Senior Manager Ongoing Disclosure

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:
Mercury NZ Limited
Date this disclosure made:
9 April 2020
Date of last disclosure:
31 July 2019
Director or senior manager giving disclosure
Full name(s):
Matthew Norman Olde
Name of listed issuer:
Mercury NZ Limited
Name of related body corporate (if applicable):
Not applicable
Position held in listed issuer:
Former General Manager
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary shares in Mercury
NZ Limited (NZX: MCY)
Ordinary shares in Mercury
NZ Limited (NZX: MCY)
Ordinary shares in
Mercury NZ Limited
(NZX: MCY)
Nature of the affected relevant interest(s):
Beneficial owner pursuant
to Mercury's Long Term
Incentive Plan under which
the shares are held on trust
by Mercury LTI Limited,
subject to certain
performance interests
being met over the period
ending 30 June 2020, upon
which the shares will vest
Beneficial owner pursuant
to Mercury's Long Term
Incentive Plan under which
the shares are held on trust
by Mercury LTI Limited,
subject to certain
performance interests
being met over the period
ending 30 June 2021, upon
which the shares will vest
Registered holder and
beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:
23,20722,97255,882
Number held in class after acquisition or disposal:
0087,448
Current registered holder(s):
Mercury LTI LimitedMercury LTI LimitedMatthew Norman Olde
Registered holder(s) once transfers are registered:
Not applicableNot applicableNot applicable
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
Not applicable
Class of underlying financial products:
Not applicable
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:
Not applicable
Maturity date of the derivative (if any):
Not applicable
Expiry date of the derivative (if any):
Not applicable
The price specified in the terms of the derivative (if any):
Not applicable
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
Not applicable
For that derivative,-
Parties to the derivative:
Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
Not applicable

Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 2
Details of transactions requiring disclosure-
Date of transaction:3 April 20203 April 2020
Nature of transaction:
Off-market transfer to
Matthew Norman Olde of
31,566 shares held on trust
by Mercury LTI Limited
which vested upon the
assessment of
performance targets to 6
March 2020
Following the vesting of a
proportion of the shares,
14,613 shares held by
Mercury LTI Limited on
Matthew Norman Olde's
behalf became forfeited
shares and Mercury LTI
Limited exercised its call
option to require Matthew
Norman Olde to transfer to
it all of his beneficial
interest in the forfeited
shares on 3 April 2020
Name of any other party or parties to the transaction (if known):Mercury LTI LimitedMercury LTI Limited
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:
Nil
$43,807.67, being the
outstanding loan balance in
respect of the forfeited
shares which was
transferred to Mercury LTI
Limited
Number of financial products to which the transaction related: 31,56614,613
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):
Not applicable
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Ordinary shares in Mercury
NZ Limited (NZX: MCY)
Nature of relevant interest:
Registered holder as
trustee of the Olde
Cormack Family Trust
For that relevant interest,-
Number held in class:6,200
Current registered holder(s):
Matthew Norman Olde,
Jacqueline Anne Cormack
and The Gale Trustee
Company Limited as
trustees of the Olde
Cormack Family Trust
For a derivative relevant interest,-
Type of derivative:Not applicable
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:
Not applicable
Maturity date of the derivative (if any):
Not applicable
Expiry date of the derivative (if any):
Not applicable
The price's specified terms (if any):
Not applicable
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
Not applicable

For that derivative relevant interest,-
Parties to the derivative:
Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
Not applicable
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 director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
9 April 2020
Name and title of authorised person:
Kendal Luskie, Legal
Counsel