Mercury capital bond offer – interest rate set

Mercury NZ Limited (Mercury) today announced that, following a bookbuild for its offer of unsecured, subordinated capital bonds (Capital Bonds), $250 million of Capital Bonds have been allocated to participants (or their clients) in the bookbuild process. This includes oversubscriptions of $50 million. There was no public pool for the offer. The interest rate for the Capital Bonds to the First Reset Date (13 May 2027) will be 5.73% per annum, which reflects a margin of 1.70% per annum over the underlying swap rate of 4.03% per annum. The Capital Bonds will be issued on 13 May 2022 and quoted on the NZX Debt Market under the ticker code MCY050 on 16 May 2022. The updated terms sheet is attached. Joint Lead Managers: BNZ - 0800 284 017 Craigs Investment Partners Limited - 0800 226 263 Forsyth Barr Limited - 0800 367 227 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:00391583 For:MCY Type:OFFER Time:2022-05-05 15:31:13