Positive Results at Final Session of National Broodmare Sale

7 August 2006

New Zealand Bloodstock's National Broodmare & Mixed Bloodstock Sale concluded at Karaka today with the final�189 of the�300 broodmares�catalogued for Sale.

Previously conducted together with the Weanling Sale in May, the Broodmare Sale's new August time slot looked a positive move as the Sale's average and aggregate surpassed last year's figures.

Total turnover for the Sale was�NZ$2,946,150 for�257 lots sold, with an overall average of NZ$11,464.

Over the two-day Sale, a total�of�194 broodmares�sold for an average of�NZ$12,927 and an aggregate of NZ$2,507,750. This reflected a 47% increase in average price from�NZ$8,794 last year, and a 68% increase in aggregate from NZ$1,495,050 for just 24 more lots sold this year.�The median also rose a huge 138% to NZ$5,350 from NZ$2,250 at the�Broodmare�Sale�in 2005.

The disappointment of the day was the Broodmare Session clearance rate which finished at 70%. Combined with the mixed session clearance of 86% this made for an overall clearance rate for the Sale of 72.6%.

NZB Marketing Manager, Petrea Vela, said there were mixed results over the course of the past two days. "We had�a full spectrum of quality�catalogued at this Sale and, true to current trends, those�horses with commercial appeal sold well but�it was tough going for less appealing pedigrees.�The shocking weather conditions deterred a few�and it was disappointing to not have found homes for more horses."

"That said, there is a distinct feeling of confidence in the market and it has been encouraging�to see a number of new names on the buyers list, no doubt boosted by the�recent changes to the�depreciation regime for mares in New Zealand.�It is also pleasing to see the participation we've had from overseas buyers, particularly buyers from Australia and�Korea."

Australian buyers including John Foote, Kieran Moore, Vin Cox, Colm Santry, and Bill Benson's Emerald Thoroughbreds�all featured in the results sheets.��

After New Zealand Bloodstock as agent with 34 purchases for NZ$367,900, the next leading buyer was Chang Sig Kim's United Bloodstock�who bought nine horses for Korean buyers, Mr Yoon and Mr Choi. The highest priced purchase of the nine was Zabeel mare, Island Pearl, at Lot 203, bought for NZ$50,000 in foal to Keeper.

Lot-234

�Lot 234 - Macanudo (Kingdom Bay x Pas de Course)

Kieran Moore accounted for the top priced mare of Day 2 when he paid NZ$100,000 for Macanudo (Kingdom Bay x Pas de Course). Carrying a positive test to champion sire Zabeel, the mare is also a half-sister to Real Success, dam of Queensland Oaks winner, Vouvray.�

This was not enough, however, to eclipse the top price for the Sale that was set on Day 1 by Lot 95, Angel Layne. The imported Grindstone mare was bought for NZ$135,000 by Stuart Munro.

The leading vendor of the Sale was Brent & Cherry Taylor's Trelawney Stud, with 22 horses sold for an aggregate of NZ$742,200 and average of NZ$33,736. Their draft included the top priced Lot, Angel Layne,�owned by Deborah Ho.

Day one's�morning session�was dedicated to mixed bloodstock with yearlings, two year olds, untried horses and�racehorses offered. The mixed stock sessions combined to record a clearance rate of 86%, with�61lots sold�for total takings of�NZ$402,500 and a combined average of NZ$6,605.�

The highlight of the mixed stock came in the Racehorse session, with Zabeel mare, Zeal (ex Namouna by Sadler's Wells) at Lot 48 purchased by prominent Australian bloodstock agent, John Foote, for NZ$80,000.�Foote also accounted for the third highest price of that session, a Stravinsky mare out of Gazebo (Snadee) at Lot 70 which he�bought for NZ$35,000.

