Disclosure of beginning to have substantial holding.

Telecom Corporation of New Zealand Limited (NS) (TEL) | 8:25 am, Tuesday 2 September 2008

TEL
2.340
-0.090
(-3.70%)
Market Announcement
Type:SSH


To: New Zealand Exchange Limited (NZX)
and Telecom New Zealand Limited

Substantial security Holder(s) giving disclosure
Name: 452 Capital Pty Limited

Summary of substantial holding to which the disclosure relates

Class of listed voting securities: Ordinary Shares

Disclosure of beginning to have substantial holding.

Total number held in class: 91,870,215
Total in class: 1,825,862,754
Total % held in class: 5.032%

A copy of this document can be obtained by e-mailing lcr@nzx.com

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