Investor Presentaiton

• Retail sale • On 1 May 2022 we completed the sale of our mass market retail business to Mercury NZ. Many years of work have gone into setting our retail business up for a bright future and this was reflected in the sale price. • Our retail operations were in strong shape to hand over, thanks to the significant efforts of our people to maintain momentum in growth and customer service through this transition, and in the required separation activities. 5% increase in customers with two or more services, and 93% increase in mobile connections during FY-22, despite COVID and sale disruption.

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