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CONTINUOUS DISCLOSURE.

We need to make sure the market and our shareholders have timely, accurate and relevant information so they can make informed decisions. Our business and business environment can change quickly and for that reason we have in place processes to provide the New Zealand and Australian stock exchanges with new information when that arises – this is called “continuous disclosure”.

WHAT THIS MEANS FOR YOU:

• Be aware of Mercury’s continuous disclosure obligations (what we need to tell the market about) as set out in the Market Disclosure Policy

• Ensure you understand what ‘material information’ means.

• Don’t communicate material information to anyone unless it has been disclosed to the market.

• Understand the role of the Disclosure Officer and Disclosure Committee.

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