TEL 0.88% $2.87 telecom corporation of new zealand limited

Ann: ALLOT: TEL: Allotment of Securities

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    TEL
    27/09/2012 14:41
    ALLOT
    
    REL: 1441 HRS Telecom Corporation of New Zealand Limited
    
    ALLOT: TEL: Allotment of Securities
    
    TRISTAN GILBERTSON
    Group General Counsel & Company Secretary
    
    Client and Market Services
    NZX Limited
    PO Box 2959
    Wellington
    New Zealand
    
    27 September 2012
    
    NOTIFICATION OF ALLOTMENT OF SECURITIES
    
    For the purposes of Listing Rules 7.12.1 and 7.12.9 of the NZSX Listing
    Rules, Telecom Corporation of New Zealand Limited advises the following
    securities have been issued pursuant to its Share Rights Scheme:
    7.12.1
    
    a) Class of Security
    
    Ordinary Shares
    ISIN NZTELE0001S4
    
    b) Number Issued
     44,594
    c) Issue Price
     No cash issue price.  The consideration for the shares issued on exercise of
    the share rights was services provided as a group employee
    
    d) Payment terms
     N/A
    e) Amount Paid Up  In full
    f) Percentage of total class issued
     0.0024%
    
    g) Reason for issue Issue of ordinary shares upon exercise of share rights
    pursuant to the Telecom Share Rights Scheme
    
    h) Authority for issue
     Telecom Share Rights Scheme
    
    i) Terms of Issue
     The shares rank pari passu with the existing ordinary shares
    
    j) Total number of securities after issue
     1,854,145,292
    
    l) Date of issue
     27 September 2012
    7.12.9
    
    a) Number of Securities converted 44,594 share rights issued pursuant to the
    Telecom Share Rights Scheme
    
    b) Number and Class of Securities into
    which have been converted 44,594 ordinary shares
    
    c) Details of any interests or dividend
    conditions attaching to Securities Converted
    and allotted upon Conversion
     None
    d) Number of Securities of the same class
    that remain to be Converted 1,529,158 share rights issued pursuant to the
    Telecom Share Rights Scheme and 1,393,276 share rights issued pursuant to the
    Telecom Performance Rights Scheme
    
    Yours faithfully
    
    Tristan Gilbertson
    Group General Counsel & Company Secretary
    End CA:00227819 For:TEL    Type:ALLOT      Time:2012-09-27 14:41:35
    				
 
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