Spark NZ responds to TeamTalk target company statement

Spark New Zealand Limited
ARBN 050 611 277 Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand


MARKET RELEASE
23 March 2017

Spark New Zealand responds to TeamTalk target
company statement

Spark New Zealand responded to TeamTalk's target company statement and
independent adviser's report, which was released today.
Spark’s Chief Financial Officer, David Chalmers, said, “We believe the valuation
lacks real world credibility. The top end of the range represents a premium to the
last trading price before the Spark notice of intention of 369%, which is patently
absurd.
“This report asks shareholders to have enormous faith that the TeamTalk Board,
many of whom are the same team which has led TeamTalk into what Grant
Samuel refers to as the “ill-fated” acquisition of Farmside, and more recent
“disarray”, will deliver the huge improvement relied on in the valuation.”
The full details of the Spark offer are available at investors.sparknz.co.nz

- ENDS –

For media queries, please contact:
Richard Llewellyn
Head of Corporate Communications +64 (0) 27 523 2362

For investor relations queries, please contact:
Dean Werder
General Manager Finance and Business Performance +64 (0) 27 259 7176