Amendments to Bond Trust Deeds

22 May 2019 - Mercury NZ Limited has amended the following trust deeds in relation to its bonds: o the master trust deed dated 4 April 2003 (as amended, "Master Trust Deed") under which it may issue bonds from time to time; and o the supplemental trust deed (capital bonds) dated 6 June 2014 ("Supplemental Trust Deed") in relation to the capital bonds with the NZX ticker code MCY010. The amendments have been made to reflect recent amendments to New Zealand's withholding tax regime, to reflect changes to the NZX Listing Rules, and to update certain legislative and other references. A copy of the Master Trust Deed and Supplemental Trust Deed (as amended) will shortly be available on Mercury's website at www.mercury.co.nz/investors/investor-info/capital-bonds. Howard Thomas Company Secretary ENDS For further information: Media - Craig Dowling 0272 105 337 Investors - Tim Thompson 0275 173 470 End CA:00334829 For:MCY Type:GENERAL Time:2019-05-22 08:30:15