Spark New Zealand Updates to External Reporting Full Pack

MARKET RELEASE 16 February 2018 Updates to External Reporting In advance of Spark New Zealand Limited's ("Spark's") FY18 interim results announcement on Wednesday 21 February 2018, Spark has today released restated historical detailed financials to assist analysts in recalibrating their models. Spark has made a number of improvements to the structure and detail of its externally reported financials: Segmental reporting o Segmental reporting has been updated to align with recent changes in internal business unit accountability IT services revenues o As indicated at our FY17 results announcement we have reclassified IT services revenues to provide greater insight into the drivers of business performance o An accompanying presentation has also been released to provide further insight into how to model reclassified Spark Digital revenues Broadband cost of sales o As indicated at our FY17 results announcement all broadband related Unbundled Copper Local Loop (UCLL) costs have now been reallocated to 'broadband cost of sales'. This is to align the classification of copper broadband inputs with the existing classification of fibre broadband inputs Voice connections o To better align with the definition used for reporting of voice revenues, reported voice connections now include all connection types (including ISDN, VOIP and wireless voice) rather than just those provisioned on the legacy PSTN network The comparative historical detailed financials have been adjusted to reflect these changes with no impact on the Spark Group result. Investors and analysts are also invited to attend a presentation to discuss updates to Spark New Zealand Limited's ("Spark's") external reporting. Attendees are able to attend the presentation in person at Spark City, 167 Victoria Street West, Auckland or via teleconference. To access the teleconference please pre-register by clicking here DATE: Friday, 16 February 2018 TIME: 9.00 am (AEDT) 11.00 am (NZDT) If you would like to join via teleconference, please use the following dial-in numbers: AUDIO CONFERENCE ID: 9287669 Country Date Time Dial In New Zealand 16/02/18 11.00am NZDT 0800 667 014 Australia 16/02/18 09.00am AEDT 1800 015 837 USA 15/02/18 5.00pm EST 1844 294 9606 Hong Kong 16/02/18 06.00am HKT 800 967 614 Singapore 16/02/18 06.00am SGT 800 616 2327 Japan 16/02/18 07.00am JST 012 043 2027 UK 15/02/18 10.00pm GMT 0808 234 4636 Please dial into the teleconference 10 minutes before the start of the presentation. -ENDS- For media queries, please contact: Lucy Fullarton Communications Partner +64 (0) 21 070 6197 For investor relations queries, please contact: Dean Werder GM Finance & Performance +64 (0) 27 259 7176 End CA:00314317 For:SPK Type:GENERAL Time:2018-02-16 09:14:45