Spark New Zealand : Update - Dividend/Distribution - SPK

Update Summary

Entity name

SPARK NEW ZEALAND LIMITED

Security on which the Distribution will be paid

SPK - ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Announcement Type

Update to previous announcement

Date of this announcement

31/3/2022

Reason for the Update

Confirmation of AUD rate and DRP price

Refer to below for full details of the announcement

Announcement DetailsPart 1 - Entity and announcement details

1.1 Name of +Entity

SPARK NEW ZEALAND LIMITED

1.2 Registered Number Type

ARBN

1.3 ASX issuer code

SPK

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Confirmation of AUD rate and DRP price

Registration Number 050611277

1.4b Date of previous announcement(s) to this update 23/2/2022

1.5 Date of this announcement 31/3/2022

1.6 ASX +Security Code SPK

ASX +Security Description

ORDINARY FULLY PAID FOREIGN EXEMPT NZXPart 2A - All dividends/distributions basic details

• 2A.1 Type of dividend/distribution

  Ordinary

• 2A.2 The Dividend/distribution: relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date) 31/12/2021

2A.4 +Record Date

2A.4 +Record Date 25/3/2022

2A.5 Ex Date

24/3/2022

2A.6 Payment Date

8/4/2022

• 2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

  Security holder approval

  Court approval

  Lodgement of court order with +ASICACCC approval

  FIRB approval

  Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

  No

• 2A.8 Currency in which the dividend/distribution is made ("primary currency")

NZD - New Zealand Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

NZD 0.14705882

2A.9a AUD equivalent to total dividend/distribution amount per +security

AUD 0.13657353

2A.9b If AUD equivalent not known, date for information Estimated or Actual?

to be released 31/3/2022

Actual

2A.9c FX rate (in format AUD 1.00 / primary currency rate): AUD

AUD 1.00

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

FX rate (in format AUD rate/primary currency rate) Primary Currency rate

NZD 1.07677399

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to 2A.11a(i) DRP Status in respect of thisthis dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

dividend/distribution Full DRP

No

2A.13 Withholding tax rate applicable to the dividend/distribution (%)

2A.13 Withholding tax rate applicable to the dividend/distribution (%) 15.000000 %

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

NZD 0.12500000

• 3A.2 Is the ordinary dividend/distribution franked?

  No

• 3A.3 Percentage of ordinary dividend/distribution that is franked 0.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

NZD 0.00000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount NZD 0.12500000

3A.1a Ordinary dividend/distribution estimated amount per +security

NZD

3A.5 Percentage amount of dividend which is unfranked 100.0000 %

Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution

• 3F.1 Is a supplementary dividend/distribution payable?

  Yes

• 3F.2 Is the supplementary dividend/distribution estimated at this time?

3F.2a Supplementary dividend/distribution estimated amount per +security

No

NZD

3F.2b Supplementary dividend/distribution amount per +security NZD 0.02205882

3F.3 Is the Supplementary dividend/distribution franked?

No

3F.4 Percentage of Supplementary dividend/distribution	3F.4a Applicable corporate tax rate for franking credit
that is franked	(%)
0.0000 %	%
3F.5 Supplementary dividend/distribution franked	3F.6 Percentage of Supplementary dividend/distribution
amount per +security	that is unfranked
Notification of dividend / distribution	4 / 6

amount per +security

NZD 0.00000000

that is unfranked 100.0000 %

3F.7 Supplementary dividend/distribution unfranked amount per security NZD 0.02205882

Part 4A - +Dividend reinvestment plan (DRP)

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of election	4A.3 DRP discount rate
notices to share registry under DRP
0.0000 %
Monday March 28, 2022 15:00:00
4A.4 Period of calculation of reinvestment price
Start Date	End Date
24/3/2022	30/3/2022
4A.5 DRP price calculation methodology

The price is calculated as the volume weighted average sale price (expressed in cents and decimals of cents) for a Share, calculated on all price setting trades of Shares which took place through the NZX Main Board over a period of five Business Days commencing on 24 March 2022 in accordance with the DRP Terms and Conditions.

4A.6 DRP Price (including any discount):

NZD 4.63390

4A.7 DRP +securities +issue date 8/4/2022

4A.8 Will DRP +securities be a new issue?

Yes

4A.8a Do DRP +securities rank pari passu from +issue date?

Yes

• 4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

  No

• 4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

Yes

4A.11a Conditions for DRP participation

Spark New Zealand may, in its absolute discretion, elect not to offer participation under the Plan to Shareholders whose address is outside New Zealand or Australia.

The full terms and conditions of the DRP as determined by the Spark New Zealand Board are set out in the DRP Offer Document atinvestors.sparknz.co.nz

4A.12 Link to a copy of the DRP plan rulesinvestors.sparknz.co.nz