AECT Trustees

Michael Buczkowski
CEO Hirepool and Director 1995-2003

Registered Electrical Engineer for 19yrs, with a Bachelor of Electrical Engineering degree (B.E. Electrical) plus business degree, MBA (honours).15 years of electrical engineering experience. Member,Institute of Directors.

Sitting member Auckland Energy Community Trust for 2 terms, 2000-2003, 2003 -2006; TMP "work choice Day" programme for Kids; Local school involvement, Volunteer for Salvation Army, support for various community groups and clubs; submissions on ARST and Infrastructure Auckland.

If re-elected I will use commonsense combined with extensive electrical and proven business experience to vigorously promote;

• Security of electrical supply
• Increased dividends to you
• Keeping Vector in Public hands
• Careful prudent spending
• Fair pricing
• Staged, affordable undergrounding
• Informed balanced decisions

Please Vote Citizens & Ratepayers, Buczkowski, Carmichael, Kyd, Sherry.

James Albert Carmichael

Director Ranhill Berhad (Malaysian Public Listed Power Company) and Company Director New Zealand.

Bachelor of Engineering, University of Canterbury (1978); MIPENZ (Member, Institution of Professional Engineers New Zealand); Senior Executive Program, Columbia University Graduate School of Business (1997); Finance for Strategic Decision Making, University of Michigan Business School (2000).

Regional Director, (Asia-Pacific) PowerGen UK plc. A Top FTSE-100 Company (1994-2001)

Body Corporate Committee Member; Coach/manager of boys various sports teams. Member Parnell Tennis Club.

Upon election I will draw upon my vast global experience in the energy sector to:

• continue growing your dividends
• hold line charges to the minimum possible
• preserve Vector under AECT control
• enhance Vector's value
• improve supply security
• maintain undergrounding investment

Please Vote Citizens & Ratepayers: Buczkowski, Carmichael, Kyd and Sherry.

Warren Kyd
Trustee/Consultant MNZM, JP, LLB.

Long standing interest in Commerce (especially energy and telecommunications, government and the law). Married with four adult children. Hobby farm (Alfriston), golf, travel, swimming. Likes reading, theatre and music.

Existing member of the Auckland Energy Consumer Trust and Chairman since 2003. Member of Parliament 15 years representing Clevedon, Hauraki and Hunua Electorates, Parliamentary Undersecretary Commerce and Labour, Chair Enquiry into Electricity Prices.

As Chairman I will use my experience and knowledge to:

• Keep Vector in public control.
• Prevent outages: Secure supply.
• Underground lines and poles.
• Keep growing your dividend.
• Best possible prices

Please Vote Citizens & Ratepayers: Buczkowski, Carmichael, Kyd and Sherry.

Karen SHERRY
MA (Hons) Llb (Hons), Partner, Bell-Booth Sherry, Solicitors

Reading, predominantly history, movies, theatre, travel, fishing, dancing, walking the dog.

Trustee and Former Chair, Auckland Energy Consumer Trust; Trustee since 1994; Deputy Chair Energy Trusts of NZ; Director Mercury Energy 1994-1999, Trustee Challenge Trust; Trustee Auckland Healthy Houses Trust.

As the longest serving trustee my primary commitments remains to ensure an increasing dividend for Beneficiaries, security of supply from the Vector network and the maintenance of NZ control of this strategically important asset.

I believe I have achieved these goals with increasing levels of success since first elected in 1994. As a Trustee and Director of Mercury Energy I instrumental in raising the dividend payout ratio from 60% to 83% in 1998 and I drove the implementation of a standard constitution for the Company in 1999. As Chairman of the Trust I led and obtained a unanimous vote of Trustees for the acquisition of United Networks in 2002 the immediate effect of which was a jump in dividend form about $155 per household to $185. I supported the NGC transaction form the beginning, which increased the dividend level to $280. As Deputy Chair of Energy Trusts of NZ I am in unique position to influence the views of all NZ energy trusts in the lobbying programme with central government. My legal practice specialises in Trust law which has assisted enormously with my role as Trustee and with the increasing regulated environment in which we work

Please Vote Citizens & Ratepayers: Buczkowski, Carmichael, Kyd and Sherry.