SSH: PLU: SSH Notice

18 Jun 2010 5:19 pm

PLU 18/06/2010 SSH

REL: 1719 HRS Pulse Utilities New Zealand Limited

SSH: PLU: SSH Notice

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both Sections 23 and 24, Securities Markets Act 1988

Relevant event being disclosed: Movement of 1% or more in substantial holding

Date of relevant event: 18 June 2010 To: NZX Limited And: Pulse Utilities New Zealand Limited Date this disclosure made: 18 June 2010 Date last disclosure made: 22 December 2010

Substantial security holder(s) giving disclosure Name(s): Robert Famularo, Kerry Margaret Famularo and KM Trustee Services Limited Contact details: Matt Yates, mattyates@quiggpartners.com, 04 474 0768

Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary Shares Summary for: Robert Famularo, Kerry Margaret Famularo and KM Trustee Services Limited

For this disclosure,-- (a) total number held in class: 3,700,000 (b) total in class: 27,374,952 (c) total percentage held in class: 13.516%

For last disclosure,-- (a) total number held in class: 2,500,000 (b) total in class: 24,972,952 (c) total percentage held in class: 10.011%

Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure under the instructions to this form: Off-market purchase of 600,000 shares at $0.50 per share on 18 June 2010. Subscription for 600,000 shares at $0.50 per share under a private placement on 18 June 2010. Details of relevant interests in substantial holding after relevant event Details for: Robert Famularo, Kerry Margaret Famularo and KM Trustee Services Limited Nature of relevant interest(s): Registered holder and beneficial owner of securities. For that relevant interest,-- (a) number held in class: 3,700,000 (b) percentage held in class: 13.516% (c) current registered holder(s) of securities: Robert Famularo, Kerry Margaret Famularo and KM Trustee Services Limited (d) registered holder(s) of securities once transfers registered: N/A

Additional information Nature of connection between substantial security holders: Trustees of the Famularo Family trust. Address(es) of substantial security holder(s): 284a Remuera Road, Remuera, Auckland 1050 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: N/A

Declaration I, Matthew Yates, declare 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. End CA:00196288 For:PLU Type:SSH Time:2010-06-18:17:19:52

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