Saturday, 21 October 2017

Announcement

ADMIN: MCY: Scott St John to join Mercury Board

31 Aug 2017 09:11NZX
Scott St John to join Mercury Board

31 August 2017 - Leading investment advisor and capital markets expert, Scott
St John, has been appointed to the Mercury Board effective 1 September 2017.

Mr St John fills a vacancy created by the retirement of Mike Allen who ended
his tenure in November 2016 after seven years'' service.

Mr St John is Chancellor of University of Auckland and has directorships with
Fisher & Paykel Healthcare Corporation and Fonterra Cooperative Group. He is
also a board member of Next Foundation, and a former member of the Capital
Markets Development Taskforce and the Financial Markets Authority
Establishment Board. He has a Bachelor of Commerce degree and a Postgraduate
Diploma in Business from the University of Auckland, and was the Chief
Executive of First NZ Capital from 2002 to 2017.

Mercury Chair, Joan Withers, said she was delighted to be welcoming Mr St
John to the Mercury Board.

"We have been working carefully towards an appointment that would ensure that
the Board continued to be well balanced with the skills, experience and
diversity to guide Mercury over the long term in a dynamic and highly
competitive environment," Ms Withers said.

"Mr St John''s strong capital markets background and his broad commercial
experience adds to the Board''s collective skills, a review of which has
recently been completed."

In terms of NZX Main Board Listing Rule 3.3.3, the Board of Mercury NZ
Limited has determined that Scott St John is an Independent Director.

Under Mercury''s constitution, Mr St John is required to retire at the next
Annual Shareholders'' Meeting in November 2017 and stand for election by
shareholders at that meeting.

ENDS

For further information:

Investors - Tim Thompson 0275 173 470
Media - Craig Dowling 0272 105 337
End CA:00306476 For:MCY    Type:ADMIN      Time:2017-08-31 09:11:14
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