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Success Letter

FEI’s Success Letter is a regular series of newsletters provided with our compliments.
With the rapidly changing face of the global economy, we are committed to providing an informative and useful publication on what is occurring both here and abroad. It also provides us an opportunity to keep you up to date on what is happening here at FEI.

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FE Investments is a Non Bank Deposit Taker
0800 334 683
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Success Letter

FEI’s Success Letter is a regular series of newsletters provided with our compliments.
With the rapidly changing face of the global economy, we are committed to providing an informative and useful publication on what is occurring both here and abroad. It also provides us an opportunity to keep you up to date on what is happening here at FEI.

WP_Post Object ( [ID] => 1674 [post_author] => 1 [post_date] => 2016-11-30 02:35:09 [post_date_gmt] => 2016-11-30 02:35:09 [post_content] => After changing to a new Trustee (Supervisor) on 29th November 2016, we listened to your feedback and took on board that you'd like more communication from us to keep you up to date with what the company is up to. So from now on, you’ll hear from us not just when we send you our regular quarterly statements or your maturity letter and specials. [caption id="attachment_1696" align="aligncenter" width="760"]TK Shim and Mel Stewart Executive Directors of FE Investments TK Shim and Mel Stewart Executive Directors of FE Investments[/caption] We're writing to tell you some good news about FEI’s most recent development. We are very pleased to advise that FEI has entered into an agreement with WolfStrike Rentals Group Limited ("Wolfstrike"), an Australian publicly listed company. The agreement will result in Wolfstrike acquiring all of the shares of FEI by issuing shares in Wolfstrike. This will result in the shareholders of FEI holding the majority shareholding in Wolfstrike.

What is the effect of this transaction?

The effect of this transaction means FEI will now be fully owned by an Australian listed public company which has the ability to subscribe for further capital from time to time on the Australian Stock Exchange. Shareholders of FEI will now control WolfStrike as well as FEI.

Who is WolfStrike?

WolfStrike is a technology company and was established by New Zealander Ian Bailey (ex Cadmus Technology). It focuses on financing and management of rental contracts for technology solutions, particularly eftpos machines. WolfStrike also manages its own direct and agent-based sales network which provides a consistent flow of new deals to the rental company. It operates in both New Zealand and Australia.

Why we are doing this?

WolfStrike originates rental contracts which are in turn funded by FEI. FEI is growing and the agreement gives FEI a major new source of capital and funding to aid its future growth, considerably enhancing its financial prospects. FEI has been working with Ian Bailey of WolfStrike for 13 years and is a major financier to WolfStrike. WolfStrike’s business represents a large proportion of FEI’s loans and FEI has been integral to WolfStrike’s growth.

When is this happening?

An announcement was made at the WolfStrike AGM on 30th November about the acquisition and the directors expect the transaction to be concluded by April 1, 2017. The agreement is subject to the approval of the Reserve Bank of New Zealand and the Supervisor and all statutory procedures are being followed.

What this means for you?

Entry into the Australian market opens up new and exciting opportunities to FEI and enhances its financial strength.

Do you need to do anything?

As FEI will operate unchanged with the same staff and the same management, there is nothing you need to do. We assure you that your deposit will remain unchanged and interest and principal will be paid to you when due in the normal way. This is an exciting new development for FEI and we look forward to continuing and sharing our future growth with you. We thank you for the confidence and support you have shown in FEI and wish you well over the Christmas season. If you have any questions or queries please don’t hesitate to contact our Directors, Mel Stewart and TK Shim or myself, or alternatively refer to our website which will be updated with a full explanation.

