Quotation Notice: Mercury NZ Limited (“MCY050”)

QUOTATION NOTICE: NZX DEBT MARKET MERCURY NZ LIMITED BOND ("MCY050") Company: Mercury NZ Limited ("MCY") Security Code: MCY050 ISIN: NZMCYDG005C3 Details of Issue: NZ $250 million of subordinated, unsecured capital bonds Opening Date: Monday, 2 May 2022 Closing Date: Thursday, 5 May 2022 Maturity Date: Monday, 13 May 2052 Interest Rate: 5.73% p/a Rate Rest Date: The First Reset Date is 13 May 2027. Thereafter there is a further Reset Date every five years. Interest Payment Dates: 13 February, 13 May, 13 August and 13 November of each year up to and including the Maturity Date Date of First Interest Payment: Saturday, 13 August 2022 (as this date falls on a weekend, payments due on this date will be made on the following business day being Monday, 15 August 2022) First Interest Paid To: Holder on Record Date Record Date: 10 calendar days prior to the relevant Payment Date Minimum Application Amount: $5,000 and in multiples of $1,000 thereafter Minimum Holding: $5,000 Minimum Transferable Amount: $1,000 Face Value: NZ$1.00 Supervisor: The New Zealand Guardian Trust Company Limited Lead Manager: Forsyth Barr Limited as Arranger and Joint Lead Manager. Bank of New Zealand and Craigs Investment Partners Limited as Joint Lead Manager. Trust Deed Dated: Master Trust Deed dated 4 April 2003 (as amended from time to time) and Supplemental Trust Deed dated 2 May 2022 Issue Date: Friday, 13 May 2022 Registrar: Computershare Investor Services Limited ("RMLT") Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Monday, 16 May 2022 Mark Peterson Chief Executive Officer NZX Limited 05 April 2022 End CA:00391586 For:REGCO Type:OFFER Time:2022-05-05 16:54:24