Vector Limited (NS) — Capital/Financing Update 2017

Nov 2, 2017

MARKET RELEASE 2 November 2017

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NOTICE OF PROVISION OF FINANCIAL ASSISTANCE

Vector Limited ( Vector ) has had an employee share purchase scheme (the Scheme ) since 2011. The Scheme is designed to provide Vector’s employees with the opportunity to share in the future of Vector as shareholders. The shares are acquired by employees through a trustee that administers the scheme, at a market price.

In connection with the 2017 Scheme, Vector has given financial assistance for the purchase of shares in Vector. The financial assistance has been provided under section 80 of the Companies Act 1993. Under section 80(1)(b) of the Companies Act 1993, Vector is required to provide NZX Limited with the following notice in respect of this financial assistance.

This notice is for information only and no action is required.

The details of the financial assistance provided by Vector are as follows:

Recipients of the financial Employees of Vector who applied to acquire Shares under the assistance Scheme at a market price. The Shares are held by Vector ESPS Trustee Limited as trustee for the participants in the Scheme.

Shares in respect of which 43,648 ordinary shares in Vector (the Shares ). the financial assistance was provided

Consideration paid for the $3.32 per Share. Shares

Nature and amount of the The financial assistance was given in the form of interest free loans to financial assistance participants in the Scheme, repayable over a three-year period under the terms of the Scheme. The total amount of the loans made was $144,911.36.

ENDS

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MEDIA RELEASE

2 November 2017

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About Vector

Vector is New Zealand’s leading multi-network infrastructure company which delivers energy and communication services to more than one million homes and businesses across the country.

Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.4%, is Entrust (formerly Auckland Energy Consumer Trust).

For further information, visit www.vector.co.nz

MEDIA QUERIES:

Richard Llewelyn External Relations +64-9-213-0534 Mobile 027-523-2362

ANALYST QUERIES:

Dan Molloy Chief Financial Officer 64-9-213-5179 Mobile 021-441-311

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