Ann: BUYBACK: TEL: DRP Share Buyback Programme

• Release Date: 20/03/13 11:53
• Summary: BUYBACK: TEL: DRP Share Buyback Programme
• Price Sensitive: No
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TEL
20/03/2013 09:53
BUYBACK

REL: 0953 HRS Telecom Corporation of New Zealand Limited

BUYBACK: TEL: DRP Share Buyback Programme

LAURA BYRNE
Company Secretary

Market Information Services Section
NZX Limited
Wellington

20 March 2013

DRP Share Buyback Programme

For the purposes of section 65(2) of the Companies Act 1993, this notice
concerns those securities in Telecom Corporation of New Zealand Limited
("Telecom") that have been acquired on market by Telecom between 13 and 19
March 2013 to eliminate an increase in capital arising pursuant to Telecom's
dividend reinvestment plan ("DRP").
Details of the acquisition are as follows:

a) Class of securities acquired Ordinary Shares
    ISIN NZTELE0001S4

b) Number of securities acquired
 3,300,290
c) Consideration paid for securities acquired
 NZ$7,501,111 (average consideration of NZ$2.2729 per share)

d) Identity of the sellers

Not known to Telecom
e) Number of securities cancelled on acquisition
 3,300,290
f) Total number of securities on issue after acquisition and cancellation
 1,813,696,172

Yours faithfully

Laura Byrne
Company Secretary
End CA:00234342 For:TEL    Type:BUYBACK    Time:2013-03-20 09:53:07