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Telecom Corporation of New Zealand Limited 

Trading Halt Request Telecom Corporation of New Zealand Limited (Telecom) requests that NZX and ASX halt trading in its securities on their respective stock exchanges pending the outcome of discussions in relation to a disposal of assets. We request that the trading halt be granted until a further announcement is made to the market. Telecom is not aware of any reason why the trading halt should not be granted. Yours sincerely Craig Mulholland Group Company Secretary

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