MERCURY NZ LIMITED — Director's Dealing 2021

May 25, 2021

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		MercuryNZ Limited
Date this disclosure made:		25 May2021
Date of last disclosure:		27 July2020

Director or senior managergiving disclosure Full name(s): Name of listed issuer: Name of related body corporate (if applicable): Position held in listed issuer:
Full name(s):	AntonyPaul Nagel
Name of listed issuer:	MercuryNZ Limited
Name of related body corporate (if applicable):	Not applicable
Position held in listed issuer:	Former GM Corporate Affairs

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:		Ordinary shares in Mercury NZ Limited(NZX: MCY)	Ordinary shares in Mercury NZ Limited(NZX: MCY)
Nature of the affected relevant interest(s):		Beneficial owner pursuant to Mercury's Long Term Incentive Plan under which the shares are held on trust by Mercury LTI Limited, subject to certain performance targets being met over the period ending 30 June 2021, upon which the shares will vest	Registered holder and beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:		21,973	56,912
Number held in class after acquisition or disposal:		0	77,662
Current registered holder(s):		MercuryLTI Limited	AntonyPaul Nagel
Registered holder(s) once transfers are registered:		N/A	N/A

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

		ble)
		Not applicable
		Not applicable
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		Not applicable
A statement as to whether the derivative is cash settled orphysicallysettled:		Not applicable
Maturitydate of the derivative (if any):		Not applicable
Expirydate of the derivative(if any):		Not applicable
Theprice specified in the terms of the derivative(if any):		Not applicable
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:		Not applicable
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:		Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:		Not applicable

Details of transactions giving rise to acquisition or disposal

		21 May2021	21 May2021
		Off-market transfer to Antony Paul Nagel of 20,750 shares held on trust by Mercury LTI Limited which vested upon the assessment of performance targets folloing cessation of employment on 2 February 2021	Following the vesting of a proportion of the shares, 1,223 shares held by Mercury LTI Limited on Antony Paul Nagel's behalf became forfeited shares and Mercury LTI Limited exercised its call option to require Antony Paul Nagel to transfer to it all of his beneficial interest in the forfeited shares on 21 May 2021
		MercuryLTI Limited	MercuryLTI Limited
		Nil	$3,564.77, being the outstanding loan balance in respect of the forfeited shares which was transferred to Mercury LTI Limited
		20,750	1,223
		Not applicable Not applicable Not applicable Ordinary shares in Mercury NZ Limited(NZX: MCY) Registered holder as trustee of the Kookaburra Trust 1,040 Antony Paul Nagel and Shelley Annette Trueman as trustees of the Kookaburra Trust Not applicable
Whether relevant interests were acquired or disposed of duringa closedperiod:		Not applicable
Whether prior written clearance was provided to allow the acquisition or disposal to proceed duringthe closedperiod:		Not applicable
Date of the prior written clearance (if any):		Not applicable
Summary of other relevant interests after acquisition or disposal: Class ofquoted financialproducts: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):		Not applicable
A statement as to whether the derivative is cash settled or physically settled:		Not applicable
Maturity date of the derivative (if any):		Not applicable
Expiry date of the derivative (if any):		Not applicable
The price's specified terms (if any):		Not applicable
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlyingfinancialproducts:		Not applicable
For that derivative relevant interest,-
Parties to the derivative:		Not applicable
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:		Not applicable

Certification

I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

Signature of director or officer:

Date of signature:

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature: Name and title of authorised person:

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25 May 2021

Garth Landers, Senior Legal Counsel