State Super Financial Services Australia
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Equity Holdings

Below are the equity stock holdings of SSFS funds.

Australian Equities - Top 50 Listing 30 November 2014

Rank Company Name Country Industry % AEQ of Sector Trust
1 Commonwealth Bank of Australia Australia Financials 7.91
2 Westpac Banking Corporation Australia Financials 5.82
3 BHP Billiton Limited Australia Materials 5.20
4 Telstra Corporation Limited Australia Telecomn. Servs. 5.00
5 National Australia Bank Limited Australia Financials 4.74
6 Australia and New Zealand Banking Group Limited Australia Financials 4.71
7 Wesfarmers Ltd TEMP Australia Consumer Staples 3.43
8 CSL Limited Australia Health Care 3.36
9 Woolworths Ltd Australia Consumer Staples 2.51
10 Suncorp Group Limited Australia Financials 1.90
11 Woodside Petroleum Ltd Australia Energy 1.87
12 Insurance Australia Group Limited Australia Financials 1.72
13 Rio Tinto Limited Australia Materials 1.45
14 Macquarie Group Limited Australia Financials 1.40
15 Origin Energy Limited Australia Energy 1.38
16 AGL Energy Limited Australia Utilities 1.33
17 DUET Group Australia Utilities 1.30
18 Transurban Group Ltd. Australia Industrials 1.26
19 Amcor Ltd Australia Materials 1.24
20 Ramsay Health Care Limited Australia Health Care 1.22
21 Sydney Airport Australia Industrials 1.13
22 Bendigo and Adelaide Bank Limited Australia Financials 1.01
23 Aurizon Holdings Ltd. Australia Industrials 1.00
24 Sonic Healthcare Limited Australia Health Care 0.93
25 Brambles Limited Australia Industrials 0.90
26 Westfield Corporation Australia Financials 0.85
27 Ansell Limited Australia Health Care 0.79
28 Oil Search Limited Australia Energy 0.77
29 Abacus Property Group Australia Financials 0.73
30 Computershare Limited Australia Information Techlgy. 0.73
31 AMP Limited Australia Financials 0.71
32 Seek Limited Australia Industrials 0.71
33 AusNet Services Australia Utilities 0.71
34 Scentre Group Australia Financials 0.70
35 Bank of Queensland Limited Australia Financials 0.69
36 Cromwell Property Group Australia Financials 0.67
37 Goodman Group Australia Financials 0.66
38 Duluxgroup Limited Australia Materials 0.64
39 QBE Insurance Group Limited Australia Financials 0.63
40 Spark Infrastructure Group Ltd. Australia Utilities 0.59
41 Orica Limited Australia Materials 0.57
42 Metcash Limited Australia Consumer Staples 0.54
43 Caltex Australia Limited Australia Energy 0.53
44 Spark New Zealand Limited Australia Telecomn. Servs. 0.50
45 Fletcher Building Limited Australia Materials 0.49
46 Charter Hall Retail REIT Australia Financials 0.47
47 Santos Limited Australia Energy 0.46
48 Tatts Group Limited Australia Consumer Discrtnry. 0.46
49 ASX Limited Australia Financials 0.45
50 BWP Trust Australia Financials 0.45

The above table represents the combined top 50 Australian equities held across the State Super Investment Fund - Class A and State Super Investment Fund - Class B, the State Super Retirement Fund (which issues the State Super Personal Retirement Plan, the State Super Allocated Pension Fund, the State Super Term Allocated Pension Fund, the State Super Tailored Super Plan, and the State Super Flexible Income Plan) as at the date stated. The actual equities held in each Fund may vary from that stated above.