2006 National Broodmare & Mixed Bloodstock Sale�
Final Results Summary

ALL SESSIONS COMBINED

LOTS CATALOGUED = 384
LOTS SOLD = 257
AGGREGATE = $2,946,150
AVERAGE = $11,464
MEDIAN = 4,000
CLEARANCE RATE = 73%

BROODMARE SALE SUMMARY

LOTS CATALOGUED = 300
2005 Total�Lots Catalogued = 255

LOTS SOLD = 194
2005 Lots sold = 170

AGGREGATE = $2,507,750
2005 Aggregate = $1,495,050 for�170 Lots Sold

AVERAGE = $12,927
2005 Average = $8,794

MEDIAN = $5,350
2005 Median = $2,250

CLEARANCE RATE = 70%
2005 Clearance = 76%

TOP BROODMARE LOTS

Lot Name Covered By Purchaser Price (NZ$)
95 Angel Layne (Grindstone) Van Nistelrooy (+) Mr SG Munro (Cambridge) $135,000
234 Macanudo (Kingdom Bay) Zabeel (+) Kieran Moore B'stock (NSW) $100,000
149 Dolce Veloce (Integra) Elusive City (+) P & T Lavin (Qld) $90,000
122 Cattrall (Catbird) Black Minnaloushe (+) Ms DR Groube (Thames) $77,500
109 Blanche Amelia (Grosvenor) One Cool Cat (+) Northwind Trust (Auckland) $60,000
283 Pretty Wicked (Sir Tristram) Thorn Park (+) NZB as agent (Matamata) $60,000
323 Street Car (Jetball) Johar (+) Canungva Pastoral Co. (Qld) $60,000
255 Monzahra (Montjeu) (racing & breeding prop.) Michael Otto B'stock (Auckland) $56,000
172 Fiordland (Stylish Century) Van Nistelrooy (+) P & T Lavin (Qld) $55,000
180 French Resistence (Peintre Celebre) Van Nistelrooy (+) Dean Thoroughbreds (Vic) $55,000
203 Island Pearl (Zabeel) Keeper (+) United Bloodstock (Korea) $50,000
231 Louvain (Last Tycoon) Van Nistelrooy (+) Mr NF Ridley (Ch'church) $50,000
304 Scenic Design (Theatrical) Savabeel (+) Darley Park (Cambridge) $41,000
349 Verlei (Blues Traveller) Viking Ruler (+) Kieran Moore B'stock (NSW) $40,000
380 Miss Ivy (Gold Brose) (not been to stud) Vin Cox B'stock (NSW) $40,000

+ = carrying positive test

LEADING BUYERS BY AGGREGATE

Purchaser No. Aggregate Top Lot
New Zealand Bloodstock Ltd (as agent) 34 $367,900 Lot 283 - $60,000
United Bloodstock Ltd (Korea) 9 $196,500 Lot 203 - $50,000
P & T Lavin (Qld) 3 $154,000 Lot 149 - $90,000
Kieran Moore Bloodstock Ltd (NSW) 2 $140,000 Lot 234 - $100,000
Mr S G Munro (Cambridge) 1 $135,000 Lot 95 - $135,000

LEADING VENDORS BY AGGREGATE

Vendor No. Aggregate Top Lot
Trelawney Stud 22 $742,200 Lot 95 - $135,000
Windsor Park Stud 9 $247,000 Lot 122 - $77,500
Rodmor Stud 4 $143,000 Lot 109 - $60,000
Whakanui Stud 3 $135,000 Lot 234 - $100,000
Seaton Park Ltd 10 $117,800 Lot 215 - $30,000

LEADING VENDORS BY AVERAGE (3 or more sold)

Vendor No. Average Top Lot
Whakanui Stud 3 $45,000 Lot 234 - $100,000
Rodmor Stud 4 $35,750 Lot 109 -�$60,000
Trelawney Stud 22 $33,736 Lot 95 - $135,000
Windsor Park Stud 9 $27,444 Lot�122 - $77,500�
Rivermonte Farm 5 $21,500 Lot 60�- $40,000

MIXED BLOODSTOCK SUMMARY (Day 1)

�Horse Type �Sold �Clear. Agg. Ave. �Top
Yearlings (15) �12 �86% $21,550 $1,796 Lot 14 - $6,500
Two-Year-Olds (18) �14 �88% $35,950 $2,568 Lot 22 - $7,500
Untried Horses (20) �19 �95% $92,700 $4,879 Lot 368 - $35,000
Racehorses (25) �16 �76% $252,700 $15,794 Lot 48 - $80,000
Overall Mixed Bloodstock (78) �61 �86% $402,900 $6,605 Lot 48 - $80,000

TOP MIXED LOTS

Lot Name Details Purchaser Price
48 Zeal (Zabeel x Namouna) (B.M) Racehorse John Foote Bloodstock (Qld) $80,000
60 Good Reason (Lord Ballina x Motive) (B.M) Racehorse Mrs M Liefting (Auckland) $40,000
70 Vinzky (Stravinsky x Gazebo) (B.M) Racehorse John Foote Bloodstock (Qld) $35,000
368 Zephyr (Zabeel x Rose Croix) (B.M) Untried Bloomsbury Stud (Matamata) $35,000
67 Sporty Spice (Carnegie x Yankee Gold) (B.M) Racehorse Mr RW Taylor (Cambridge) $28,000
34 Catbird x Better Clearance (B.F) Untried United Bloodstock (Korea) $25,000

For further�information please contact New Zealand Bloodstock Marketing Manager, Petrea Vela (+64 9 2980055 or petrea@nzb.co.nz).