Completion of sale of 50% interest in Vector Metering

Market Release
Date: 30 June 2023



Completion of sale of 50% interest in Vector Metering
On 21 December 2022 Vector (NZX:VCT) announced entry into a conditional
agreement with QIC Private Capital Pty Limited (QIC) for the sale of a 50% interest in
Vector’s New Zealand and Australian metering business (Vector Metering) to
investment vehicles managed and advised by QIC.
Following satisfaction of the conditions to the transaction, which was announced on 2
June 2023, Vector confirms that the sale was completed today.
Vector Group Chief Executive Simon Mackenzie said: “We are very pleased to
complete the sale of 50% of Vector Metering to QIC and look forward to working with
QIC to grow Vector Metering’s smart metering platform across Australia and New
Zealand.”


Investor contact
Jason Hollingworth, Chief Financial Officer, Vector
Jason.hollingworth@vector.co.nz, 021 312 928

Media contact
Matthew Britton, Senior Communications Partner, Vector
Matthew.britton@vector.co.nz 021 224 2966


About Vector
Vector is an innovative New Zealand energy company, which runs a portfolio of businesses
delivering energy and communication services to more than 600,000 residential and
commercial customers across New Zealand and the Pacific. Vector has a leading role in
creating a new energy future through its Symphony strategy which puts customers at the heart
of the energy system. Vector is listed on the New Zealand Stock Exchange with ticker symbol
VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For further information,
visit www.vector.co.nz