Dividend Reinvestment Plan strike price

Mercury advises that the price at which shares will be transferred for the FY2022 interim ordinary dividend under the Company's Dividend Reinvestment Plan (DRP) is NZ$5.5730 per share. The price has been determined, in accordance with the terms and conditions of the DRP Offer Document, as the average of the daily volume weighted average sale price for a share, calculated on all price setting trades of shares that took place through the NZX Main Board over a period of five trading days starting on 21 March 2022, less a 2.5% discount. Shareholders who have elected to participate in the DRP will receive shares instead of cash in respect of the FY2022 interim ordinary dividend payable on 1 April 2022. 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:00389561 For:MCY Type:GENERAL Time:2022-03-28 09:55:31