Mercury NZ Limited/Announcement
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Mercury NZD/AUD FX rate for FY2020 interim dividend

Full Year Results20 March 2020MCYUtilities

Mercury NZD/AUD FX rate for interim dividend
20 March 2020 –

The foreign exchange rate used for Mercury’s FY2020 interim dividend paid to Australian investors in

Australian Dollars (NZD/AUD) has been set to 0.9915. The dividend will be paid on 1 April 2020.


Attached is an amended ASX Appendix 3A.1 Notification of Dividend/Distribution released to the ASX.

ENDS

For further information:

Media – Craig Dowling 0272 105 337

Investors – Tim Thompson 0275 173 470

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.

Visit us at: www.mercury.co.nz

STOCK EXCHANGE LISTINGS: NEW ZEALAND (MCY) / AUSTRALIA (MCY)


NEWS RELEASE

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Update Summary

Entity name

MERCURY NZ LIMITED

Security on which the Distribution will be paid

MCY - ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Announcement Type

Update to previous announcement

Date of this announcement

Friday March 20, 2020

Reason for the Update

Confirmation of NZD/AUD exchange rate used for the FY2020 interim dividend of the company to be paid on 1 April 2020.

Additional Information

The foreign exchange rate used for the FY2020 interim dividend of the company payable to Australian investors in

Australian Dollars (NZD/AUD) has been set at 0.9915. The dividend will be paid on 1 April 2020.

Refer to below for full details of the announcement

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

MERCURY NZ LIMITED

1.2 Registered Number Type

ARBN

Registration Number

162804668

1.3 ASX issuer code

MCY

1.4 The announcement is

1.4a Reason for update to a previous announcement

Confirmation of NZD/AUD exchange rate used for the FY2020 interim dividend of the company to be paid on 1 April 2020.

1.4b Date of previous announcement(s) to this update

Tuesday February 25, 2020

1.5 Date of this announcement

Friday March 20, 2020

1.6 ASX +Security Code

MCY

ASX +Security Description

ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Tuesday December 31, 2019

Ordinary

Update/amendment to previous announcement

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2A.4 +Record Date

Friday March 13, 2020

2A.5 Ex Date

Thursday March 12, 2020

2A.6 Payment Date

Wednesday April 1, 2020

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the

dividend/distribution.

2A.8 Currency in which the dividend/distribution is made ("primary currency")

NZD - New Zealand Dollar

2A.9 Total dividend/distribution payment amount per

+security (in primary currency) for all

dividends/distributions notified in this form

$ 0.07529412

2A.9a AUD equivalent to total dividend/distribution

amount per +security

$ 0.07465412

2A.9b If AUD equivalent not known, date for information

to be released

Friday March 20, 2020

Estimated or Actual?

2A.9c FX rate (in format AUD 1.00 / primary currency

rate): AUD

AUD 1.00

FX rate (in format AUD rate/primary currency rate)

Primary Currency rate

$ 1.00857287

2A.10 Does the entity have arrangements relating to the

currency in which the dividend/distribution is paid to

securityholders that it wishes to disclose to the market?

2A.11 Does the entity have a securities plan for

dividends/distributions on this +security?

2A.12 Does the +entity have tax component information

apart from franking?

2A.13 Withholding tax rate applicable to the dividend/distribution (%)

15.000000 %

No

We do not have a securities plan for

dividends/distributions on this security

Yes

Actual

No

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Part 2B - Currency Information

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the

banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand

and/or USD to residents of the U.S.A.).

2B.2 Please provide a description of your currency arrangements

Payment to shareholders on the Australian register will be calculated on the NZD/AUD foreign exchange hedge rate

of 0.9915

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

CurrencyPayment currency equivalent amount per security

AUD - Australian Dollar$ 1.00857287

2B.2b Please provide the exchange rates used for non-primary currency payments

NZD/AUD 0.9915

2B.2c If payment currency equivalent and exchange

rates not known, date for information to be released


Estimated or Actual?

2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the

default arrangements?

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at

this time?

3A.1a Ordinary dividend/distribution estimated amount

per +security

$

3A.1b Ordinary Dividend/distribution amount per

security

$ 0.06400000

3A.2 Is the ordinary dividend/distribution franked?

3A.3 Percentage of ordinary dividend/distribution that is

franked

0.0000 %

No

No

No

Actual

Yes

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3A.4 Ordinary dividend/distribution franked amount per

+security

$ 0.00000000

3A.5 Percentage amount of dividend which is unfranked

100.0000 %

3A.6 Ordinary dividend/distribution unfranked amount

per +security excluding conduit foreign income amount

$ 0.06400000

Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution

3F.1 Is a supplementary dividend/distribution payable?

3F.2 Is the supplementary dividend/distribution

estimated at this time?

3F.2a Supplementary dividend/distribution estimated

amount per +security

$

3F.2b Supplementary dividend/distribution amount per +security

$ 0.01129412

3F.3 Is the Supplementary dividend/distribution franked?

3F.4 Percentage of Supplementary dividend/distribution

that is franked

0.0000 %

3F.4a Applicable corporate tax rate for franking credit

(%)

%

3F.5 Supplementary dividend/distribution franked

amount per +security

$ 0.00000000

3F.6 Percentage of Supplementary dividend/distribution

that is unfranked

100.0000 %

3F.7 Supplementary dividend/distribution unfranked amount per security

$ 0.01129412

Part 5 - Further information

5.1 Please provide any further information applicable to this dividend/distribution

The total dividend/distribution amount per security referred to in 2A.9 relates to an ordinary dividend of NZD 0.06400 plus

a supplementary dividend of NZD 0.01129412 payable to non-New Zealand resident shareholders.

5.2 Additional information for inclusion in the Announcement Summary

The foreign exchange rate used for the FY2020 interim dividend of the company payable to Australian investors in

Australian Dollars (NZD/AUD) has been set at 0.9915. The dividend will be paid on 1 April 2020.

No

No

Yes

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