation Super Dividends Mid Tax High Tax (daily or annually) (daily or annually) (daily) (daily ) Table of Contents Introduction & Index Series Overview 1 AllShare Index Large Cap Index 9 Index 11 Mid Cap 1 Index 13 Index 1 3 Index 17 3 ex OMBB Cumulative Franked Index Small Cap Index AllShare ex 22 DTA Capping Table 24 FEATURES The index series includes non taxadjusted indexes across 8 market segments and sectors in addition to a range of aftertax benchmarking solutions for each tax bracket Taxadjusted franking credits indexes are available for all types of investors. These include the effects of franking credits and offmarket buybacks and use varying tax rates for: Tax Exempt Superannuation Funds Midtax Bracket Investors Hightax Bracket Investors Superannuation funds and tax exempt investors have an alternative tax adjusted version which excludes offmarket buybacks An additional set of capital gains tax indexes are available for superannuation funds which calculate the effects of capital gains tax in addition to franking credits and offmarket buybacks CDIs and investment trusts are excluded to benefit investors by removing duplicate holdings in diversified portfolios Investors are better positioned to capture investment opportunities associated with Small Cap companies via a dynamic AllShare Index The series is independently governed and freely available index rules are overseen by an independent committee of leading market professionals 19 : Features of Franking Credit Indexes : Features of Capital Gains Tax Indexes * Super Dividends indexes only apply tax to income, and when compared with the superannuation indexes allow Source: FTSE Russell 1 of 24

2 AllShare ex 3 AllShare Sectors Index Series February 18 Index Series Index Universe INFORMATION Index Universe Ordinary and preferred equity securities listed on the n Securities Exchange (ASX) Large Cap Index Value for the Capital Gains Tax Indexes at 27 February 4 Index Value for All Other Indexes at 4 September 9 Investability Screen Free float adjusted, size and liquidity screened Index Calculation EndofDay Mid Cap 1 History Available from 27 February 4 98 Small Cap EndofDay Distribution Indexes available at 19:1 Sydney Local Time via FTP and Currency AUD TAX EXEMPT SUPERANNUATION MID TAX HIGH TAX The following indexes are included in the Index Series on a taxadjusted and unadjusted basis: AllShare Index This index comprises all companies within the top 98 of the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements. Review Dates Quarterly in March, June, September and December Index Rules Available at Vendor Codes See page 4 or contact info@ftserussell.com Large Cap Index This index comprises the largest companies by full market capitalisation of the AllShare Index. Index This index comprises the largest companies by full market capitalisation of the AllShare Index. Mid Cap 1 Index This index comprises the next 1 largest companies by full market capitalisation. Index This index combines the constituents of the Large Cap Index and Mid Cap 1 Index. 3 Index This index comprises the 3 largest companies within the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements. 3 ex OMBB Cumulative Franked Index This index comprises the 3 largest companies within the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements. The index excludes offmarket buybacks from the index calculation and has been created for the tax exempt and superannuation tax brackets. The index accumulates franking credits on a daily basis and reinvests the credits at the end of the financial year. INDUSTRY CLASSIFICATION BENCHMARK (ICB) The indexes are calculated in accordance with the Industry Classification Benchmark (ICB), the global standard for industry sector analysis The ICB contains four classification levels: Industries (x1), Supersectors (x19), Sectors (x41) and Subsectors (x114) Global presence ICB is adopted by stock exchanges representing over 6 of the world s market capitalisation Small Cap Index This index comprises the companies within the top 98 of the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements, but excluding the companies in the Large Cap Index and Mid Cap 1 Index. AllShare ex Index This index comprises the AllShare Index excluding the top companies Source: FTSE Russell 2 of 24

