Capital Change Notice – Capital Bonds Allotment

Capital Change Notice




Section 1: Issuer information
Name of issuer Mercury NZ Limited (”Mercury”)
NZX ticker code MCY050
Class of financial product Unsecured, subordinated
interest bearing capital bonds
(“Capital Bonds”)
ISIN NZMCYDG005C3
Currency New Zealand Dollars ($)
Section 2: Capital change details
Number issued 250,000,000
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 used to refinance
drawn debt relating to the
acquisition of Trustpower
Limited’s retail business and for
general corporate purposes.
Specific authority for issue:
Board Resolutions dated 8
February and 22 April 2022
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.
250,000,000
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable

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 8
February and 22 April 2022
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 5 May 2022 for the offer of
the Capital Bonds
Date of issue 13 May 2022
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

13 May 2022