This appointment follows an external review and search by the Vector Board.

Mr Hassall is currently the Chair of Fletcher Building Limited, the Chair of The Farmers' Trading Company Limited and Profile Group Holdings Limited, is a director of Fonterra Co-operative Group Limited, and was formally senior partner and CEO of PwC New Zealand.

The board has determined that Mr Hassall will be an independent director. As this appointment is to fill a casual vacancy, Mr Hassall will stand for election at the next meeting of shareholders.

Contact:

Tel: (0508 863 342).

Email: media@vector.co.nz

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