Meridian Energy launches fixed rate retail bond offer

Meridian Energy Limited (Meridian) announced today that it is offering up to NZ$150,000,000 unsecured,
unsubordinated fixed rate bonds (Bonds) to institutional and New Zealand retail investors, with the ability to accept up to NZ$50,000,000 oversubscriptions at Meridian’s discretion.

Full details of the Bond offer are contained in the Terms Sheet, available through www.meridianenergy.co.nz/investors or by contacting the Joint Lead Managers, Co-Managers or an NZX Participant, and must be obtained by investors before they decide to acquire any Bonds.

The Bonds are expected to be quoted on the NZX Debt Market and have a long term credit rating of BBB+ from S&P Global Ratings.

The Bonds have a maturity date of 27 June 2025 and the indicative margin for the Bonds is 1.30 to 1.40 percent per annum, subject to a minimum interest rate of 4.20 percent per annum. The margin and interest rate will be set following a bookbuild process on 15 June 2018 and will be announced by Meridian via NZX shortly thereafter.

The offer will close on 15 June 2018 following the bookbuild process, with the Bonds expected to be issued on 27 June 2018.

There is no public pool for the Bonds, which will be reserved for the clients of ANZ Bank New Zealand Limited,
Westpac Banking Corporation (acting through its New Zealand branch), Deutsche Craigs Limited, Forsyth Barr Limited and NZX participants.

Bonds3

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact: For media queries, please contact:

Owen Hackston
Investor Relations Manager
021 246 4772

Claire Shaw
Corporate Communications Manager
021 370 677