3 Index Series February 18 Index Methodology Overview Eligible Companies A Company incorporated in and listed on the n Securities Exchange is usually eligible for inclusion in the Index Series review universe. If a company is not incorporated in but has its primary listing as determined by liquidity in, the FTSE Asia Pacific Regional Advisory Committee normally allocate that company to, however, they may also take other factors into account. Securities such as CHESS Depositary Receipts, convertible preference shares and loan stocks, companies whose primary business is to hold equity and other investments, Exchange Traded Funds (ETFs) and companies whose share price is a direct derivation of the values of its holdings (e.g. mutual funds) are not considered as eligible for index inclusion. Further details of the index methodology can be found on The following publications are available by contacting your local FTSE Russell Client Services team or info@ftserussell.com. Dividend Treatment Cash and special dividends are included in the total return calculations of the Index Series based on their exdividend dates. The imputation (franking) credits attached to dividend distributions are included in the tax adjusted total return calculations but not in the standard total return calculations of the Index Series. Offmarket Buyback Treatment A security must be a constituent of the index for at least 4 days prior to the announcement of an offmarket buyback to have the offmarket buyback effects included in the total return calculations of the Index Series. In the NonTax Adjusted indexes and ex OffMarket BuyBack indexes, offmarket buybacks will be applied in the index calculation at the same time as in the taxadjusted indexes. However, the index calculation will be in line with onmarket buybacks whereby the buyback shares are removed at the official closing price of the security. Taxation Treatment Total return indexes based on the tax brackets of four different categories of investors are calculated. The total return indexes take into account taxation on dividend distributions (income tax and medicare levy) and the capital gains tax on the sale of the shares for offmarket buybacks. The CGT indexes take into account the capital gains tax treatment associated with the normal sale of index shares. Capital Gains Tax Treatment Both realised and unrealised indexes will be calculated on a daily basis as part of the CGT indexes. The realised index takes into account capital gains tax events as and when they occur in the calculation of the index. The unrealised index assumes on a daily basis that the entire index holdings are sold; this provides an indication of whether the index has accumulated any unrealised capital gains, or any unrealised capital losses (i.e. deferred tax assets). Deferred tax assets are calculated on an uncapped basis. The indexes assume that no cash is held as part of the index calculation. Index Reviews The FTSE Asia Pacific Regional Advisory Committee meets quarterly to review the constituents of the Large Cap Index, Mid Cap 1 Index, Index, and Small Cap Index. Constituent changes are implemented on the first trading day following the third Friday of the same month. Data used in the review process is taken after the close of business on the last working day of February, May, August and November. The universe and companies included in the Index, 3 Index, AllShare ex Index, and AllShare Index are reviewed semiannually in March and September using data after the close of business on the last working day of February and August. At review constituents are screened for size, liquidity, and free float. Buffers are used in the selection process of constituents to reduce any unwanted index turnover. Constituent changes are implemented on the first trading day following the third Friday of the review month. New Issues If a new issue is so large that its full market capitalisation amounts to 1. or more of the full capitalisation of the AllShare Index the FTSE Asia Pacific Regional Advisory Committee will normally decide to include the new issue after the close of business on the first day of official trading. New issues of companies which do not qualify for early entry but which meet the criteria for eligible securities will be eligible for inclusion at the next semiannual review if large enough to become constituents of the AllShare index. FTSE Asia Pacific Regional Advisory Committee The FTSE Asia Pacific Regional Advisory Committee governs the ongoing management of these indexes to ensure they continue to meet the needs of index users. The committee is made up of senior superannuation investment professionals and finance industry experts acting independently to advise on the creation of new indexes, any enhancements to the methodology and to ensure that the index series evolves with any changes in the market environment. Source: FTSE Russell 3 of 24

