0001019155-03-000179 Sample Contracts

TELECOM CORPORATION OF NEW ZEALAND LIMITED AND THE BANK OF NEW YORK
Deposit Agreement • April 10th, 2003 • Telecom Corp of New Zealand LTD • Telephone communications (no radiotelephone) • New York

THIRDFOURTH AMENDED AND RESTATED DEPOSIT AGREEMENT dated as of December 30, 2002_________, 2003 among TELECOM CORPORATION OF NEW ZEALAND LIMITED, incorporated under the laws of New Zealand (herein called the Issuer), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners and holdersBeneficial Owners from time to time of American Depositary Receipts issued hereunder.

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IN CERTAIN CIRCUMSTANCES SHARES REPRESENTED BY THIS RECEIPT MAY BE SOLD WITHOUT THE CONSENT OF OWNERS. IN ADDITION THE RIGHT OF OWNERS OF RECEIPTS TO DIRECT THE VOTING OF SHARES MAY BE RESTRICTED AS DESCRIBED IN PARAGRAPH 9 BELOW. Exhibit A to Deposit...
Deposit Agreement • April 10th, 2003 • Telecom Corp of New Zealand LTD • Telephone communications (no radiotelephone)

The Bank of New York as depositary (hereinafter called the "Depositary"), hereby certifies that ____________________________________________________________, or registered assigns IS THE OWNER OF ___________________________________

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