Redemption of MEL020 Retail Bonds

Meridian Energy Limited (Meridian) advises that it has redeemed its unsecured, unsubordinated fixed rate bonds that were quoted on the NZX Debt Market under the ticker code MEL020 (Bonds).

The details of the redemption, as required by listing rule 7.12.1 are as follows:

Class of Security and ISIN

Bonds - NZMELDT002C8

Number of bonds redeemed

75,000,000

Redemption price

$1.00 per Bond

Payment

Cash

Paid up amount

Fully paid up

Principal terms

Not applicable

Percentage of Bonds redeemed

100%

Reason for redemption

Maturity

Specific authority for redemption

Clause 4.6 of the Supplemental Trust Deed dated 18th January 2010 to the Master Trust Deed dated 1 December 2008.

Terms or details of redemption

As set out in the Supplemental Trust Deed dated 18th January 2010 and the Master Trust Deed dated 1 December 2008.

Total number of Bonds in existence after redemption

Nil

Acquisition of shares to be held as treasury stock

Not applicable

Date of redemption

16 March 2017

 

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

Owen Hackston
Investor Relations Manager
021 246 4772

Philippa Norman
External Communications
021 707 854