Page 1

DISCLAIMER This presentation has been prepared by Mercury NZ Limited and its group of companies ( " Company " ) for informational purposes . This disclaimer applies to this document and the verbal or written comments of any person presenting it . Information in this presentation has been prepared by the Company with due care and attention . However , neither the Company nor any of its directors , employees , shareholders nor any other person gives any warranties or representations ( express or implied ) as to the accuracy or completeness of this information . To the maximum extent permitted by law , none of the Company , its directors , employees , shareholders or any other person shall have any liability whatsoever to any person for any loss ( including , without limitation , arising from any fault or negligence ) arising from this presentation or any information supplied in connection with it . This presentation may contain projections or forward - looking statements regarding a variety of items . Such projections or forward - looking statements are based on current expectations , estimates and assumptions and are subject to a number of risks , and uncertainties , including material adverse events , significant one - off expenses and other unforeseeable circumstances . There is no assurance that results contemplated in any of these projections and forward- looking statements will be realised , nor is there any assurance that the expectations , estimates and assumptions underpinning those projections or forward- looking statements are reasonable . Actual results may differ materially from those projected in this presentation . No person is under any obligation to update this presentation at any time after its release or to provide you with further information about the Company . The information in this presentation is of a general nature and does not constitute financial product advice , investment advice or any recommendation . The presentation does not constitute an offer to sell , or a solicitation of an offer to buy , any security and may not be relied upon in connection with the purchase or sale of any security . Nothing in this presentation constitutes legal , financial , tax or other advice . 1 D