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Mercury Green Bond offer – books closed

25/03/2026, 12:53 NZDT, OFFER

Following the bookbuild process for its offer of 7 year unsecured, unsubordinated, fixed rate green bonds (Green Bonds), Mercury NZ Limited (Mercury) confirmed today that the offer has closed and $250 million of Green Bonds have been allocated to the participants (or their clients) involved in the bookbuild process. This includes oversubscriptions of $50 million. There was no public pool for the offer. The issue margin for the Green Bonds has been set at 0.95% per annum and the interest rate will be announced later today alongside the release of the final terms sheet. For further details investors can contact the Joint Lead Managers (details below) or their usual financial advice provider. Arranger and Joint Lead Manager Westpac - 0800 772 142 Joint Lead Managers BNZ - 09 924 9602 Craigs Investment Partners - 0800 272 442 Forsyth Barr - 0800 367 227 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 inquiries, please contact: Catherine Morab Reputation and Social Impact Lead 09 282 1158 mercurycommunications@mercury.co.nz