Spark completes sale of 70% of TowerCo business

Spark New Zealand Limited
ARBN 050 611 277 Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand




MARKET RELEASE – 14 OCTOBER 2022

Spark completes sale of 70% of TowerCo business

Following its announcement on 12 July 2022, Spark New Zealand (Spark) has today announced
that it has completed the sale of a 70% interest in its TowerCo business to the Ontario Teachers’
Pension Plan Board (Ontario Teachers’). The transaction was conditional on Overseas
Investment Office approval, which has now been received.

Spark previously announced its intention to return up to $350 million to shareholders following
completion of the TowerCo sale, through an on-market share buy-back.

The Spark board will now determine the process and timing for the buy-back and will update the
market in due course. This will be dependent on market conditions, and Spark may investigate
alternative return opportunities if required.

Authorised by:
Alastair White
GM Capital Markets


For more information contact

For media queries please contact:
Ellie Cross
Corporate Relations Lead Partner
(64) 22 630 0665
ellie.cross@spark.co.nz

For investor queries please contact:
Chante Mueller
Head of Investor Relations
(64) 27 469 3062
chante.mueller@spark.co.nz


About Spark

As New Zealand's largest telecommunications and digital services company, Spark’s purpose is
to help all of New Zealand win big in a digital world. Spark provides mobile, broadband, and
digital services to millions of New Zealanders and thousands of New Zealand businesses.
www.sparknz.co.nz