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REMINDER/ To All Telecom New Zealand Analysts;1999/2000 Fourth Quarter & Full Year...

Business Editors and Technology Writers

REMINDER... for Monday (Aug. 14)

--(BUSINESS WIRE)

Telecom New Zealand Ltd. (NYSE:NZT) will report its fourth quarter & full year results on Monday, August 14.

Results will be released to the stock exchange at 5:00

pm ET and will also be available on our Internet site:

http://202.27.156.72/invest/financial/latest/index.html

This quarter there will be a briefing for analysts via audio conference call at 7:00 pm ET. Telecom's Chairman Roderick Deane, CEO Theresa Gattung, and CFO Marko Bogoievski will discuss the results and answer questions.

Presentation visuals will be available on the Telecom website at 5:00 pm ET, and a recording of the conference call will be available on the Telecom website by 11:00 pm ET.

To register for the call please e-mail dale.smith@telecom.co.nz or contact Dale on +64 4 498-9433.

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