TEL telecom corporation of new zealand limited

Ann: BUYBACK: TEL: Daily DRP Notice

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    TEL
    27/03/2012 08:30
    BUYBACK
    
    REL: 0830 HRS Telecom Corporation of New Zealand Limited
    
    BUYBACK: TEL: Daily DRP Notice
    
    Market Information Services Section
    NZX Limited
    Wellington
    
    27 March 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 26 March
    2012.
    Details of the acquisition are as follows:
    
    a) Security Acquired Ordinary Shares
        ISIN
     NZTELE0001S4
    b) Number of securities acquired
     1,000,000
    c) Average consideration per security acquired
     2.3994
    d) Payment type
     Cash Payment
    e) Any amount paid up (if not in full)
     Not applicable
    f) Percentage of total securities acquired
     0.0522%
    g) Reason for acquisition
    
     Eliminate an increase in capital arising pursuant to the dividend
    reinvestment plan
    h) Specific authority
     Directors' Resolution
    i) Any terms of the acquisition
     Not applicable
    j) Total number of securities after acquisition
     1,914,929,073
    k) Intentions for shares acquired
     Cancellation
    l) Date of acquisition
     26 March 2012
    
    Yours faithfully
    
    Tristan Gilbertson
    Group General Counsel & Company Secretary
    End CA:00221164 For:TEL    Type:BUYBACK    Time:2012-03-27 08:30:08
    				
 
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