SSH – Mondrian Investment Partners Limited

Disclosure of beginning to have substantial holding Schedule 14, Financial Markets Conduct Regulations 2014 Default form 1 To: NZSE And: Mercury NZ Limited Date this disclosure made: 10 March 2017 Substantial security holder(s) giving disclosure Name(s): Mondrian Investment Partners Limited Contact details: Jamie Shearer, tel 0044 20 7477 7000, email: jamie.shearer@mondrian.com Date on which substantial security holder(s) began to have substantial holding: 7 December 2016 Summary of substantial holding to which disclosure relates Class of listed voting securities: ordinary shares Summary for: Mondrian Investment Partners Limited For this disclosure,-- (a) total number held in class: 68,886,542 (b) total in class: 1,377,356,000 (c) total percentage held in class: 5.0014% Details of relevant interests currently in substantial holding Details for: Mondrian Investment Partners Limited Nature of relevant interest(s): Mondrian Investment Partners Limited has non-beneficial relevant interest in its capacity as fund manager only. For that relevant interest,-- (a) number held in class: [number] (b) percentage held in class: [%] (c) current registered holder(s) of securities: [name(s) or state "unknown"] (d) registered holder(s) of securities once transfers registered: [name(s) or state "unknown"] Details of transactions and events giving rise to person beginning to have substantial holding Details of the transactions or other events requiring disclosure under the instructions to this form: purchase of 329,454 shares in Mercury NZ Limited on 7 December 2016. Additional information Nature of connection between substantial security holders: [names and nature of connection] Address(es) of substantial security holder(s): [address(es)] Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: [name] Declaration I, Jamie Shearer, declare that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00298133 For:MCY Type:SSH Time:2017-03-13 08:30:06