Ann: BUYBACK: TEL: Daily Buyback Notice

• Release Date: 23/11/12 11:19
• Summary: BUYBACK: TEL: Daily Buyback Notice
• Price Sensitive: No
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TEL
23/11/2012 09:19
BUYBACK

REL: 0919 HRS Telecom Corporation of New Zealand Limited

BUYBACK: TEL: Daily Buyback Notice

Laura Byrne
Company Secretary

Market Information Services Section
NZX Limited
Wellington

23 November 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 22
November 2012.
Details of the acquisition are as follows:

a) Security Acquired Ordinary Shares
    ISIN
 NZTELE0001S4
b) Number of securities acquired
 1,300,000
c) Average consideration per security acquired
 2.3350
d) Payment type
 Cash Payment
e) Any amount paid up (if not in full)
 Not applicable
f) Percentage of total securities acquired
 0.0702%
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
 1,849,399,451
k) Intentions for shares acquired
 Cancellation
l) Date of acquisition
 22 November 2012

Yours faithfully

Laura Byrne
Company Secretary
End CA:00230143 For:TEL    Type:BUYBACK    Time:2012-11-23 09:19:04