Capital Change Notice – Green Bonds Allotment

Capital Change Notice



Section 1: Issuer information
Name of issuer Mercury NZ Limited
NZX ticker code MCY060
Class of financial product Unsecured, unsubordinated,
fixed rate green bonds (“Green
Bonds”)
ISIN NZMCYDG006C1
Currency New Zealand Dollars ($)
Section 2: Capital change details
Number issued 150,000,000
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 from the issue of
the Green Bonds 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 8
February 2023 and 16 May
2023
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.
150,000,000
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
Board Resolutions dated 8
February 2023 and 16 May
2023
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 9 June 2023 for the offer
of the Green Bonds
Date of issue 19 June 2023
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
Paul Ruediger, Head of
Business Performance &
Investor Relations
Contact phone number 0275 173 470
Contact email address investor@mercury.co.nz
Date of release through MAP

20 June 2023