Ann: BUYBACK: TEL: Daily Buyback Notice

• Release Date: 15/10/12 10:54
• Summary: BUYBACK: TEL: Daily Buyback Notice
• Price Sensitive: No
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TEL
15/10/2012 08:54
BUYBACK

REL: 0854 HRS Telecom Corporation of New Zealand Limited

BUYBACK: TEL: Daily Buyback Notice

TRISTAN GILBERTSON
Group General Counsel & Company Secretary

Market Information Services Section
NZX Limited
Wellington

15 October 2012

NOTIFICATION OF ACQUISITION OF SECURITIES

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, this
notice concerns those securities in Telecom Corporation of New Zealand
Limited ("Telecom") that have been acquired on market by Telecom on 12
October 2012.
Details of the acquisition are as follows:

a) Security Acquired Ordinary Shares
    ISIN NZTELE0001S4

b) Number of securities acquired
 2,000,000
c) Average consideration per security acquired
 $2.3285
d) Payment type
 Cash Payment
e) Any amount paid up (if not in full) Not applicable
f) Percentage of total securities acquired
 0.1076%
g) Reason for acquisition Return of surplus capital to shareholders

h) Specific authority for the acquisition

Directors' Resolution
i) Any terms of the acquisition
 Not applicable
j) Total number of securities after acquisition
 1,855,984,651

k) Intentions for shares acquired
 Cancellation
l) Date of acquisition
 12 October 2012
Yours faithfully

Tristan Gilbertson
Group General Counsel & Company Secretary
End CA:00228431 For:TEL    Type:BUYBACK    Time:2012-10-15 08:54:16