Mercury to redeem MCY020 Capital Bonds

Mercury NZ Limited (Mercury) announces that it is exercising its right to fully redeem its NZ$300 million of subordinated capital bonds (NZDX ticker code: MCY020) (MCY020 Bonds). The redemption will occur in accordance with the trust deed for the MCY020 Bonds on the first reset date, 11 July 2024. Holders of the MCY020 Bonds will be entitled to receive the principal amount (NZ$1.00) of each MCY020 Bond held, together with accrued and unpaid interest up to the first reset date. Mercury will notify all the holders of the MCY020 Bonds of this decision. A template letter is attached to this announcement. 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 and Social Impact Lead 027 210 5337 mercurycommunications@mercury.co.nz