Cherry Chen Deposits Registrar

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The

Success

Letter

success letter
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WP_Post Object ( [ID] => 1189 [post_author] => 1 [post_date] => 2016-11-23 04:33:06 [post_date_gmt] => 2016-11-23 04:33:06 [post_content] => In June 2006, the population of New Zealand was at 4,184.600 but by June 2016, our population grew to 4,693,000, an increase of 508,400 of additional people enjoying the beautiful scenery and fresh air of this country. What is more interesting is that it took six years for the New Zealand population to rise by 257,500 to 4,442,100 in June 2013 whereas it took a mere three years for it to rise by another 250,900 to reach 4,693,000. The chart below shows a steep increase in population number from June 2013 to June 2016: 201609-image001 The make-up of the population growth is made up of natural increases (births) and immigration. Natural increases have remained steady and averaged around 32,000 for the 10 years to June 2016 (ranging from 36,200 to 28,200). However, net immigration surged from June 2013 when it was at 7,900 to 69,100 in June 2016. Net immigration from June 2013 to June 2016 accounted for 66% of the population increases in that period. The chart below shows the contributions from natural increases and net immigration figures: 201609-image002 [post_title] => New Zealand Population Trends [post_excerpt] => In June 2006, the population of New Zealand was at 4,184.600 but by June 2016, our population grew to 4,693,000, an increase of 508,400 of additional people enjoying the beautiful scenery and fresh air of this country. What is more interesting is that it took six years for the New Zealand population to rise by 257,500 to 4,442,100 in June 2013 whereas it took a mere three years for it to rise by another 250,900 to reach 4,693,000. [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => new-zealand-population-trends [to_ping] => [pinged] => [post_modified] => 2016-11-28 06:46:54 [post_modified_gmt] => 2016-11-28 06:46:54 [post_content_filtered] => [post_parent] => 0 [guid] => https://api.fei.co.nz/?p=1189 [menu_order] => 5 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) Array ( [_edit_last] => Array ( [0] => 1 ) [_edit_lock] => Array ( [0] => 1481583658:1 ) [success_letter_header] => Array ( [0] =>

The

Success

Letter

success letter
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WP_Post Object ( [ID] => 1228 [post_author] => 1 [post_date] => 2016-11-23 22:32:40 [post_date_gmt] => 2016-11-23 22:32:40 [post_content] => For the year to December 2015, New Zealand economy generated 32,000 jobs resulting in the unemployment rate of 5.3%. 201603-image001   Job creation in the year to December 2015 was not evenly spread out in the country with Auckland generating most of the jobs. 201603-image002 The above chart shows that Auckland region created a monthly average of 1,933 new jobs. This would have significant repercussions for the housing and transport sectors in the Auckland region. It is interesting to see which sectors of the New Zealand economy generated jobs. Given the housing boom in the Auckland region, it is no surprise to see construction sector producing the majority of new jobs. 201603-image003 Construction sector created an average of 2,220 new jobs every month in the year to December 2015. Based on the above data, Auckland housing market was the key driver of job creation in the New Zealand economy. [post_title] => Alchemy of job creation in New Zealand [post_excerpt] => For the year to December 2015, New Zealand economy generated 32,000 jobs resulting in the unemployment rate of 5.3%. Job creation in the year to December 2015 was not evenly spread out in the country with Auckland generating most of the jobs. The above chart shows that Auckland region created a monthly average of 1,933 new jobs. This would have significant repercussions for the housing and transport sectors in the Auckland region. It is interesting to see which sectors of the New Zealand economy generated jobs. Given the housing boom in the Auckland region, it is no surprise to see construction sector producing the majority of new jobs. Construction sector created an average of 2,220 new jobs every month in the year to December 2015. Based on the above data, Auckland housing market was the key driver of job creation in the New Zealand economy. [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => alchemy-of-job-creation-in-new-zealand [to_ping] => [pinged] => [post_modified] => 2016-12-12 05:34:36 [post_modified_gmt] => 2016-12-12 05:34:36 [post_content_filtered] => [post_parent] => 0 [guid] => https://api.fei.co.nz/?p=1228 [menu_order] => 6 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) Array ( [_edit_last] => Array ( [0] => 1 ) [_edit_lock] => Array ( [0] => 1481520917:1 ) [success_letter_header] => Array ( [0] =>

The

Success

Letter

success letter
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FE Investments signs a deal with Wolfstrike, November 2016

Published November 30, 2016, Cherry Chen

FEI has entered into an agreement with WolfStrike, an Australian publicly listed company which lets WolfStrike acquire 100% of the shares in FEI. It effectively means FEI can list on the Australian Stock Exchange to give a new source of funding, helping future growth and enhancing the company’s financial prospects...

Click to read more

New Zealand Population Trends, September 2016

Published November 23, 2016, TK Shim

In June 2006, the population of New Zealand was at 4,184.600 but by June 2016, our population grew to 4,693,000, an increase of 508,400 of additional people enjoying the beautiful scenery and fresh air of this country. What is more interesting is that it took six years for the New Zealand population to rise by 257,500 to 4,442,100 in June 2013 whereas it took a mere three years for it to rise by another ...

Click to read more

Alchemy of job creation in New Zealand, March 2016

Published November 23, 2016

For the year to December 2015, New Zealand economy generated 32,000 jobs resulting in the unemployment rate of 5.3%. Job creation in the year to December 2015 was not evenly spread out in the country with Auckland generating most of the jobs. The above chart shows that Auckland region created a monthly average of 1,933 new jobs. This would have significant repercussions for the housing and transport...

Click to read more
FE Investments is a Non Bank Deposit Taker
0800 334 683