Update and Withdrawal of Guidance

creating a new energy future


Update and Withdrawal of Guidance

Vector confirms that a number of its businesses are considered to be essential businesses
and continue to operate under COVID-19 Alert Level 4, these include:

• Electricity distribution to Auckland customers
• Natural gas distribution to 110,000 Auckland homes
• Fibre network services
• LPG and natural gas sales and distribution (including the nationwide distribution of
bottled LPG gas)
• Metering fault resolution, safety disconnections and reconnections
Vector also confirms that it will be paying the 8.25 cents per share interim dividend as scheduled
on 8 April 2020.

Given the fluid nature and inherent uncertainty of the COVID-19 situation, the Board has
determined that it is prudent to withdraw the FY20 earnings guidance and place this under
review until such time that the impact on earnings can be properly assessed.



ENDS

Investor contact
Jason Hollingworth, Chief Financial Officer, Vector
Jason.hollingworth@vector.co.nz, 021 312 928

Media contact
Sarah Williams, Chief Marketing and Communications Officer, Vector
Sarah.williams@vector.co.nz, 021 928 125


About Vector
Vector is New Zealand’s leading network infrastructure company which runs a portfolio of
businesses delivering energy and communication services to more than one million homes
and commercial customers across the country. Vector is leading the country in creating a new
energy future for customers and continues to grow and invest in the growth of Auckland, and
in a wide range of activities and locations. Vector is listed on the New Zealand Stock Exchange
with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For
further information, visit www.vector.co.nz



market release
31 March 2020