Notice of Financial Assistance – Executive LTI Plan

2 July 2018 – Provision of financial assistance in connection with Mercury NZ Limited’s
Ongoing Executive Long Term Incentive Plan
In 2013, Mercury established the Ongoing Executive Long Term Incentive Plan (LTI Plan) for its senior
employees. Under the terms of the LTI Plan, participating employees are granted allocations of shares in
Mercury, subject to Mercury meeting certain pre-determined performance hurdles. The LTI Plan is
designed to improve the long-term performance of Mercury by incentivising and motivating participants
and aligning the interests of participating senior employees with the interests of Mercury’s shareholders.
Shares are acquired and held by Mercury LTI Limited (Trustee) on behalf of participants. The shares will
vest to the participants if Mercury meets certain pre-determined performance hurdles.
The LTI Plan contemplates share grants being made to participants each year and upon new executives
joining the company. Invitations for the 2018 LTI Plan share grants were made to participating
employees in June 2018 and shares were issued to those employees from treasury stock on 2 July 2018.
In connection with the 2018 LTI Plan share grants, Mercury has given financial assistance for the
purchase of shares in Mercury in accordance with the terms of the LTI Plan. The financial assistance has
been provided pursuant to section 80 of the Companies Act 1993.
The details of the financial assistance provided by Mercury are as follows:
Shares in respect of which the
financial assistance was provided
277,001 ordinary shares in Mercury (Shares).
Consideration paid for the Shares $3.354 per Share.
Recipients of the financial
assistance
Employees of Mercury who applied to acquire
Shares under the LTI Plan. The Shares are held by
the Trustee for the participants in the LTI Plan, and
will vest subject to certain performance hurdles
being met.
Nature and amount of the
financial assistance
The financial assistance was given in the form of
interest free loans to participants in the LTI Plan
for the purpose of enabling the Trustee to
purchase the 2018 LTI Plan grant shares on behalf
of the participants. The aggregate amount of the
loans made was $1,386,685.



STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)

For further information:
Investor Relations – Tim Thompson 0275 173 470
Media – Craig Dowling 0272 105 337
ABOUT MERCURY NZ LIMITED
Mercury’s mission is energy freedom. Our purpose is to inspire New Zealanders to enjoy energy in more wonderful
ways and our goal is to be New Zealand’s leading energy brand. We focus on our customers, our people, our
partners and our country; maintain a long term view of sustainability; and promote wonderful choices. Mercury is
energy made wonderful. www.mercury.co.nz