4 Index Series February 18 Commentary in February The following performance analysis looks at the Indexes from the perspective of a Superannuation fund. The Index in February finished the month up.6 per cent, with the AllShare Index up.46 per cent. Large Cap companies outperformed Small Cap companies, with the Large Cap Index up. per cent, 2.83 per cent greater than the Small Cap Index. The FTSE ASFA Mid Cap 1 Index had even better performance finishing the month up 1.16 per cent. The 3 Index was up.47 per cent, with the Index up.1 per cent. Breaking down the returns of the Index on a financial year to date basis the price return has contributed a positive.21 per cent, with the pretax income return and franking credits from dividends contributing 3.19 per cent and 1.11 per cent, respectively. Returns from offmarket buybacks have contributed.1 per cent over the 1718 financial year. The index has not had any capital gains tax financial year to date, and is sitting on unrealised CGT liability of 3.9 per cent as at the end of February. Small Cap companies have had the best price returns financial year to date, with the Small Cap Index up per cent on a price return basis, with the Large Cap companies of the Large Cap Index having the largest pretax income contribution of 3.31 per cent. The Large Cap Index has had the highest pretax contribution from franking credits with 1.18 per cent year to date. Large Cap companies have also contributed from offmarket buybacks with the Large Cap Index showing a positive return of.1 per cent. Financial year to date the Mid Cap 1 Index has the highest volatility within the Index Series at per cent. The AllShare Index has the lowest volatility with 9.47 per cent. This compares to a volatility of 11.2 per cent and 1.68 per cent respectively for the 1617 financial year. The Index has a volatility of 9.6 per cent financial year to date. As at the end of February, the Large Cap Index accounts for per cent of the AllShare Index, with the 3 constituents of the Small Cap Index accounting for 3.86 per cent. The top ten constituents of the Large Cap Index account for 8.4 per cent of the index, compared to 46.8 per cent of the Index and 4.11 per cent of the AllShare Index. This compares to 1. per cent for the top ten constituents of the Small Cap Index. Health Care was the best performing industry in the AllShare Index up 9.2 per cent in February, with Technology being the second best performer up 1.7 per cent. Telecommunications was the worst performing industry followed by Oil & Gas down.43 per cent and 3.24 per cent, respectively. With an index weighting of per cent and 1 constituents, Financials is the largest industry in the Index, down.22 per cent in weighting compared to the previous month. This compares to a weighting of.41 per cent in the Large Cap Index, and per cent in the AllShare Index. Within the Small Cap Index Financials has 3 constituents, and accounts for 19.7 per cent. Vendor Codes Large Cap Index Bloomberg IRESS Tax Exempt TFASLXA FAUSLXTR Superannuation TFASLSA FAUSLSTR Realised CGTAdjusted FATSLS Mid Tax TFASLMA FAUSLMTR High Tax TFASLHA FAUSLHTR Index Bloomberg IRESS Tax Exempt TFAUSOXA FAUSOXTR Superannuation TFAUSOSA FAUSOSTR Realised CGTAdjusted FATSOS Mid Tax TFAUSOMA FAUSOMTR High Tax TFAUSOHA FAUSOHTR Mid Cap 1 Index Bloomberg IRESS Tax Exempt TFASMXA FAUSMXTR Superannuation TFASMSA FAUSMSTR Realised CGTAdjusted FATSMS Mid Tax TFASMMA FAUSMMTR High Tax TFASMHA FAUSMHTR Index Bloomberg IRESS Tax Exempt TFASLMXA FAUSLMXTR Superannuation TFASLMSA FAUSLMSTR Realised CGTAdjusted FATSLMS Mid Tax TFASLMMA FAUSLMMTR High Tax TFASLMHA FAUSLMHTR 3 Index Bloomberg IRESS Tax Exempt TFAUSTXA FAUSTXTR Superannuation TFAUSTSA FAUSTSTR Realised CGTAdjusted FATSTS Mid Tax TFAUSTMA FAUSTMTR High Tax TFAUSTHA FAUSTHTR Small Cap Index Bloomberg IRESS Tax Exempt TFASSXA FAUSSXTR Superannuation TFASSSA FAUSSSTR Realised CGTAdjusted FATSSS Mid Tax TFASSMA FAUSSMTR High Tax TFASSHA FAUSSHTR AllShare ex Index Bloomberg IRESS Tax Exempt TFASXXA FAUSXXTR Superannuation TFASXSA FAUSXSTR Realised CGTAdjusted FATSXS Mid Tax TFASXMA FAUSXMTR High Tax TFASXHA FAUSXHTR AllShare Index Bloomberg IRESS Tax Exempt TFASAXA FAUSAXTR Superannuation TFASASA FAUSASTR Realised CGTAdjusted FATSAS Mid Tax TFASAMA FAUSAMTR High Tax TFASAHA FAUSAHTR Source: FTSE Russell 4 of 24

5 Index Return Index Rebased (28 Feb 13 = ) AllShare Index February 18 Index Overview This AllShare Index comprises all companies within the top 98 of the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements. The index is reviewed semiannually to ensure the representativeness of the index. AllShare Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed.7 per cent to the AllShare Index return financial year to date. Pretax income return and franking credits from dividends contributed 3.1 per cent and 1.9 per cent, respectively. The index has realised.1 per cent of capital gains tax financial year to date, and is sitting on unrealised CGT liability of 3.86 per cent as at the end of February. AllShare Index AllShare Index AllShare Index AllShare Index Realised CGTAdjusted Attribution of AllShare Index CGT by Financial Year () (1) # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return # Unrealised CGT / DTA at Financial Year End way Review Turnover 2way Forced Turnover Source: FTSE Russell as at February 18. Past performance is no guarantee of future results of 24

