NZX Announcement
19 November 2008
Issue of Shares following exercise of Employee Share Options
Information required by Listing Rule 7.12.1
a) Class of Security : Ordinary Shares [NZTPWE000157]
b) Number of Shares issued : 10,000
c) Issue Price : $6.17
d) Payment : Cash
e) Paid up amount : Fully paid
f) Ordinary Shares Issued as a percentage of total
ordinary shares : 0.003%
g) Reason for issue : Exercise of Tranche Three Options in
relation to the TrustPower Executive Share Option Plan dated 28 February
2006.
h) Specific authority for issue : Board resolution
i) Terms of details of the issue : N/A
j) Total number of ordinary shares in existence
after issue (including shares held as treasury stock): 315,446,872
k) Acquisition of Shares : N/A
l) Date of issue : 18 November 2008
Information required by Listing Rule 7.12.9 Notice Upon Conversion
a) Number of securities converted and number and class of :
10,000 Tranche Three Share Options securities into which they have been
converted to be converted into 10,000 ordinary
shares.
b) Interest or Dividend Conditions attaching to securities :
None
converted
c) Securities of same class remain to be converted : 305,000
Tranche Three Options able to be exercised between 19 November 2007 and 28
February 2010.
: 400,000 Tranche Four Options not yet available to be
exercised.
Robert Farron
Company Secretary
021 224 7275
End CA:00173068 For:TPW Type:ALLOT Time:2008-11-19:13:31:12