Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: 27 August 2008
Date of relevant event: 20 August 2008
To: New Zealand Exchange Limited
And: Telecom Corporation of New Zealand
Date this disclosure made: 27 August 2008
Date last disclosure made: 18 December 2007
Substantial security holder(s) giving disclosure
Name(s): Commonwealth bank of Australia and Subsidiaries (Commonwealth Bank
Group)
Contact person: Lynn Anderson
Contact number: +61 2 9303 7089
Email: landerson@colonialfirststate.com.au
Summary of substantial holding to which disclosure relates
Class of listed voting securities: ordinary share
Summary for: Commonwealth Bank Group
For this disclosure,--
(a) total number held in class: 126,506,986
(b) total in class: 1,825,558,448
(c) total percentage held in class: 6.93%
For last disclosure,--
(a) total number held in class: 193,369,318
(b) total in class: 1,825,558,448
(c) total percentage held in class: 10.59%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form: [specify details required by the instructions to
this form]
Additional information
Address of substantial security holder(s): Commonwealth Bank Group, Level 7,
48 Martin Place, Sydney, NSW 2000, Australia
Declaration
I, John Damien Hatton, declare that, to the best of my knowledge and belief,
the information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00169277 For:TEL Type:SSH Time:2008-08-28:09:33:22