6 AllShare Index Superannuation Industry Indices AllShare Index Superannuation Industry Indices Indices Superannuation Indices Superannuation AllShare Index February 18 Relative Performance against AllShare Index 1 Month 1 Year Large Cap.6 Large Cap 2. Mid Cap 1..7 Mid Cap Small Cap Small Cap AllShare ex.42 AllShare ex Relative Performance.. Relative Performance Basic Materials.31 Basic Materials Consumer Goods.91 Consumer Goods 13. Consumer Services.7 Consumer Services 2.31 Financials.8 Financials 7.27 Health Care 9.6 Health Care 24. Industrials Oil & Gas Industrials Oil & Gas Technology 1.29 Technology Telecommunications.89 Telecommunications3.3 Utilities 2.77 Utilities Relative Performance.... Relative Performance Index Series Characteristics Attributes Number of Constituents Full MCap (AUDm) AllShare Index Net MCap (AUDm) Tax Exempt Grossed Up Dividend Yield () Constituent Sizes (Net MCap AUDm) Average Largest Smallest Median Weight of Largest Constituent () Top 1 Holdings ( Index MCap) Large Cap Index 1,298, ,21, ,3 133,83 3,863 14, Index Mid Cap 1 Index ,449, ,27 1,7, 1,, Index 3 Index Small Cap Index AllShare ex Index AllShare Index ,34,892 39,17 1,688,792 1,734,34 67, ,696 1,76,87 1,1 172,81 1,621, ,641 2,141 7,892, ,34 133,83 9, ,83 133,83 1,99 3,2 133, ,11 1,41 2,3 1, Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 6 of 24

7 Volatility AllShare Index February 18 Index Series Historical Volatility Large Cap Index Index Mid Cap 1 Index Index 3 Index Small Cap Index AllShare ex Index AllShare Index Index volatility is calculated on a rolling 1 days basis. Index Series Historical Volatility Table Large Cap Index Index Mid Cap 1 Index Index 3 Index Small Cap Index AllShare ex Index AllShare Index * Based on annualised daily log returns. ** Based on annualised weekly log returns. *** Based on annualised monthly log returns. 1YR * ** YR *** 1314 * 141 * 116 * 1617 * 17 18# * Index Series Historical Correlation against AllShare Index Large Cap Index Index Mid Cap 1 Index Index 3 Index Small Cap Index AllShare ex Index * Based on annualised daily log returns. ** Based on annualised weekly log returns. *** Based on annualised monthly log returns. 1YR * ** YR *** * 141 * 116 * 1617 * # * Index Series Historical Tracking Error against AllShare Index Large Cap Index Index Mid Cap 1 Index Index 3 Index Small Cap Index AllShare ex Index * Based on annualised daily log returns. ** Based on annualised weekly log returns. *** Based on annualised monthly log returns. 1YR * ** YR *** 1314 * 141 * * 1617 * 17 18# * Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 7 of 24

8 AllShare Index February 18 AllShare Index Historical Performance Table Price / Total Return (AUD) AllShare Index CGT^ AllShare Index CGT^ 1M M M Calendar Year Performance YTD Financial Year Performance YR YR pa YR pa Yield # Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities AllShare Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight CBA WBC BHP ANZ Commonwealth Bank of Westpac Banking Corp BHP Billiton Ltd & New Zealand Banking Group 133,83 14,392 97,927 8, NAB National Bank, CSL CSL Pharmaceuticals 73, WES Wesfarmers Home Improvement Retailers 46, TLS Telstra Corp Fixed Line Telecommunications 39, WOW Woolworths Group Food Retailers & Wholesalers 3, RIO Rio Tinto Ltd. Totals 33, , Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 8 of 24

