Ann: CREDIT: TEL: Fitch ceases coverage of Teleco

• Release Date: 29/06/12 11:30
• Summary: CREDIT: TEL: Fitch ceases coverage of Telecom
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TEL
29/06/2012 09:30
CREDIT

REL: 0930 HRS Telecom Corporation of New Zealand Limited

CREDIT: TEL: Fitch ceases coverage of Telecom

STOCK EXCHANGE ANNOUNCEMENT

29 June 2012

Fitch ceases coverage of Telecom

Fitch has announced that it will no longer provide ratings or analytical
coverage of Telecom.

Telecom formally engages both Standard & Poor's (S&P) and Moody's Investors
Service (Moody's) in relation to rating agencies services.  S&P's long term
credit rating for Telecom is A-/Stable and Moody's long term credit rating is
A3/Stable.

- ends -
Contact:

For investor relations queries, please contact:
Stefan Knight
Head of Investor Relations
+64 (0) 27 252 9438

For media queries, please contact:
Mike Burgess
Head of Group Communications
+64 (0) 27 611 1108
End CA:00224421 For:TEL    Type:CREDIT     Time:2012-06-29 09:30:08