FY2020 EBITDAF guidance revised to $500 million

25 February 2020 - Mercury announced today that it has revised its FY2020 EBITDAF guidance from $510 million to $500 million. This reflects an expected 170 GWh decrease in full year generation to 3,900 GWh due to dry weather conditions in the Taupo catchment in H2-FY2020 to date. Guidance may change and remains subject to any material events, significant one-off expenses or other unforeseen circumstances including changes to hydrological conditions. ENDS Howard Thomas General Counsel and Company Secretary Mercury NZ Limited For investor relations queries, please contact: Tim Thompson Head of Treasury and Investor Relations 0275 173 470 For media queries, please contact: Craig Dowling Head of Communications 021 615 663 End CA:00348889 For:MCY Type:MKTUPDTE Time:2020-02-25 08:31:37