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:
27 August 2020
Date of last disclosure:
27 July 2020
Director or senior manager giving disclosure
Full name(s):
Nicholas Clarke
Name of listed issuer:
Mercury NZ Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
GM Geothermal & Safety
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):
Registered holder as trustee of
the JK Clarke Family Trust and
the RA Clarke Family Trust,
together the JK & RA Clarke
Family Partnership, in which he
has a beneficial interest
For that relevant interest-
Number held in class before acquisition or disposal:
11,960
Number held in class after acquisition or disposal:
16,120
Current registered holder(s):
Rosemary Clarke
Registered holder(s) once transfers are registered:
Nicholas Clarke, Rosemary
Aileen Clarke and Andrew
David Clarke as trustees of the
JK Clarke Family Trust and the
RA Clarke Family Trust,
together the JK & RA Clarke
Family Partnership
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:20 August 2020
Nature of transaction:
Off-market transfer to JK & RA
Family Partnership.
Name of any other party or parties to the transaction (if known):Rosemary Clarke
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:
$21,500
Number of financial products to which the transaction related: 4,160
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:
No
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:
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
2021, upon which the shares
will vest
For that relevant interest,-
Number held in class:22,972
Current registered holder(s):Mercury LTI Limited
Class of quoted financial products:
Ordinary shares in Mercury NZ
Limited (NZX: MCY)
Nature of relevant interest:
Registered holder as trustee of
the Ashburton Grove Trust, in
which he has a beneficial
interest
For that relevant interest,-
Number held in class:2,000
Current registered holder(s):
Nicholas Clarke and Andrew
David Clarke as trustees of the
Ashbuton Grove Trust
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:34,184
Current registered holder(s):
Nicholas Clarke
Class of quoted financial products:
Capital bonds in Mercury NZ
Limited (NZX: MCY020)
Nature of relevant interest:
Registered holder as trustee of
the JK Clarke Family Trust and
the RA Clarke Family Trust,
together the JK & RA Clarke
Family Partnership
For that relevant interest,-
Number held in class:27,000
Current registered holder(s):
Nicholas Clarke, Rosemary
Aileen Clarke and Andrew
David Clarke as trustees of the
JK Clarke Family Trust and the
RA Clarke Family Trust,
together the JK & RA Clarke
Family Partnership
For a derivative relevant interest,-
Type of derivative:
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.
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
27 August 2020
Name and title of authorised person:Kendal Luskie, Legal Counsel