Investor news

Meridian Energy Limited's monthly operating report for the month of December 2018 is attached.

Highlights this month include:

  • In the month to 11 January 2019, national hydro storage decreased from 95% to 92% of historical
    average.
  • South Island storage sat at 92% of average and North Island storage at 89% of average on 11 January
    2019.
  • Meridian’s December 2018 monthly total inflows were 68% of historical average.
  • Meridian’s Waitaki catchment storage at the end of December 2018 was 98% of historical average.
  • Storage in Meridian’s Waiau catchment was below average at the end of December 2018.
  • National electricity demand in December 2018 was 4.5% lower than the same month last year, with low
    irrigation load this month.
  • December 2018 saw above average temperatures and rainfall across much of New Zealand except for
    drier lower South Island conditions. Soil moisture levels are elevated across much of the country.
  • New Zealand Aluminium Smelter's load averaged 611MW during December 2018 as new cells were cut
    in on potline 4.
  • Meridian’s retail sales volumes in December 2018 were 23.9% lower than December 2017.

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact:               For media queries, please contact:
Owen Hackston Meridian Media Team
Investor Relations Manager              MediaTeam@meridianenergy.co.nz
021 246 4772           0800 948 843