Dividend Reinvestment Plan strike price

The Mercury Building, 33 Broadway, Newmarket 1023
PO Box 90399, Auckland 1142





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

NEWS RELEASE

Dividend Reinvestment Plan strike price

17 March 2025 – Mercury advises that the price at which shares will be transferred for the FY2025
interim ordinary dividend under the Company’s Dividend Reinvestment Plan (DRP) is NZ$5.6229 per
share.

The price has been determined, in accordance with the terms and conditions of the DRP Offer
Document, as the average of the daily volume weighted average sale price for a share, calculated on
all price setting trades of shares that took place through the NZX Main Board over a period of five
trading days starting on 10 March 2025, less a 2.0% discount.

Shareholders who have elected to participate in the DRP will receive shares instead of cash in respect
of the FY2025 interim ordinary dividend payable on 1 April 2025.

Attached is an updated Appendix 3A.1 (Notification of Dividend / Distribution) disclosed on the ASX
today.

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 inquiries, please contact:
Shannon Goldstone
Reputation and 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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Appendix 3A.1 - Notification of dividend / distribution
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Update Summary
Entity name
MERCURY NZ LIMITED
Security on which the Distribution will be paid
MCY - ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Announcement Type
Update to previous announcement
Date of this announcement
17/3/2025
Reason for the Update
Confirmation of the price at which shares will be allotted under the Dividend Reinvestment Plan.
Additional Information
The price at which shares will be allotted under the Dividend Reinvestment Plan is $5.6229 (NZD). The dividend will be
paid on 1 April 2025.
Refer to below for full details of the announcement

Appendix 3A.1 - Notification of dividend / distribution
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Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
MERCURY NZ LIMITED
1.2 Registered Number Type
ARBN
Registration Number
162804668
1.3 ASX issuer code
MCY
1.4 The announcement is
1.4a Reason for update to a previous announcement
Confirmation of the price at which shares will be allotted under the Dividend Reinvestment Plan.
1.4b Date of previous announcement(s) to this update
25/2/2025
1.5 Date of this announcement
17/3/2025
1.6 ASX +Security Code
MCY
ASX +Security Description
ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
31/12/2024
2A.4 +Record Date
6/3/2025
2A.5 Ex Date
5/3/2025
Ordinary
Update/amendment to previous announcement

Appendix 3A.1 - Notification of dividend / distribution
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2A.6 Payment Date
1/4/2025
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the
dividend/distribution.
2A.8 Currency in which the dividend/distribution is made ("primary currency")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
NZD 0.11294118
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD
2A.9b If AUD equivalent not known, date for information
to be released
24/3/2025
Estimated or Actual?
2A.10 Does the entity have arrangements relating to the
currency in which the dividend/distribution is paid to
securityholders that it wishes to disclose to the market?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.11a If the +entity has a DRP, is the DRP applicable to
this dividend/distribution?
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.12 Does the +entity have tax component information
apart from franking?
2A.13 Withholding tax rate applicable to the dividend/distribution (%)
15.000000 %
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the
banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand
and/or USD to residents of the U.S.A.).
Yes
No
Yes
We have a Dividend/Distribution Reinvestment Plan (DRP)
Yes
Actual
No

Appendix 3A.1 - Notification of dividend / distribution
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2B.2 Please provide a description of your currency arrangements
Payment to shareholders on the Australian register will be calculated on the NZD/AUD foreign exchange hedge rate to be
disclosed on 24 March 2025.
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
AUD - Australian DollarAUD
2B.2b Please provide the exchange rates used for non-primary currency payments
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
24/3/2025
Estimated or Actual?
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the
default arrangements?
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
NZD
3A.1b Ordinary Dividend/distribution amount per
security
NZD 0.09600000
3A.2 Is the ordinary dividend/distribution franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
0.0000 %
3A.4 Ordinary dividend/distribution franked amount per
+security
NZD 0.00000000
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
3A.6 Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
NZD 0.09600000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
3F.2 Is the supplementary dividend/distribution3F.2a Supplementary dividend/distribution estimated
Yes
No
No
No
Actual

Appendix 3A.1 - Notification of dividend / distribution
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3F.2 Is the supplementary dividend/distribution
estimated at this time?
3F.2a Supplementary dividend/distribution estimated
amount per +security
NZD
3F.2b Supplementary dividend/distribution amount per +security
NZD 0.01694118
3F.3 Is the Supplementary dividend/distribution franked?
3F.4 Percentage of Supplementary dividend/distribution
that is franked
0.0000 %
3F.4a Applicable corporate tax rate for franking credit
(%)
%
3F.5 Supplementary dividend/distribution franked
amount per +security
NZD 0.00000000
3F.6 Percentage of Supplementary dividend/distribution
that is unfranked
100.0000 %
3F.7 Supplementary dividend/distribution unfranked amount per security
NZD 0.01694118
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
4A.2 Last date and time for lodgement of election
notices to share registry under DRP
Friday March 7, 2025 15:00:00
4A.3 DRP discount rate
2.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
10/3/2025
End Date
14/3/2025
4A.5 DRP price calculation methodology
The price is calculated as the average of the daily volume weighted average sale price for a share (expressed in cents
and fractions of a cent) calculated on all sales of shares which took place through the NZX Main Board on the five trading
days commencing on 10 March 2025 in accordance with the DRP terms and conditions.
4A.6 DRP Price (including any discount):
NZD 5.62290
4A.7 DRP +securities +issue date
1/4/2025
4A.8 Will DRP +securities be a new issue?4A.8a Do DRP +securities rank pari passu from +issue
date?
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
4A.11 Are there any other conditions applying to DRP participation?
Yes
No
No
Yes
Yes
Do not participate in DRP (i.e. cash payment)
No
No

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4A.11a Conditions for DRP participation
The DRP is only available to holders of shares who have an address on the Mercury share register in New Zealand or
Australia. The full terms and conditions of the DRP are set out in the DRP Offer Document at the link below.
4A.12 Link to a copy of the DRP plan rules
https://www.mercury.co.nz/investors/dividends
4A.13 Further information about the DRP
Security holders who participate in the DRP will be transferred fully paid ordinary shares by way of the re-issue of existing
treasury stock OR the issue of new shares.
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
The total dividend/distribution amount per security referred to in 2A.9 relates to an ordinary dividend of NZD 0.09600000
plus a supplementary dividend of NZD 0.01694118 payable to non-New Zealand resident shareholders.
5.2 Additional information for inclusion in the Announcement Summary
The price at which shares will be allotted under the Dividend Reinvestment Plan is $5.6229 (NZD). The dividend will be
paid on 1 April 2025.