Capital Change Notice – Capital Bonds Allotment

Capital Change Notice



Section 1: Issuer information
Name of issuer Mercury NZ Limited
NZX ticker code MCY070
Class of financial product Unsecured, subordinated capital
bonds (Capital Bonds)
ISIN (If unknown, check on NZX website) NZMCYDG007C9
Currency NZ$
Section 2: Capital change details
Number issued 350,000,000
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
Capital Bonds will be used to
fund the redemption of the
MCY020 Bonds and for general
corporate purposes.
Issue pursuant to Board
Resolutions dated 19 February
2024 and 17 June 2024.
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.
350,000,000
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
Mercury Board Resolutions
dated 19 February 2024 and 17
June 2024.

Rule 3.13.1

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the final terms
sheet dated 27 June 2024 for
the offer of the Capital Bonds
Date of issue 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