Capital Change Notice Relating to DRP

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

NEWS RELEASE

Capital Change Notice Relating to DRP

2 April 2024 – Mercury NZ Limited provides the attached Capital Change Notice under NZX Listing Rule 3.13.1.
This Notice relates to the re-issue of 2,828,493 ordinary shares from treasury stock under Mercury’s Dividend
Reinvestment Plan (DRP), announced on 22 February 2022, in respect of the FY2024 interim dividend.

ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited

For investor relations queries, please contact:
Paul Ruediger
Head of Business Performance & Investor Relations
027 517 3470
investor@mercury.co.nz
For media queries, please contact:
Shannon Goldstone
Reputation & Social Impact Lead
027 210 5337
mercurycommunications@mercury.co.nz
ABOUT MERCURY NZ LIMITED
Mercury generates electricity from 100% renewable sources: hydro, geothermal and wind.
We are also a retailer of electricity, gas, broadband and mobile services.
We’re listed on the New Zealand Stock Exchange and the Australian Stock Exchange with the ticker symbol ‘MCY’,
with foreign exempt listed status. The New Zealand Government holds a legislated minimum 51% shareholding in
the Company.
Visit us at: www.mercury.co.nz

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Capital Change Notice




Section 1: Issuer information
Name of issuer Mercury NZ Limited (Mercury)
NZX ticker code MCY
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMRPE0001S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 2,828,493 ordinary shares (from
treasury stock)
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $6.6643
Nature of the payment (for example, cash or other
consideration)
Cash, including reinvestment of
dividend proceeds pursuant to the
Dividend Reinvestment Plan
Amount paid up (if not in full) Fully paid ordinary shares
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number
of Financial Products of the Class, excluding any
Treasury Stock, in existence)
0.20%
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/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason
for change must be identified here)
Transfer from treasury stock to existing
shareholders of 2,828,493 shares
pursuant to the terms of the Dividend
Reinvestment Plan in respect of the
FY2024 interim ordinary dividend
payable on 2 April 2024
Total number of Financial Products of the Class after
the issue/acquisition/redemption/Conversion (excluding
Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the
issue/acquisition/redemption.
1,394,055,732 ordinary shares
5,956,785 treasury stock
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
Directors’ resolution dated 25 March
2024 pursuant to NZX Listing Rule
4.8.1.
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
The shares transferred are quoted
ordinary shares ranking equally with the

existing ordinary shares on issue of
MCY.
Date of issue/acquisition/redemption 2 April 2024
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Howard Thomas, General Counsel &
Company Secretary
Contact person for this announcement Howard Thomas
Contact phone number 09 308 8270
Contact email address Howard.Thomas@mercury.co.nz
Date of release through MAP

2 April 2024