Ann: RELINT: TEL: Ongoing Disclosure Notice

• Release Date: 25/05/12 15:48
• Summary: RELINT: TEL: Ongoing Disclosure Notice
• Price Sensitive: No
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TEL
25/05/2012 13:48
RELINT

REL: 1348 HRS Telecom Corporation of New Zealand Limited

RELINT: TEL: Ongoing Disclosure Notice

Ongoing Disclosure Notice
Disclosure of Directors and Officers Relevant Interests
Section 19T(2), Securities Markets Act 1988

A Details of director or officer
Name of director or officer of public issuer:  Paul Joseph Reynolds
Name of public issuer: Telecom Corporation of New Zealand Limited
Name of related body corporate (if applicable):
Position held in public issuer:  Director

B Securities in public issuer or related body corporate to which this
disclosure relates
Number, class, and type of securities: 1  389,136 ordinary shares subject to
restrictive conditions issued pursuant to the CEO Performance Incentive
Scheme

C Nature of relevant interest and name of registered holder
Nature of relevant interest in those securities: 2  Legal interest in
ordinary shares issued pursuant to the CEO Performance Incentive Scheme
Name of registered holder of those securities 3  Paul Joseph Reynolds

D Details of acquisitions and disposals
If the relevant interest was acquired--
Date of acquisition: 4 25-May-12
Consideration paid for acquisition: 5  N/A

If the relevant interest was disposed of--
Date of disposal: 6  N/A
Consideration recieved for disposal: 7 N/A

Type of transaction
Describe the arrangement pursuant to which, or the circumstances in which,
the acquisition or disposal took place: 8  Unrestricting of 389,136 ordinary
shares issued under the CEO Performance Incentive Scheme

E Total number of transactions this notice relates to: 9  One

F Date of last disclosure notice (whether in form 1 or form 2) by the
director or officer: 10  16 January 2012

G Signature
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:

References
1.  Regulation 8.
2.  Regulation 7.
3.  Regulation 7.
4.  Regulation 9.
5.  Regulation 10.
6.  Regulation 9.
7.  Regulation 10.
8.  Regulation 11.
9.  Regulation 12 (2)
10.  Regulation 13.
11. Regulation 14.
End CA:00223274 For:TEL    Type:RELINT     Time:2012-05-25 13:48:52