Announcement

SECISSUE: TRP: Allotment of securities 08:58a.m. 
TRP  
15/03/2019 08:58  
SECISSUE  
NOT PRICE SENSITIVE  
REL: 0858 HRS Transpower New Zealand Limited  
 
SECISSUE: TRP: Allotment of securities  
 
Section 1: issuer information  
 
Name of issuer: Transpower New Zealand Limited (TRP)  
NZX ticker code: TRP060  
Class of Financial Product: Fixed Rate Bonds  
ISIN: NZTRPD0060L0  
 
Section 2: capital change details  
 
Number issued/acquired/redeemed/: 150,000,000  
Nominal value (if any): NZ$150,000,000  
Issue/acquisition/redemption/ price: NZ$1.00 per bond  
Nature of the payment (for example,cash or other consideration: Payment in  
cash  
Amount paid up (if not in full): Fully paid  
Percentage of total class of Financial Products  
issued/acquired/redeemed/(calculated on the number of Financial roducts of  
the Class, excluding any Treasury Stock, in existence: 100%  
For an issue of Convertible Financial Products or Options, the principal  
terms of Conversion (for example the Conversion price and Conversion date and  
the ranking of the Financial Product in relation to other Classes of  
Financial Product) or the Option (for example, the exercise price and  
exercise date): The principal terms of the fixed rate bonds are set out in  
pricing supplement (no. 12) dated 7 March 2019  
Reason for issue/acquisition/redemption and specific authority for  
issue/acquisition/redemption/ (the reason for change must be identified  
here): The net proceeds from the issue are intended to be applied for the  
general corporate purposes of the Transpower group  
Total number of Financial Products of the Class after the  
issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the  
total number of Financial Products of the Class held as Treasury Stock after  
the issue/acquisition/redemption: 100%  
In the case of an acquisition of shares, whether those shares are to be held  
as treasury stock: Not applicable  
Specific authority for the issue, acquisition, or redemption, including a  
reference to the rule pursuant to which the issue, acquisition, or redemption  
is made: Not applicable  
Terms or details of the issue, acquisition, or redemption (for  
example:restrictions, escrow arrangements): As set out in pricing supplement  
(no. 12) dated 7 March 2019  
Date of issue/acquisition/redemption: 14/03/2019  
 
Section 3: authority for this announcement  
 
Name of person authorised to make this announcement: Chris Sutherland  
Contact phone number: 021 994 925  
Contact email address: Chris.Sutherland@transpower.co.nz  
Date of release via MAP: 14/03/2019  
End CA:00332017 For:TRP Type:SECISSUE Time:2019-03-15 08:58:21