Dividend Reinvestment Plan underwritten

Mercury announced on 22 February 2022 a Dividend Reinvestment Plan ('DRP') and its intention that for its FY2022 interim dividend the DRP is underwritten. This means that any shares not taken up by shareholders would be underwritten by an underwriter on the same terms. Mercury advises that it has entered into an underwriting agreement with Craigs Investment Partners Limited ('CIP') under which CIP has agreed to underwrite shares not taken up by shareholders in connection with the DRP for the FY2022 interim dividend at the price set under the DRP. CIP's appointment as underwriter is subject to termination rights customary for an agreement of this nature. ENDS Howard Thomas General Counsel and Company Secretary Mercury NZ Limited For investor relations queries, please contact: William Meek Chief Financial Officer 0275 173 470 For media queries, please contact: Shannon Goldstone Head of Communications Media phone: 027 210 5337 End CA:00389112 For:MCY Type:GENERAL Time:2022-03-18 09:43:21