Dividend Reinvestment Plan strike price

Mercury advises that the price at which shares will be transferred for the FY2023 final ordinary dividend under the Company's Dividend Reinvestment Plan (DRP) is NZ$6.0762 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 18 September 2023, less a 2.0% discount. Shareholders who have elected to participate in the DRP will receive shares instead of cash in respect of the FY2023 final ordinary dividend payable on 29 September 2023. ENDS Howard Thomas General Counsel and Company Secretary Mercury NZ Limited For investor relations queries, please contact: Paul Ruediger Head of Business Performance & Investor Relations 027 517 3470 investor@mercury.co.nz For media queries, please contact: Shannon Goldstone Reputation & Social Impact Lead 027 210 5337 mercurycommunications@mercury.co.nz End CA:00418809 For:MCY Type:GENERAL Time:2023-09-25 14:08:16