Capital Change Notice – Green Bonds Allotment

Capital Change Notice

100455898/8445263.1


Section 1: Issuer information
Name of issuer Mercury NZ Limited
(”Mercury”)
NZX ticker code MCY040
Class of financial product Unsecured, unsubordinated
fixed rate green bonds (“Green
Bonds”)
ISIN NZMCYDG004C6
Currency New Zealand Dollars ($)
Section 2: Capital change details
Number issued 200,000,000
Nominal value (if any) $1.00
Issue price per security $1.00
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
100%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Not applicable
Reason for issue and specific authority for issue (the reason
for change must be identified here)
The proceeds of this offer are
intended to be earmarked to
finance or refinance new or
existing projects and
expenditures relating to
renewable energy and other
eligible projects in accordance
with Mercury’s Green
Financing Framework.
Specific authority for issue:
Board Resolutions dated 15
March 2021
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the issue.
200,000,000
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable

100455898/8445263.1
2
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Specific authority for issue:
Board Resolutions dated 15
March 2021
Rule 3.13.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the terms sheet
dated 19 March 2021 for the
offer of the Green Bonds
Date of issue 29 March 2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
William Meek, Chief Financial
Officer
Contact person for this announcement William Meek
Contact phone number 0275 173 470
Contact email address investor@mercury.co.nz
Date of release through MAP

29 March 2021