WYNYARD GROUP LIMITED INTERIM FINANCIAL STATEMENTS

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1 Wynyard Limited Interim Financial Statements WYNYARD GROUP LIMITED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2016 POWERFUL SOFTWARE. FIGHTING SERIOUS CRIME.

2 Wynyard Limited Interim Financial Statements CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2016 Note 12 months Revenue 12,781 12,236 24,662 Other income Total revenue and other income 12,863 12,409 25,145 Operating expenses (38,022) (25,461) (57,112) Operating loss before depreciation, amortisation, impairment, financing, foreign exchange and tax (25,159) (13,052) (31,967) Depreciation and amortisation (7,248) (6,202) (13,317) Impairment (4,440) - - Loss before financing, foreign exchange and tax (36,847) (19,254) (45,284) Finance income Foreign exchange gains/(losses) (841) 1,601 1,114 Loss before income tax (37,457) (17,386) (43,353) Income tax benefit/(expense) 1,186 (211) (702) Loss from continuing operations attributable to the shareholders of the company (36,271) (17,597) (44,055) Other comprehensive income items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations (303) Total other comprehensive income/(loss) for the period (303) Total comprehensive loss attributable to shareholders of the company (36,102) (17,525) (44,358) Earnings per share Basic earnings per share (dollars) 2 (0.23) (0.15) (0.34) Diluted earnings per share (dollars) 2 (0.23) (0.15) (0.34) The accompanying notes form an integral part of these consolidated interim financial statements

3 Wynyard Limited Interim Financial Statements CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2016 Share Capital Share-based Payment Reserve Foreign Currency Translation Reserve Accumulated Losses Total Equity Balance at 1 January ,919 2,051 (367) (74,405) 66,198 Net loss after tax (36,271) (36,271) Other comprehensive income/(loss) Foreign currency translation Total comprehensive income/(loss) (36,271) (36,102) Transactions with owners: Issue of shares (net of issue costs) (Note 8) 29, ,544 Issue of shares in lieu of consultancy services fees (Note 8) Transfer from share based payment reserve of exercised employee LTIP vested shares (Note 8) Accrued cost of share-based employee benefits (Note 9 and 10) 62 (62) Total transactions with owners 29, ,328 Balance as at 168,629 2,669 (198) (110,676) 60,424 The accompanying notes form an integral part of these consolidated interim financial statements

4 Wynyard Limited Interim Financial Statements CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2016 Share Capital Share-based Payment Reserve Foreign Currency Translation Reserve Accumulated Losses Total Equity Balance at 1 January , (64) (30,350) 67,051 Net loss after tax (17,597) (17,597) Other comprehensive income/(loss) Foreign currency translation Total comprehensive income/(loss) (17,597) (17,525) Transactions with owners: Issue of shares (net of issue costs) (Note 8) 38, ,967 Paid up cost of exercised employee LTIP vested shares (Note 8) Transfer from share based payment reserve of exercised employee LTIP vested shares (Note 8) Accrued cost of share-based employee benefits (Note 9 and 10) (24) Total transactions with owners 39, ,624 Balance as at 135,793 1,296 8 (47,947) 89,150 Balance at 1 January , (64) (30,350) 67,051 Net loss after tax (44,055) (44,055) Other comprehensive income/(loss) Foreign currency translation - - (303) - (303) Total comprehensive income/(loss) - - (303) (44,055) (44,358) Transactions with owners: Issue of shares (net of issue costs) (Note 8) 41, ,494 Issue of shares in lieu of consultancy services fees (Note 8) Paid up cost of exercised employee LTIP vested shares (Note 8) Transfer from share based payment reserve of exercised employee LTIP vested shares (Note 8) Accrued costs of share-based employee benefits (Note 9 and 10) (64) , ,303 Total transactions with owners 42,266 1, ,505 Balance as at 138,919 2,051 (367) (74,405) 66,198 The accompanying notes form an integral part of these consolidated interim financial statements

