Capital Change Notice – Capital Bonds Redemption

Capital Change Notice




Section 1: Issuer information
Name of issuer Mercury NZ Limited
NZX ticker code MCY020
Class of financial product Unsecured, subordinated capital
bonds
ISIN (If unknown, check on NZX website) NZMCYDG002C0
Currency NZ$
Section 2: Capital change details
Number redeemed 300,000,000
Nominal value (if any) $1.00
Redemption price per security $1.00, together with accrued and
unpaid interest
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 redeemed
(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 redemption and specific authority for redemption
(the reason for change must be identified here)
Exercise of Mercury’s optional
right of redemption on the First
Reset Date, being 11 July 2024
Total number of Financial Products of the Class after the
redemption (excluding Treasury Stock) and the total number
of Financial Products of the Class held as Treasury Stock
after the redemption.
Nil
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the redemption, including a reference to
the rule pursuant to which the redemption is made
Mercury Board Resolutions on
19 February 2024

Rule 3.13.1

Terms or details of the redemption (for example: restrictions,
escrow arrangements)
As set out in the redemption
notice dated 27 June 2024
Date of redemption 11 July 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

11 July 2024