Trans Power Fin. Ld

Listing Particulars

Trans Power Finance Ld
20 December 2001


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE:       20th December 2001

Application has been made to the UK Listing Authority for the following
securities to be admitted to the Official List.

DETAILS OF ISSUE:       US $1,000,000,000 Guaranteed Euro Medium Term Note
                        Programme

ISSUER:                 Transpower New Zealand Limited and Transpower Finance
                        Limited

INCORPORATED IN:        New Zealand

GUARANTOR:              N/A

INCORPORATED IN:        N/A

Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:

Deutsche Bank AG London         Linklaters
Winchester House                One Silk Street
1 Great Winchester Street       London EC2Y 8HQ
London EC2N 2DB

In addition, a copy of the Particulars is available for inspection at the
Document Viewing Facility at the Financial Services Authority,
25 The North Colonnade, London E14 5HS.