Commerce Commission clearance for Trustpower acquisition

Commerce Commission grants clearance for Mercury to acquire
Trustpower’s retail business
28 September 2021 – Mercury NZ Limited (Mercury) welcomes the Commerce Commission’s decision to grant
clearance for the acquisition of Trustpower Limited’s (Trustpower) retail business.
Trustpower shareholders approved the acquisition on 22 September.
The transaction remains conditional, including on the implementation of the Tauranga Energy Consumer Trust
Deed restructure.
Completion of the transaction is expected in the first half of 2022.
Background
Mercury announced it had entered into binding agreements with Trustpower to acquire its retail business for
NZ$441 million on 21 June this year. Once complete, the combined business will have approximately 780,000
connections across both energy and telco services.
ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited



For investor relations queries, please contact:
Tim Thompson
Head of Treasury and Investor Relations
0275 173 470
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Shannon Goldstone
Head of Communications
027 210 5337
media@mercury.co.nz

ABOUT MERCURY NZ LIMITED
Mercury’s mission is energy freedom. Our purpose is to inspire New Zealanders to enjoy energy in more wonderful ways and
our goal is to be New Zealand’s leading energy brand. We focus on our customers, our people, our partners and our country;
maintain a long term view of sustainability; and promote wonderful choices. Mercury is energy made wonderful.

Visit us at: www.mercury.co.nz

STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)

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