5 Wynyard Limited Interim Financial Statements CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2016 Note ASSETS Current Assets Cash and cash equivalents 14,679 41,068 14,919 Current tax receivable Derivative financial instruments Trade and other receivables 4 8,927 18,222 17,851 23,760 59,860 32,874 Non Current Assets Deferred tax asset 1, Trade and other receivables 4 2,880 1,689 1,740 Property, plant and equipment 5 2,484 2,414 2,850 Intangible assets 6 43,147 42,317 44,685 50,074 46,574 49,535 Total Assets 73, ,434 82,409 LIABILITIES Current Liabilities Current tax payable Derivative financial instruments Trade and other payables 7 12,587 16,638 14,773 12,756 16,814 15,540 Non Current Liabilities Deferred tax liability Trade and other payables Total Liabilities 13,410 17,284 16,211 NET ASSETS 60,424 89,150 66,198 EQUITY Contributed equity 8 168, , ,919 Share-based payment reserve 2,669 1,296 2,051 Foreign currency translation reserve (198) 8 (367) Accumulated losses (110,676) (47,947) (74,405) TOTAL EQUITY 60,424 89,150 66,198 The accompanying notes form an integral part of these consolidated interim financial statements

6 Wynyard Limited Interim Financial Statements CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2016 Note 12 months CASH FLOWS FROM OPERATING ACTIVITIES Cash was provided from: Receipts from customers 11,442 11,141 24,652 Grants received Other income Interest received ,405 11,606 12,011 26,512 Cash was applied to: Payments to suppliers and employees (30,291) (25,226) (58,130) Interest paid - - (12) Income taxes paid (315) (483) (1,063) (30,606) (25,709) (59,205) Net cash flows from operating activities (19,000) (13,698) (32,693) CASH FLOWS FROM INVESTING ACTIVITIES Cash was applied to: Purchase of property, plant and equipment 5 (274) (703) (1,678) Purchase of other software 6 (33) (57) (82) Capitalised software development costs 6 (9,563) (8,013) (16,987) Net cash flows from investing activities (9,870) (8,773) (18,747) CASH FLOWS FROM FINANCING ACTIVITIES Cash was provided from: Proceeds from capital contributed 8 32,124 40,149 43,053 32,124 40,149 43,053 Cash was applied to: Payment of costs for issue of new shares 8 (2,580) (1,033) (1,162) (2,580) (1,033) (1,162) Net cash flows from financing activities 29,544 39,116 41,891 Net increase/decrease in cash held ,645 (9,549) Cash and cash equivalents at start of period 14,919 23,371 23,371 Effect of exchange rate changes on cash (914) 1,052 1,097 Cash and cash equivalents at end of period 14,679 41,068 14,919 The accompanying notes form an integral part of these consolidated interim financial statements

7 Wynyard Limited Interim Financial Statements CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2016 RECONCILIATION OF OPERATING CASH FLOW WITH NET LOSS AFTER TAX 12 months Net loss after tax (36,271) (17,597) (44,055) Adjustments: Depreciation Amortisation 6,690 5,817 12,419 Impairment 4, Bad and doubtful debts 2,683 (4) 50 Change in fair value of financial instruments (332) (411) 544 Deferred tax (1,174) (274) (479) Share-based compensation ,303 Unrealised foreign exchange (gains)/losses 1,269 (1,188) (1,296) Changes in working capital items (excluding the effects of exchange differences on consolidation): (Increase)/decrease in trade & other receivables 5,105 (6,873) (6,553) Increase/(decrease) in trade & other payables (2,332) 5,941 4,376 (Increase)/decrease in current tax receivable (50) (18) (26) Increase/(decrease) in current tax payable (266) Net cash flows from operating activities (19,000) (13,698) (32,693) The accompanying notes form an integral part of these consolidated interim financial statements

