Vector Limited · NZX:VCT

Vector — H1 2008 Earnings Presentation

12 slides from Vector's earnings presentation, Feb 14, 2008

1. Slide 1: 2007/08 half year results supporting information

   (4 Vector 2007/08 half year results supporting information 14 February 2008 Analyst supporting information 14 February

2. Slide 2: +,- *$ ## & ## & ' & . 0&# +,- * 00& .#&

   ! " "# $ +,- *$ ## & ## & ' & . 0&# +,- * 00& .#& %#& 0 &. () * / & &. % & ##&# ! " "# $ () * 1 2 /& 1 3 . 4 & 2 - "5" ".&0 41 3 . 4.&0 2 6 "" 4# 7 8 ) " * 490: . &0 1 3 . 490: & 2 ; <49 /#&# 1 3 . 49 # & 2 + +,- *$ 9 &# 1 3 . 49 & 2 +,- *$ 9 & 1 3 . 49 #.&. 2 * +,- *$ 9 #&. 1 3 . 49 #& 2

3. Slide 3: . /& ./ & % & :# & ; ! " 1#0 & 1#0

   ! " "# $ 65 . /& ./ & % & :# & ; ! " 1#0 & 2 1#0 & 2 % & 1 & 2 +,- *$ ## & ## & ' & . 0&# $ E 1 .& 2 1. & 2 ' &. 1 .& 2 +,- * 00& .#& %#& 0 &. ( ! 1 #& 2 1 .& 2 '.& 1 # & 2 +D &. &0 ' .& & *! 1# &/2 1#0&#2 ' & /& 7 - 1#& 2 1 & 2 ' &# 1 & 2 () * / & &. % & ##&# () * 1 2 /& & % & #&# - "5" " .&0 .&0 .

4. Slide 4: = ( " #: &0 :/ & ' &/ :/ & +D :/. &

   = ! " "# $ ( " 19 2 #: &0 :/ & ' &/ :/ & +D 19 2 :/. & : /& ' &. :/#.& ( " 1 " ' D 2 . & . &0 % & . & 1>2 ( 5 1! 2 & &# % & & +,- *$ 5 1>2 & & ' & .&# +,- * 5 1>2 # & # & % &# #0& 5 " " (B-6 < " D "& F " 5 " 5 ? : 5 D " " (B-6 & ( " " ? &( ! = " " & 5 " "< & ! "# $ % * < " 5 "< " "E ) ,,,' 5 " " & %

5. Slide 5: # /&/ # & ' & +,- *$ &# & '0& F % =

   ! " "# $ 65 19 2 # /&/ # & ' & +,- *$ 19 2 &# & '0& 1 F 2 % = "I : . : ' & %F : . : # % & / -, -0- -, - ) ( * * % = " 0 0:./. 0 /: / ' &# %F . : . . : ## ' & / , +, - . ()* () * + * + , + & % 5" < " 5 < " " 8 % < = " 8 % 5 & * < = " &.> 0:0#. F : < & > = " < =: " & > " F < =8 < . 1 F 2 " : < : " & H

6. Slide 6: "19 #:. & #:. & ' &. H )+J % < # & #

   ! " "# $ "19 2 #:. & #:. & ' &. H )+J 19 2 % < # & # &/ ' .& % 7 # & #0&/ % &/ % ;- ) &. & ' &0 + < = " :/ . = " $ & * ! " ! " & A " " < C " : = "+ H * 1 +H*2& " " < " " = ": 7 = ") = &* " " " C ; = < ! " " 7 & .

7. Slide 7: # & #0#& % & +,- *$ & #.&. %.& ( "1)? * 00&.

   ! " "# $ 65 19 2 # & #0#& % & +,- *$ 19 2 & #.&. %.& ( "1)? 2 * 00&. & ' .&# $ & & %#&# 5 ( 1)? 2 0&0 # &0 % /& D " 1 21 2 0 :/ 0 : 0 %/& > KD 1 21 2 0: #: ' &0> 1)? 2 / ./ 1 2 - % ./) 0) /./) 1 % 2 1 2 + , % 2 % * 1 " " 2: " : " D " 1K) " 2 " " : " K) < " 5 . & 0> < " " : KD K "& ' % 65 "< 9. : < 5

8. Slide 8: "19 : & : . &. % &. H )+J % < /& &

   ! " "# $ "19 2 : 0 & : . &. % &. H )+J 19 2 % < /& & %#&/ % 7 0& 0& % &0 1= 2 * % < " " : . : . %% % " "1 < 2 : / : / %% $ .: .:.. ' &. $ < = 0: . :/// '#& ( % ! " "< 1% &0>2 ! " 5 " < &

9. Slide 9: #0& ##& '.& +,- *$ #&. #& ' &. + "19 #/&0 &0 '

   ! " "# $ 65 19 2 #0& ##& '.& +,- *$ 19 2 #&. #& ' &. + "19 2 #/&0 &0 ' & 1 23 4 5 % H 0& .&0 % & % + 7 0& &# %# &0 * * H " %( H+ 5 " - 1 > < "2& 65 < < 5" < 5" " &.> +,-*$ 9 #&. & /

10. Slide 10: +,- *$ 1# & & ' & ( ! #& .& '.& *! 1#

    ! " "# $ +,- *$ 1# & 2 1 & 2 ' & ( ! 1 #& 2 1 .& 2 '.& *! 1# &/2 1#0&#2 ' & ( " & //& ' . & K " : & : &. % .& +D :/. & : /& ' &. +,- *$ H " " 9& < = F " % ! " " 9#& & " 5 " < ! :- *: ; $5 1 " 362 ") : : & * G : "% )5 * + < 5" = < " < = : " "< & 6 7 H 5 " "< " " " & # $ " " 5 " ! A " # ? & : = " " 5

11. Slide 11: ' ' !" " & * " " < = < " & F

    ' ' 8 !" 6 " & * " " < = < 5 " & F < = < 5 : " " & 1 ' $ 96 * H 5 < < " ( 5 " " " " 5 A C 5 5" : " 5 5 & = D H H " " :< < 5 < 3 H & * " < " < H " "D & , 5 " 1 " %" " " 2 : ! : " "1 & &: 5 D 2 " & * H %" " & K " " " ) " H ! " & " : < 5 : H H " % D " & < : 5 : < < < H ": " 5 " &* < " < H H < = " < "&

12. Slide 12: " = & : !! F " " A : < = &* "

    " = " 5 " & : 8 !! 8 F " " A : < = < " " &* " " 5" : : D " & < < =< " : 5 : H H "+ H " 5 " 5 "& / " " :< 5 "5 5 " < * < " <" " " "& F < = < + H C " " " < 5 " 5 < " & ; ": ( + " 5 < " < : " " " " " " " &* " 5" =% " = " : " = " : % % " & 5 < " 5: ( < B "F " : " < 5 " < 3 -" % " < &F < "< ! " &

Vector — H1 2008 Earnings Presentation on 6ix