26 August 2008
Market Information Services Section
New Zealand Exchange Limited
Wellington
NOTIFICATION OF ALLOTMENT OF SECURITIES
For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Telecom
Corporation of New Zealand Limited advises the following securities have been
issued pursuant to the Employee Incentive Schemes:
a) Class of Security Ordinary Shares
ISIN NZTELE0001S4
b) Number Issued
102,760
c) Issue Price
Nil
d) Payment terms
Cash Payment
e) Amount Paid Up In full
f) Percentage of total class issued
0.005628%
g) Reason for issue Issue of shares under the Employee Incentive Scheme
h) Authority for issue
Employee Incentive Scheme
i) Terms of Issue
The shares rank pari passu with the existing ordinary shares
j) Total number of securities after issue
1,825,862,754
l) Date of issue
8, 20 & 22 August 2008
Yours faithfully
Craig Mulholland
Group Company Secretary
End CA:00169155 For:TEL Type:ALLOT Time:2008-08-26:16:22:56