8 Wynyard Limited Interim Financial Statements NOTES TO THE FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE BASIS OF ACCOUNTING Reporting Entity Wynyard Limited (the Company) is a profit-oriented company incorporated and domiciled in New Zealand, registered under the Companies Act 1993 and listed on the New Zealand Securities Exchange (NZSX). The Company is an FMC Reporting Entity under the Financial Markets Conduct Act The interim financial statements (the financial statements) are presented for Wynyard Limited and its subsidiaries (together referred to as Wynyard or the ) at, and for the six months ended,. Basis of Preparation The financial statements have been prepared in accordance with New Zealand Generally Accepted Accounting Practice (NZ GAAP). They comply with the requirements of International Accounting Standard (IAS) 34 Interim Financial Reporting and with the New Zealand Equivalent to International Accounting Standard NZ (IAS) 34 Interim Financial Reporting. These financial statements do not include all the information required for full financial statements and consequently should be read in conjunction with the financial statements and related notes included in Wynyard s Annual Report for the year ended (2015 Annual Report). The interim financial statements of the have been prepared in accordance with the requirements of the Financial Reporting Act 2013, the Financial Markets Conduct Act 2013 and the New Zealand Stock Exchange (NZX). The is a Tier 1 For-profit Entity in terms of the External Reporting Board A1 reporting framework. The functional and reporting currency used in the preparation of the financial statements is New Zealand dollars, rounded to the nearest thousand ($000). The interim financial statements were approved for issue by the Board of Directors on 23 August Accounting Policies and Standards The accounting policies set out in the 2015 Annual Report have been applied consistently to all periods presented in these financial statements. There have been no new accounting standards adopted during the period. Significant Accounting Estimates and Judgements Application of Wynyard s accounting policies requires the use of estimates. The estimates are based on historical experience and other factors that are believed to be reasonable. Actual results may differ from these estimates. The areas of significant estimation and critical judgements are the same as those disclosed in the 2015 Annual Report. Going Concern The reported a loss after tax of $36,271,000 for the ended (year ended : $44,055,000) and operating cash outflows of $19,000,000 (year ended : $32,693,000). As at the had net current assets of $11,004,000 (: $17,334,000). After making enquires, it is the considered view of the directors that the Company and will have access to adequate resources to continue operations for at least a period of 12 months from the date of signing these interim financial statements. In presenting the interim financial statements, the directors have considered the appropriateness of the adoption of the going concern assumption. This included an assessment of the level of funds available and the achievability of the financial performance and cash flow forecasts covering the period to 31 December These forecasts have been approved by the Board, including the appropriateness of the assumptions underlying those forecasts, and include the $10 million, one year revolving credit facility provided by Skipton Building Society, which was signed on 10 August 2016 (refer to Note 14 Subsequent Events) and associated performance covenants. The key assumptions and judgements in the forecasts include the ability of management to execute and achieve forecast sales and associated cash flows over the period and in particular over the next 3-12 months, continuing the planned product release programme and the ongoing review of expenditure on operating and software development costs to be able to operate within the funds on hand and facilities available over the forecast period. The directors acknowledge that certain assumptions inherent in the cash flow forecasts, including forecast sales and the associated cash flows involve significant judgement and the existence of material uncertainties in relation to the s ability to continue as a going concern. The directors are in the process of undertaking a strategic review of the s operations and product portfolio. This review also includes an assessment of the plans should one of more of these material uncertainties result in an adverse impact on the forecast cash position of the.

9 Wynyard Limited Interim Financial Statements Nevertheless, after considering the material uncertainties described above, the directors have a reasonable expectation that the will continue to operate as a going concern for the foreseeable future and the financial statements do not include any adjustments that would result if the Company was unable to continue as a going concern. Certain Comparatives Restated Certain comparative balances have been reclassified and restated to conform with changes in presentation and classification adopted in the current period. 2. EARNINGS PER SHARE 12 months Basic earnings per share Net loss after tax ($'000) (36,271) (17,597) (44,055) Issued ordinary shares (refer Note 8) 178,166, ,293, ,319,877 Weighted average of issued ordinary shares 159,468, ,571, ,905,643 Basic earnings per share (dollars) (0.23) (0.15) (0.34) Diluted earnings per share Diluted earnings per share (dollars) (0.23) (0.15) (0.34) 3. DERIVATIVE FINANCIAL INSTRUMENTS To manage the s foreign exchange risk arising from future commercial transactions the utilises forward foreign exchange contracts to manage the exposures in each foreign currency (Australian Dollar, British Pound, Canadian Dollar, and United States Dollar). The s foreign currency forward exchange contracts measured at fair value are as follows: Fair Value: Foreign currency forward exchange contracts (liability)/assets (149) 474 (481) (149) 474 (481) Contractual amounts of forward exchange contracts oustanding were as follows: Contractual commitments to sell the equivalent of NZD 3,895 4,880 9,380 3,895 4,880 9,380 Derivative financial instruments have been determined to be within level 2 of the fair value hierarchy. Foreign currency forward exchange contracts have been fair valued with reference to forward exchange contracts that are quoted in active markets.

