ALLOT: TEL: Allotment of Securities

12 Mar 2010 10:50 am

TEL 12/03/2010 ALLOT

REL: 1050 HRS Telecom Corporation of New Zealand Limited (NS)

ALLOT: TEL: Allotment of Securities

NOTIFICATION OF ALLOTMENT OF SECURITIES

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Telecom Corporation of New Zealand Limited advises the following securities have been issued pursuant to the Dividend Reinvestment Plan: a) Class of Security Ordinary Shares ISIN NZTELE0001S4

b) Number Issued: 22,387,656 c) Issue Price: $2.1804 d) Payment terms: Cash Payment e) Amount Paid Up: In full f) Percentage of total class issued: 1.182% g) Reason for issue: Issue of shares under the Dividend Reinvestment Plan: Dividend Reinvestment Plan i) Terms of Issue: The shares rank pari passu with the existing ordinary shares j) Total number of securities after issue: 1,916,789,520 l) Date of issue: 12 March 2010 End CA:00192410 For:TEL Type:ALLOT Time:2010-03-12:10:50:51

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