Ann: BUYBACK: TEL: Daily DRP Buyback Notice

• Release Date: 15/03/13 10:46
• Summary: BUYBACK: TEL: Daily DRP Buyback Notice
• Price Sensitive: No
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TEL
15/03/2013 08:46
BUYBACK

REL: 0846 HRS Telecom Corporation of New Zealand Limited

BUYBACK: TEL: Daily DRP Buyback Notice

LAURA BYRNE
Company Secretary

Market Information Services Section
NZX Limited
Wellington

15 March 2013

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 14 March
2013.

Details of the acquisition are as follows:

a) Security Acquired Ordinary Shares
    ISIN
 NZTELE0001S4
b) Number of securities acquired
 500,000
c) Average consideration per security acquired
 NZ$2.2903
d) Payment type
 Cash Payment
e) Any amount paid up (if not in full)
 Not applicable
f) Percentage of total securities acquired
 0.0275%
g) Reason for acquisition
 Eliminate an increase in capital arising pursuant to the Dividend
Reinvestment Plan

h) Specific authority for the acquisition
 Directors' Resolution
i) Any terms of the acquisition
 Not applicable
j) Total number of securities after acquisition
 1,815,996,462
k) Intentions for shares acquired
 Cancellation
l) Date of acquisition
 14 March 2013

Yours faithfully

Laura Byrne
Company Secretary
End CA:00234152 For:TEL    Type:BUYBACK    Time:2013-03-15 08:46:27