Capital Change Notice - Capital Bonds Allotment

Pursuant to NZX Listing Rule 3.13.1, Mercury NZ Limited announces that the following securities have been issued:

Section 1 - Issuer information

Name of issuer: Mercury NZ Limited (”Mercury”)

NZX ticker code: MCY050

Class of financial product: Unsecured, subordinated interest bearing capital bonds (“Capital Bonds”)

ISIN: NZMCYDG005C3

Currency: New Zealand Dollars ($)


Section 2 - Capital change details

Number issued: 250,000,000

Nominal value (if any): $1.00

Issue price per security: $1.00

Nature of the payment (for example, cash or other consideration): Cash

Amount paid up (if not in full): Fully paid up

Percentage of total class of Financial Products issued (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence): 100%

For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date): Not applicable

Reason for issue and specific authority for issue (the reason for change must be identified here): The proceeds of this Offer are intended to be used to refinance drawn debt relating to the acquisition of Trustpower Limited’s retail business and for general corporate purposes. Specific authority for issue: Board Resolutions dated 8 February and 22 April 2022

Total number of Financial Products of the Class after the issue (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue: 250,000,000

In the case of an acquisition of shares, whether those shares are to be held as treasury stock: Not applicable

Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made: Specific authority for issue - Board Resolutions dated 8 February and 22 April 2022. Rule 3.13.1

Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements): As set out in the terms sheet dated 5 May 2022 for the offer of the Capital Bonds

Date of issue: 13 May 2022


Section 3 - Authority for this announcement and contact person

Name of person authorised to make this announcement: William Meek, Chief Financial Officer

Contact person for this announcement: William Meek

Contact phone number: 0275 173 470

Contact email address: [email protected]

Date of release through MAP: 13 May 2022

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Announcement PDF