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:
22 May 2020
Date of last disclosure:
12 December 2019
Director or senior manager giving disclosure
Full name(s):
Fraser Scott Whineray
Name of listed issuer:
Mercury NZ Limited
Name of related body corporate (if applicable):
Not applicable
Position held in listed issuer:
Former Chief Executive
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)
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 2021, upon
which the shares will vest
For that relevant interest-
Number held in class before acquisition or disposal:
84,236
Number held in class after acquisition or disposal:
0
Current registered holder(s):
Mercury LTI Limited
Registered holder(s) once transfers are registered:
Not 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: 1
Details of transactions requiring disclosure-
Date of transaction:15 May 2020
Nature of transaction:
84,236 shares held by
Mercury LTI Limited on
Fraser Scott Whineray's
behalf have become
forfeited shares and
Mercury LTI Limited
exercised its call option to
require Fraser Scott
Whineray to transfer to it all
of his beneficial interest in
the forfeited shares on 15
May 2020.
Name of any other party or parties to the transaction (if known):Mercury 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:
$258,227.80, 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: 84,236
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 and
beneficial owner
For that relevant interest,-
Number held in class:41,200
Current registered holder(s):
Fraser Scott Whineray
Class of quoted financial products:
Ordinary shares in Mercury
NZ Limited (NZX: MCY)
Nature of relevant interest:
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 targets being
met over the period ending
30 June 2020, upon which
the shares will vest.
For that relevant interest,-
Number held in class:74,461
Current registered holder(s):
Mercury LTI Limited
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
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:
22 May 2020
Name and title of authorised person:
Kendal Luskie, Legal
Counsel