10 Wynyard Limited Interim Financial Statements 4. TRADE AND OTHER RECEIVABLES Current Trade receivables 5,224 4,659 5,763 Unbilled revenue 4,720 5,260 5,264 Provision for doubtful debts (2,739) (95) (60) Net current trade receivables and unbilled revenue 7,205 9,824 10,967 Prepayments 1,097 7,834 6,195 Sundry receivables ,927 18,222 17,851 Non Current Unbilled revenue 2,880 1,689 1,740 2,880 1,689 1,740 Total trade and other receivables 11,807 19,911 19, PROPERTY, PLANT AND EQUIPMENT Opening balance 2,850 1,975 1,975 Additions ,678 Disposals (7) - - Depreciation (558) (385) (898) Currency translation (75) Closing balance 2,484 2,414 2, INTANGIBLE ASSETS Opening balance 44,685 39,973 39,973 Additions of capitalised software development costs 7,796 5,107 10,965 Additions of externally supplied development costs 1,767 2,906 6,022 Additions of other purchased software Amortisation (6,690) (5,817) (12,419) Impairment (4,440) - - Currency translation (4) Closing balance 43,147 42,317 44,685 Impairment As a result of a strategic review of the technology platform and product portfolio conducted during the period, two product development streams were identified as not meeting the requisite criteria for further investment. The capitalised development software costs associated with both product streams have been fully impaired this period.

11 Wynyard Limited Interim Financial Statements 7. TRADE AND OTHER PAYABLES Current: Trade payables 1,973 6,334 2,955 Employee entitlements 5,049 4,314 5,075 Accrued expenses 1,054 2, Revenue billed in advance 4,372 3,601 5,629 Other payables ,587 16,638 14,773 Non Current: Revenue billed in advance Total trade and other payables 13,024 16,921 15,356

12 Wynyard Limited Interim Financial Statements 8. CONTRIBUTED EQUITY Ordinary Shares Number Balance at 1 January ,826,694 96,653 Paid up cost of exercised employee LTIP vested shares 120, Transfer from share based payment reserve of exercised employee LTIP vested shares - 24 Issue of new shares by private placement 22,346,369 40,000 Transaction costs for issue of new shares - (1,033) Balance as at 138,293, ,793 Balance at 1 January ,826,694 96,653 Paid up cost of exercised employee LTIP vested shares 320, Transfer from share based payment reserve of exercised employee LTIP vested shares - 64 Issue of shares in lieu of consultancy services fees 162, Issue of new shares by private placement 22,346,369 40,000 Issue of new shares by share purchase plan 1,607,402 2,582 Issue of new shares for staff share scheme 57, Transaction costs for issue of new shares - (1,162) Balance as at 140,319, ,919 Balance at 1 January ,319, ,919 Issue of shares in lieu of consultancy services fees 54, Transfer from share based payment reserve of exercised employee LTIP vested shares - 62 Issue of new shares by renounceable rights issue 37,792,890 32,124 Transaction costs for issue of new shares - (2,580) Balance as at 178,166, ,629 Current Period In exchange for consultancy services received from Transformation Services LLC, a total of 54,000 shares were issued during the year at an issue price of $1.92. On 31 March 2016, Wynyard Limited received gross proceeds of $32,124,000 from the allotment of 37,792,890 new ordinary shares at an issue price of $0.85 per share from a 1 for 4 renounceable rights issue. Transaction costs directly related to the issue of new shares from the rights issue of $2,580,000 being primarily commitment fees were incurred in this transaction and reduce the share proceeds received. Prior Periods Three executives exercised their vested FY13 shares issued under the employee long term incentive plan. The 320,000 shares were fully paid to $1.24 per share. In exchange for consultancy services received from Transformation Services LLC, a total of 162,000 shares were issued during the year at an issue price of $1.92. On 12 June 2015, Wynyard Limited received gross proceeds of $40,000,000 from the allotment of 22,346,369 new ordinary shares at an issue price of $1.79 per share from a private placement. On 10 July 2015, Wynyard Limited received gross proceeds of $2,582,000 from the allotment of 1,607,402 new ordinary shares at an issue price of $1.606 per share from a shareholder share purchase plan. Transaction costs directly related to the issue of new shares from the private placement of $1,162,000 being primarily placement fees were incurred in this transaction and reduce the share proceeds received. On 22 October 2015, Wynyard Limited received proceeds of $74,000 from the allotment of 57,412 new ordinary shares issued to employees under the Wynyard Staff Share Scheme. Further details of the above transactions are disclosed in the Annual Report for the year ended.

