Quotation Notice – Mercury NZ Ltd Capital Bonds (“MCY020”)

QUOTATION NOTICE: NZX DEBT MARKET MERCURY NZ LIMITED (NS) CAPITAL BONDS ("MCY020") Company: Mercury NZ Limited (NS) ("MCY") Security Code: MCY020 ISIN: NZMCYDG002C0 Details of Issue: An offer of NZ$300 million of subordinated unsecured capital bonds Opening Date: Wednesday, 12 June 2019 Closing Date: 5:00pm Thursday, 4 July 2019 Interest Rate: 3.60% per annum Interest Rate Reset: The first reset date is 11 July 2024. Thereafter there is a further reset date every five years. As part of a successful election process, a different reset date may be adopted. Maturity Date: Sunday, 11 July 2049 Interest Payment Dates: 11 January, 11 April, 11 July and 11 October of each year up to and including the Maturity Date Date of First Interest Payment: Friday, 11 October 2019 First Interest Paid To: Holder on Record Date Record Date: 10 calendar days prior to the relevant interest payment date or, if that date is not a business day, the immediately preceding business day Minimum Application Amount: $5,000 Minimum Holding: $5,000 Minimum Transferable Amount: $1,000 Face Value: $1.00 per capital bond Supervisor: The New Zealand Guardian Trust Company Limited Arranger: Forsyth Barr Limited Lead Managers: Forsyth Barr Limited, Bank of New Zealand, and Deutsche Craigs Limited Trust Deed Dated: Supplemental Trust Deed dated 12 June 2019 and Master Trust Deed dated 4 April 2003 (as amended and restated on 21 May 2019) Issue Date: Thursday, 11 July 2019 Registrar: Computershare Investor Services Limited (RMLT) Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Friday, 12 July 2019 Mark Peterson Chief Executive Officer NZX Limited 19 June 2019 End CA:00336289 For:MCY Type:OFFER Time:2019-06-19 15:23:30