9 Index Return Index Rebased (28 Feb 13 = ) Large Cap Index February 18 Index Overview The Large Cap Index comprises the largest companies by full market capitalisation of the AllShare Index. The index is reviewed quarterly to ensure the representativeness of the index. Large Cap Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed 3.4 per cent to the Large Cap Index return financial year to date. Pretax income return and franking credits from dividends contributed 3.31 per cent and 1.18 per cent, respectively. The index has realised.1 per cent of capital gains tax financial year to date, and is sitting on unrealised CGT liability of 2.93 per cent as at the end of February. Large Cap Index Large Cap Index Large Cap Index Large Cap Index Realised CGTAdjusted Attribution of Large Cap Index CGT by Financial Year () (1) (1) # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return # Unrealised CGT / DTA at Financial Year End way Review Turnover 2way Forced Turnover Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 9 of 24

10 Large Cap Index February 18 Large Cap Index Historical Performance Table Price / Total Return (AUD) Large Cap Index CGT^ Large Cap Index CGT^ 1M 3M Calendar Year Performance Financial Year Performance # M YTD YR YR pa YR pa Yield Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities Large Cap Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight CBA WBC BHP Commonwealth Bank of Westpac Banking Corp BHP Billiton Ltd 133,83 14,392 97, ANZ NAB CSL WES & New Zealand Banking Group National Bank CSL Wesfarmers Pharmaceuticals Home Improvement Retailers 8,266,6 73,9 46, TLS WOW Telstra Corp Woolworths Group Fixed Line Telecommunications Food Retailers & Wholesalers 39,739 3, RIO Rio Tinto Ltd. Totals 33, , Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 1 of 24

11 Index Return Index Rebased (28 Feb 13 = ) Index February 18 Index Overview The Index comprises the largest companies by full market capitalisation of the AllShare Index. The index is reviewed semiannually to ensure the representativeness of the index. Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed 4.38 per cent to the Index return financial year to date. Pretax income return and franking credits from dividends contributed 3.2 per cent and 1.14 per cent, respectively. The index has realised.1 per cent of capital gains tax financial year to date, and is sitting on unrealised CGT liability of 3.63 per cent as at the end of February. Index Index Index Index Realised CGTAdjusted Attribution of Index CGT by Financial Year () (1) # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return # Unrealised CGT / DTA at Financial Year End way Review Turnover 2way Forced Turnover Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 11 of 24

12 Index February 18 Index Historical Performance Table Price / Total Return (AUD) Index CGT^ Index CGT^ 1M M 6M Calendar Year Performance YTD YR YR pa Financial Year Performance YR pa Yield # Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight CBA Commonwealth Bank of 133,83 WBC Westpac Banking Corp BHP BHP Billiton Ltd ANZ & New Zealand Banking Group NAB National Bank CSL CSL 14,392 97,927 8,266,6 Pharmaceuticals 73, WES Wesfarmers Home Improvement Retailers 46, TLS Telstra Corp Fixed Line Telecommunications 39, WOW Woolworths Group Food Retailers & Wholesalers 3, RIO Rio Tinto Ltd. 33, Totals 731, Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 12 of 24

13 Index Return Index Rebased (28 Feb 13 = ) Mid Cap 1 Index February 18 Index Overview The Mid Cap 1 Index comprises the next 1 largest companies by full market capitalisation. The index is reviewed quarterly to ensure the representativeness of the index. Mid Cap 1 Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed per cent to the Mid Cap 1 Index return financial year to date. Pretax income return and franking credits from dividends contributed 2.6 per cent and.82 per cent, respectively. The index has realised. per cent of capital gains tax financial year to date, and is sitting on unrealised CGT liability of 3.78 per cent as at the end of February. Mid Cap 1 Index Mid Cap 1 Index Mid Cap 1 Index Mid Cap 1 Index Realised CGTAdjusted Attribution of Mid Cap 1 Index CGT by Financial Year 1 1 () # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return # Unrealised CGT / DTA at Financial Year End way Review Turnover 2way Forced Turnover Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 13 of 24

14 Mid Cap 1 Index February 18 Mid Cap 1 Index Historical Performance Table Price / Total Return (AUD) Mid Cap 1 Index CGT^ Mid Cap 1 Index CGT^ 1M M Calendar Year Performance 1 6M YTD YR Financial Year Performance YR pa YR pa.79 Yield # Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities Mid Cap 1 Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight 1 BSL Bluescope Steel Iron & Steel 9,138 2 BLD Boral Building Materials & Fixtures 9,114 3 A2M a2 Milk Biotechnology 8,2 4 TAH Tabcorp Holdings Gambling 8,689 CPU Computershare Financial Administration 8, CGF Challenger ORI Orica SEK Seek Life Insurance 7,183 Specialty Chemicals 6,997 Business Training & Employment Agencies 6,938 IPL Incitec Pivot Ltd Specialty Chemicals 6, 1 AWC Alumina Aluminum,79 Totals 77, Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 14 of 24