13 Wynyard Limited Interim Financial Statements 9. SHARE BASED PAYMENTS The operates an equity-settled share based employee long term incentive plan for selected executives and employees. The plan is designed to enhance the alignment between shareholders and those executives and employees most able to influence the performance of the. Movement in Ordinary Shares The movement in the number of ordinary shares outstanding under the employee long term incentive plan is as follows: Number Number Number ORDINARY SHARES Opening unvested shares 4,448,000 2,616,000 2,616,000 Issue of partly paid shares - 2,290,000 2,290,000 Issue of fully paid shares 50, , ,000 Vested during the period (2,046,138) (1,248,000) (1,248,000) Redeemed and cancelled during the period (110,000) (120,000) (120,000) Closing unvested shares - allocated to employees 2,341,862 4,288,000 4,448,000 Percentage of total ordinary shares 1.31% 3.10% 3.17% Aging of unvested shares: Balance of shares to vest within one year 1,117,596 2,606,605 2,606,605 Balance of shares to vest after one year but not more than two years Balance of shares to vest after two years but not more than three years 1,154,268 1,147,596 1,200,932 69, , ,463 2,341,862 4,288,000 4,448,000 Exercise of vested shares: Opening balance of vested shares 928, Vested during the period 2,046,138 1,248,000 1,248,000 Exercised during the period (32,736) (120,000) (320,000) Closing balance of vested shares 2,941,402 1,128, ,000

14 Wynyard Limited Interim Financial Statements Movement in Ordinary Options The movement in the number of share options outstanding under the employee long term incentive plan is as follows: Number Number Number OPTIONS Opening unvested options 1,662,000 2,424,000 2,424,000 Granted during the period 250,000 90, ,000 Vested during the period (1,090,032) (1,152,000) (1,152,000) Closing unvested options - allocated to employees 821,968 1,362,000 1,662,000 Aging of unvested options: Balance of options to vest within one year 319,320 1,208,024 1,208,024 Balance of options to vest after one year but not more than two years Balance of options to vest after two years but not more than three years 319, , , ,332 17, , ,968 1,362,000 1,662,000 Exercise of vested options: Opening balance of vested options 1,152, Vested during the period 1,090,032 1,152,000 1,152,000 Exercised during the period Closing balance of vested options 2,242,032 1,152,000 1,152,000 Valuation of Ordinary Shares and Options Issued The weighted average fair value of the ordinary shares and options granted during the period determined using the Black-Scholes valuation model is as follows: Valuation of ordinary shares & options issued Weighted average fair value of issues $1.33 $0.48 $0.59

15 Wynyard Limited Interim Financial Statements 10. RELATED PARTY TRANSACTIONS The entered into the following transactions with related parties during the period: Transactions with related parties - received/(paid) 12 months Jade Software Corporation Ltd and its subsidiaires Development and support services provided by Wynyard 1,027 1,444 2,465 Services provided under the Umbrella Services Agreement (3,844) (2,999) (7,970) On-charge of costs at no additional margin (46) (123) (165) Skipton Building Society Software licence, hosting, maintenance & support agreements Loan facility arrangement fee (197) - - Renounceable rights issue commitment fee (213) - - Key management personnel Salaries, bonuses and other benefits (1,929) (1,806) (2,333) Share based payments (457) (490) (806) Post-employment benefits (55) (39) (51) The had balances payable or receivable with related parties at the end of the period: Balances receivable at end of the period Jade Software Corporation Ltd and its subsidiaries Skipton Building Society Balances payable at end of the period Jade Software Corporation Ltd and its subsidiaires (714) (547) (845)

