Employee Share Scheme - Financial Assistance Notice

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






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

ANNOUNCEMENT

Employee Share Scheme – Financial
Assistance Notice

13 October 2026 – In accordance with section 80 of the Companies Act 1993, Mercury NZ Limited
(Mercury) is required to make the following disclosure in respect of financial assistance provided by
Mercury for the recent offer of ordinary shares in Mercury to eligible employees under Mercury’s
Employee Share Scheme (Scheme).

The Scheme is designed to recognise employees as long-term partners in Mercury and provide an
opportunity for employees to receive shares in Mercury.

Pursuant to the terms of the Scheme, $1,000 worth of Mercury shares have been offered to each
eligible employee in FY27. The purchase of the shares and the operation of the Scheme will be
funded by Mercury, with the participating employee contribution being nil.
A trust has been established under the Scheme, with Sharesies Trustee Limited (Sharesies Trustee)
acting as trustee. The ordinary shares have been acquired for participating employees by Sharesies
Trustee (or its nominee) on-market on NZX at the prevailing market price. The acquired shares will be
held by Sharesies Trustee or its nominee on behalf of eligible employees participating in the Scheme
for the period of restriction noted below. The Sharesies Trustee also holds unallocated shares from
time to time.
The details of the financial assistance provided by Mercury are as follows:
Shares in respect of which financial
assistance was provided
175,424.61021996 ordinary shares in Mercury
(the Shares)
Consideration paid or payable for the
Shares
$6.83 average price per Share
Recipients of the financial assistance Sharesies Trustee received the financial
assistance noted below to acquire the Shares.
Sharesies Trustee (itself or through its nominee)
holds the Shares for the benefit of employees
participating in the Scheme in FY27 until they
are able to be accessed by the participants
following a restricted period of 3 years from the
allocation date, unless released earlier in certain
limited circumstances (e.g. death, sickness etc).
Any unallocated Shares will be held by
Sharesies Trustee for the benefit of eligible
employees generally and for use in the Scheme.

The Mercury Building, 33 Broadway, Newmarket 1023
PO Box 90399, Auckland 1142
Nature and amount of the financial
assistance
The financial assistance was provided by way of
a transfer of funds by Mercury to the Sharesies
Trustee of the amount required to fund each
participating employee’s acquisition of Shares,
and by way of Mercury’s costs of operating the
Scheme including Sharesies Trustee’s
brokerage fee. The aggregate amount of the
financial assistance was $1,199,797.00.

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