15 Index Return Index Rebased (28 Feb 13 = ) Index February 18 Index Overview The Index combines the constituents of the Large Cap Index and Mid Cap 1 Index. The index is reviewed quarterly to ensure the representativeness of the index. Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed.21 per cent to the Index return financial year to date. Pretax income return and franking credits from dividends contributed 3.19 per cent and 1.11 per cent, respectively. The index has realised.1 per cent of capital gains tax financial year to date, and is sitting on unrealised CGT liability of 3.9 per cent as at the end of February. Index Index Index Index Realised CGTAdjusted Attribution of Index CGT by Financial Year () (1) # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return # Unrealised CGT / DTA at Financial Year End way Review Turnover 2way Forced Turnover Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 1 of 24

16 Index February 18 Index Historical Performance Table Price / Total Return (AUD) Index CGT^ Index CGT^ 1M Calendar Year Performance M 6M YTD YR 6. Financial Year Performance pa YR pa 9.1 Yield YR # Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight CBA WBC BHP ANZ Commonwealth Bank of Westpac Banking Corp BHP Billiton Ltd & New Zealand Banking Group 133,83 14,392 97,927 8, NAB National Bank, CSL CSL Pharmaceuticals 73, WES Wesfarmers Home Improvement Retailers 46, TLS Telstra Corp Fixed Line Telecommunications 39, WOW Woolworths Group Food Retailers & Wholesalers 3, RIO Rio Tinto Ltd. 33, Totals 731, Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 16 of 24

17 Index Return Index Rebased (31 Dec 12 = ) 3 Index February 18 Index Overview The 3 Index comprises the 3 largest companies within the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements. The index is reviewed semiannually to ensure the representativeness of the index. 3 Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed. per cent to the 3 Index return financial year to date. Pretax income return and franking credits from dividends contributed 3.16 per cent and 1.1 per cent, respectively. The index has realised.1 per cent of capital gains tax financial year to date, and is sitting on unrealised CGT liability of 3.92 per cent as at the end of February. 3 Index 3 Index 3 Index 3 Index Realised CGTAdjusted Attribution of 3 Index CGT by Financial Year () (1) # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return Unrealised CGT / DTA at Financial Year End 2way Review Turnover 2way Forced Turnover # Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 17 of 24

18 3 Index February 18 3 Index Historical Performance Table Price / Total Return (AUD) 3 Index CGT^ 3 Index CGT^ 1M Calendar Year Performance Financial Year Performance M 1.9 6M YTD YR YR pa YR pa Yield # Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities 3 Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight 1 CBA Commonwealth Bank of 133, WBC BHP ANZ NAB Westpac Banking Corp BHP Billiton Ltd & New Zealand Banking Group National Bank 14,392 97,927 8,266, CSL CSL Pharmaceuticals 73, WES Wesfarmers Home Improvement Retailers 46, TLS Telstra Corp Fixed Line Telecommunications 39, WOW Woolworths Group Food Retailers & Wholesalers 3, RIO Rio Tinto Ltd. 33, Totals 731, Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 18 of 24

19 Index Return Index Rebased (28 Feb 13 = ) 3 ex OMBB Cumulative Franked Index February 18 Index Overview This index comprises the 3 largest companies within the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements. The index excludes offmarket buybacks from the index calculation and has been created for the tax exempt and superannuation tax brackets. The index accumulates franking credits on a daily basis and reinvests the credits at the end of the financial year. 3 ex OMBB Cumulative Franked Index Price /Total Return (AUD) Performance Highlights Price returns contributed. per cent to the 3 ex OMBB Cumulative Franked Index return financial year to date. Pretax income return and franking credits from dividends contributed 3.16 per cent and 1.4 per cent, respectively. 3 ex OMBB Cumulative Franked 3 ex OMBB Cumulative Franked Attribution of 3 ex OMBB Cumulative Franked Index by Financial Year Price Return Income Return Franking Credits Contribution Income Tax () (1) # Financial Year End Price Return Income Return Franking Credits Contribution Income Tax Total Return # Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 19 of 24

