Completion of underwrite in connection with DRP

Mercury announced on 18 March 2022 that it had entered into an underwriting agreement with Craigs Investment Partners Limited ('CIP') under which CIP had agreed to underwrite shares not taken up by shareholders in connection with the Dividend Reinvestment Plan ('DRP') for the FY2022 interim dividend ('Shortfall Shares') at the price set under the DRP. Mercury advises that, pursuant to the underwriting agreement, the sale of the Shortfall Shares (16,737,813 shares) settled on Friday, 1 April. 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:00389983 For:MCY Type:GENERAL Time:2022-04-04 09:02:54