Long-Term Incentive Plan - Financial Assistance Notice

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






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

ANNOUNCEMENT

Long-Term Incentive Plan – Financial
Assistance Notice

27 August 2026 – Mercury NZ Limited (Mercury) has a Long-Term Incentive Plan (the Plan) for
executive employees (the Participants). The Plan is designed to support the retention of key
employees and align the interests of Participants with those of Mercury’s shareholders.

Pursuant to the terms of the Plan, 255,843 share rights (the Share Rights) were issued to Participants
in FY24 (the FY24-FY26 Grant). Each Share Right gives a Participant the right to acquire one
ordinary share in Mercury subject to the applicable performance hurdles being met. No consideration
is payable on exercise of a Share Right.
59,567 Share Rights, granted under the FY24-FY26 Grant have vested and been validly exercised by
Participants. Mercury has instructed Sharesies Nominee Limited (the Sharesies Nominee) to acquire
ordinary shares in Mercury at the current market value on behalf of the Participants that have validly
exercised their Share Rights.
Mercury has given financial assistance to Participants for the purchase of shares in Mercury on their
behalf by the Sharesies Nominee. The financial assistance has been provided pursuant to section 80
of the Companies Act 1993.
The details of the financial assistance provided by Mercury are as follows:
Shares in respect of which financial
assistance was provided
58,344 ordinary shares in Mercury (the Shares)
Consideration paid or payable for the
Shares
$6.97 per Share
Recipients of the financial assistance Stewart Hamilton; Matt Tolcher; Tim Thompson;
Craig Neustroski; Lucie Drummond; Fiona
Smith; William Meek; Phil Gibson; Marlene
Strawson; Matt Kedian; Emily Collis; Braam
Conradie; Moa Haar-Simmonds; Angelique
McCall; Paul Bacon; Tim Aynsley
Nature and amount of the financial
assistance
The financial assistance was provided by way of
a transfer of funds by Mercury to the Sharesies
Nominee of the amount required to fund each
Participant’s acquisition of Shares. The
aggregate amount of the funds transferred was
$407,413.08.

The Mercury Building, 33 Broadway, Newmarket 1023
PO Box 90399, Auckland 1142
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:
Catherine Morab
Communications
09 282 1158
mercurycommunications@mercury.co.nz


ABOUT MERCURY NZ LIMITED
Mercury’s generation assets produce electricity from 100% renewable sources: hydro, geothermal
and wind. We’re 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 of Mercury.
Visit us at: www.mercury.co.nz