20 Index Return Index Rebased (28 Feb 13 = ) Small Cap Index February 18 Index Overview The Small Cap Index comprises the companies within the top 98 of the eligible universe when ranked by full market capitalisation that meet the stated eligibility requirements, but excluding the companies in the Large Cap Index and Mid Cap 1 Index. Small Cap Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed per cent to the Small Cap Index return financial year to date. Pretax income return and franking credits from dividends contributed 1.64 per cent and.49 per cent, respectively. The index has not had any capital gains tax financial year to date, and is sitting on deferred tax assets of.44 per cent on an uncapped basis as at the end of February. Small Cap Index Small Cap Index Small Cap Index Small Cap Index Realised CGTAdjusted Attribution of Small Cap Index CGT by Financial Year 3 1 (1) () (3) # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return # Unrealised CGT / DTA at Financial Year End way Review Turnover 2way Forced Turnover Source: FTSE Russell as at February 18. Past performance is no guarantee of future results of 24

21 Small Cap Index February 18 Small Cap Index Historical Performance Table Price / Total Return (AUD) Small Cap Index CGT^ Small Cap Index CGT^ 1M M Calendar Year Performance 1 6M YTD YR Financial Year Performance pa YR pa YR # Yield Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities Small Cap Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight LYC APX ASL Lynas Corp Appen Ausdrill Computer Services Business Support Services 1, ELD Elders Farming & Fishing BIN Bingo Industries Waste & Disposal Services KDR Kidman Resources BLA Blue Sky Alternative Investments Specialty Finance GOR Gold Road Resources Gold Mining RCR Rcr Tomlinson Industrial Machinery 662 NWH NRW Holdings Heavy Construction Totals 7, Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 21 of 24

22 Index Return Index Rebased (28 Feb 13 = ) AllShare ex Index February 18 Index Overview The AllShare ex Index comprises the AllShare Index excluding the top companies when ranked by full market capitalisation. The index is reviewed semiannually to ensure the representativeness of the index. AllShare ex Index Year Performance Price / Total Return (AUD) Performance Highlights Price returns contributed 16.7 per cent to the AllShare ex Index return financial year to date. Pretax income return and franking credits from dividends contributed 2.16 per cent and.66 per cent, respectively. The index has not had any capital gains tax financial year to date, and is sitting on deferred tax assets of 1.66 per cent on an uncapped basis as at the end of February. AllShare ex Index AllShare ex Index AllShare ex Index AllShare ex Index Realised CGTAdjusted Attribution of AllShare ex Index CGT by Financial Year () (1) (1) # Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Unrealised Capital Gains Tax (CGT) / Deferred Tax Assets (DTA) at Financial Year End Price Return Income Return Franking Credits Contribution OffMarket BuyBack (Net of Tax) Tax on Grossed Up Dividends Realised Capital Gains Tax (CGT) Realised CGTAdjusted Total Return # Unrealised CGT / DTA at Financial Year End way Review Turnover 2way Forced Turnover Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 22 of 24

23 AllShare ex Index February 18 AllShare ex Index Historical Performance Table Price / Total Return (AUD) AllShare ex Index CGT^ AllShare ex Index CGT^ 1M Calendar Year Performance Financial Year Performance # M M YTD 1YR YR pa YR pa Yield Note: NonTax Adjusted and Super Dividends indexes do not incorporate franking credits and the aftertax effects of offmarket buybacks in the index calculation. ^ Realised CGTAdjusted Total Return Index Year Historical Industry Breakdown Industry Breakdown Basic Materials Consumer Goods Consumer Services Financials Health Care Industrials Oil & Gas Technology Telecommunications Utilities AllShare ex Index Top 1 Constituents Rank Local Code Constituent ICB Subsector Net MCap (AUDm) Weight Industry Weight 1 NHF NIB Holdings Ltd. Health Care Providers 3, MTS Metcash Food Retailers & Wholesalers 3, SGM Sims Metal Management Iron & Steel 2, CHC Charter Hall Group Diversified REITs 2, MIN Mineral Resources 2, CSR IGO BPT ALU SBM CSR Independence Group NL Beach Energy Altium St Barbara Building Materials & Fixtures Exploration & Production Software Gold Mining Totals 2,6 2,439 2,339 2,187 2,14 26, Source: FTSE Russell as at February 18. Past performance is no guarantee of future results 23 of 24