D&O Ongoing Disclosures – Multiple

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 5-Oct-17
Director or senior manager giving disclosure
Full name(s):Cam Wallace
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:Chief Revenue Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:582,386
Number held in class after acquisition or disposal:757,458
Current registered holder(s):Cam Wallace
Registered holder(s) once transfers are registered:Cam Wallace
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
175,072
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:220,301
Current registered holder(s):Cam Wallace
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

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Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Air New Zealand
Date this disclosure made:
7-Dec-17
Date of last disclosure:
not applicable
(first disclosure)
Director or senior manager giving disclosure
Full name:
Karen Clayton
Name of listed issuer:
Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
General Counsel/
Company Secretary
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:
0
Number held in class after acquisition or disposal:52,174
Current registered holder(s):
Karen Clayton
Registered holder(s) once transfers are registered:
Karen Clayton
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
52,174
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products:
Nature of the affected relevant interest(s):
For that relevant interest-
Number held in class:
Current registered holder(s):
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Air New Zealand
Date this disclosure made:
7-Dec-17
Date of last disclosure: 10-Oct-17
Director or senior manager giving disclosure
Full name:
Nicholas Judd
Name of listed issuer:
Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Strategy, Networks and
Alliances
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:
127,913
Number held in class after acquisition or disposal:171,391
Current registered holder(s):
Nicholas Judd
Registered holder(s) once transfers are registered:
Nicholas Judd
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
43,478
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:
21,109
Current registered holder(s):
Nicholas Judd
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 22-Sep-17
Director or senior manager giving disclosure
Full name(s):Jodie King
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:Chief People Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:288,600
Number held in class after acquisition or disposal:417,441
Current registered holder(s):Jodie King
Registered holder(s) once transfers are registered:Jodie King
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
128,841
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:58,366
Current registered holder(s):Jodie King
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 22-Sep-17
Director or senior manager giving disclosure
Full name(s):John Whittaker
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Air Operations & People
Safety Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:271,340
Number held in class after acquisition or disposal:400,181
Current registered holder(s):John Whittaker
Registered holder(s) once transfers are registered:John Whittaker
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
128,841
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:309,428
Current registered holder(s):John Whittaker
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 1-Nov-17
Director or senior manager giving disclosure
Full name(s):Mike Tod
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Marketing &
Customer Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:426,207
Number held in class after acquisition or disposal:555,048
Current registered holder(s):Mike Tod
Registered holder(s) once transfers are registered:Mike Tod
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
128,841
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:100,199
Current registered holder(s):Mike Tod
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 22-Sep-17
Director or senior manager giving disclosure
Full name(s):Christopher Luxon
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:CEO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:1,629,509
Number held in class after acquisition or disposal:2,123,712
Current registered holder(s):Christopher Luxon
Registered holder(s) once transfers are registered:Christopher Luxon
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
494,203
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:3,621,105
Current registered holder(s):Christopher Luxon
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products:
Restricted Rights convertible
to Ordinary Shares
("Restricted Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
terms of the Restricted Rights
For that relevant interest-
Number held in class:659,715
Current registered holder(s):Christopher Luxon

Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 10-Nov-17
Director or senior manager giving disclosure
Full name(s):Bruce Parton
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:Chief Operations Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:612,401
Number held in class after acquisition or disposal:797,908
Current registered holder(s):Bruce Parton
Registered holder(s) once transfers are registered:Bruce Parton
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
185,507
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:222,606
Current registered holder(s):Bruce Parton
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 10-Nov-17
Director or senior manager giving disclosure
Full name(s):Rob McDonald
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:CFO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:652,106
Number held in class after acquisition or disposal:848,048
Current registered holder(s):Rob McDonald
Registered holder(s) once transfers are registered:Rob McDonald
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
195,942
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:290,184
Current registered holder(s):Rob McDonald
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 22-Sep-17
Director or senior manager giving disclosure
Full name(s):David Morgan
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:
Chief Operational Integrity
& Standards Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class before acquisition or disposal:420,374
Number held in class after acquisition or disposal:543,128
Current registered holder(s):David Morgan
Registered holder(s) once transfers are registered:David Morgan
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Rights to acquire
Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:Rights issued at no cost
Number of financial products to which the transaction related:
122,754
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:491,230
avDavid Morgan
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Air New Zealand
Date this disclosure made:7-Dec-17
Date of last disclosure: 7-Dec-17
Director or senior manager giving disclosure
Full name(s):Christopher Luxon
Name of listed issuer:Air New Zealand
Name of related body corporate (if applicable):
Position held in listed issuer:CEO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Restricted Rights convertible
to Ordinary Shares
("Restricted Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with
terms of the Restricted Rights
For that relevant interest-
Number held in class before acquisition or disposal:659,715
Number held in class after acquisition or disposal:876,669
Current registered holder(s):Christopher Luxon
Registered holder(s) once transfers are registered:Christopher Luxon
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure
Date of transaction:
30-Nov-17
Nature of transaction:
Issue of Restricted Rights to
acquire Ordinary Shares upon
satisfaction of terms
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
Restricted Rights
issued at no cost
Number of financial products to which the transaction related:
216,954
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:not applicable
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products: Ordinary Shares (NZX:AIR)
Nature of the affected relevant interest(s):
Registered holder:
beneficial owner
For that relevant interest-
Number held in class:3,621,105
Current registered holder(s):Christopher Luxon
Summary of other relevant interests after acquisition or disposal
Class of affected quoted financial products:
Rights convertible to Ordinary
Shares ("Rights")
Nature of the affected relevant interest(s):
Power to acquire Ordinary
Shares in accordance with the
terms of the Rights
For that relevant interest-
Number held in class:2,123,712
Current registered holder(s):Christopher Luxon

Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:7-Dec-17
Name and title of authorised person:
Martin Crosby
Benefits Consultant