16 Wynyard Limited Interim Financial Statements Jade Software Corporation Limited and subsidiaries ( Jade ) Wynyard and its businesses originally formed part of the Jade group of companies. On 1 April 2013, the Wynyard was separated from the Jade in preparation for an Initial Public Offering and listing on the New Zealand Stock Exchange. Umbrella Services Agreement Wynyard and Jade entered into an umbrella services agreement on 24 May 2013 which provides for the following services: a. JADE development and support services provided by Wynyard; b. Software application maintenance and support services provided by Jade; c. Server hosting and remote management services provided by Jade; d. Administration services provided by Jade; e. Server hosting and communication infrastructure services provided by Jade in respect of the Wynyard s software development server; f. JADE software licence granted by Jade. On-charge of Costs In addition to the above fees charged under the Umbrella Services Agreement, Jade on-charged to Wynyard various costs incurred by Jade on behalf of Wynyard at no additional margin. These costs include travel exspenses, employee entitlements, contractor and consultants costs, staff related expenses and other operating costs. Skipton Building Society Skipton Building Society ( Skipton ) owns 100% of Skipton Investments Ltd. Skipton Investments Limited is a significant shareholder in Wynyard and the majority shareholder in Jade Software Corporation Limited. Software Related Transactions The Wynyard has entered into contracts with Skipton in the ordinary course of business. These contracts are for: a. Software licence, maintenance and hosting related to the Wynyard Intelligence product; b. Software licence, maintenance and support related to the Wynyard Risk Management product; c. Development services. Credit Facility In February 2016 Skipton provided Wynyard with a $10 million short term credit facility to provide Wynyard with liquidity in the lead up to the 31 March 2016 renounceable rights issue (Refer to Note 8 Contributed Equity). This facility was not drawn on however Wynyard did incur an arrangement fee in relation to the facility. A subsequent credit facility has been provided by Skipton post balance date (refer Note 14 Subsequent Events). Renounceable Rights Offer Commitment Wynyard issued 251,152 shares at an issue price of $0.85 per share to Skipton in return for a commitment by Skipton to take up all of their entitlement under the renounceable rights offer (refer Note 8 Contributed Equity) and to take up any shortfall of new shares under that same offer. Further details of related party transactions are disclosed in the Annual Report for the year ended. Directors Consulting fees and expenses of $8,000 (FY2015: $20,000) were paid to Louis Grever during the period for services performed outside his directorship duties. Key Management Personnel Compensation Key management personnel comprise the Chief Executive Officer and members of the Executive Team.

17 Wynyard Limited Interim Financial Statements 11. SEGMENTS Operating Segment Information The Chief Executive Officer and members of the Executive Team are the s chief operating decision makers. They have determined that based on the information they use for the purposes of allocating resources and assessing performance, the itself forms a single operating segment. Geographical Segment Information Revenue is allocated to geographical segments on the basis of where the customer resides: 12 months Sales to external customers Asia Pacific 5,236 5,300 11,925 Europe, Middle East, Africa 5,932 4,218 9,436 Americas 1,613 2,718 3,301 Total Sales to external customers 12,781 12,236 24,662 Non current assets New Zealand 46,899 44,305 47,593 United Kingdom 2,154 1, Australia North America Total non current assets 50,074 46,574 49, COMMITMENTS The leases offices under non-cancellable operating lease arrangements. The lease terms are between and 8 years. The future aggregate minimum lease payments under non-cancellable operating leases are as follows: Operating lease commitments Payable within one year 2,019 1,729 1,727 Payable later than one year, but not more than five years 5,212 3,887 3,515 Payable later than five years 2, ,494 5,616 5,242 Wynyard has a capital commitment of $360,000 in relation to the fit out of new premises at 181 High Street, Christchurch, for a lease commencing in September 2016.

18 Wynyard Limited Interim Financial Statements 13. CONTINGENCIES Joint and Several Liability for Jade Taxes Wynyard Limited and Wynyard (NZ) Limited have joint and several liabilities for certain income tax and other tax categories relating to certain past periods when both companies were part of the Jade Tax Consolidated. Further details are disclosed in the Annual Report for the year ended. 14. SUBSEQUENT EVENTS Revolving Standby Credit Facility On 10 August 2016 Wynyard entered into a $10 million revolving standby credit facility agreement provided by Skipton Building Society, a related party (refer Note 10 Related Party Transactions). The facility expires on 31 August 2017, is secured over the s assets and requires the to abide by certain financial covenants and to give certain negative undertakings. The loan incurs arrangement and commitment fees, drawdown fees of 8%, and is subject to a 15% per annum interest rate on any amounts drawn. There were no other material events subsequent to the financial reporting date.

19 Wynyard Limited Interim Financial Statements POWERFUL SOFTWARE. FIGHTING SERIOUS CRIME.

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