Completion of sale of Vector treasury shares

Vector Limited (NZX:VCT) advises that it has sold its 4,244,923 treasury shares, to various investors, following a book build undertaken by Forsyth Barr. The shares were sold at a 2.9% discount to the closing price on 8 November 2017, for $3.30 per share, which represents a 57% gain on Vector's acquisition price. The proceeds will be initially applied to debt reduction but will be redeployed into new investment opportunities as they arise. For the purposes of Listing Rules 7.3.11, and 7.12.1, Vector advises: a Class of security Ordinary shares ISIN NZVCTE0001S7 b Number sold 4,244,923 c Nominal value N/A Transfer Price $3.30 per share d Payment terms Cash, to be settled through the market settlement system e Amount paid up Paid in full f Percentage of class of securities 0.425% g Reason for sale Sale of treasury stock h Authority for sale Directors' resolution i Terms of shares The shares rank pari passu with the existing ordinary shares j Number of securities in existence after sale 1,000,000,000 k Treasury stock Nil L Date of transfer 13 November 2017 ENDS About Vector Vector is New Zealand's leading multi-network infrastructure company which delivers energy and communication services to more than one million homes and businesses across the country. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust (formerly Auckland Energy Consumer Trust). For further information, visit www.vector.co.nz Contact MEDIA QUERIES: Richard Llewellyn External Relations Mobile 027 523 2362 ANALYST QUERIES: Dan Molloy Chief Financial Officer 64-9-213-5179 Mobile 021-441-311 End CA:00310077 For:VCT Type:GENERAL Time:2017-11-09 16:45:46