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Meridian Energy monthly operating report for December 2016

Credit Rating18 January 2017MELUtilities

PG 1

Meridian Energy monthly operating report for December 2016

19 January 2017

Attached is Meridian Energy Limited's monthly operating report for the month ended 31 December 2016.

Highlights this month include:

 In the month to 17 January 2017, national hydro storage decreased from 113% to 109% of historical

average

 South Island storage sat at 104% of average and North Island storage at 132% of average on 17

January 2017

 Meridian’s December 2016 monthly inflows were 90% of historical average

 National electricity demand in December 2016 was 2.4% lower than the same month last year

 December 2016 demand reflected ongoing low irrigation use

 Meridian’s retail sales volumes in December 2016 decreased by 14.8% compared to December 2015


ENDS

Mark Binns

Chief Executive

Meridian Energy Limited


For investor relations queries, please contact:

Owen Hackston

Investor Relations Manager

021 246 4772

For media queries, please contact:

Polly Atkins

External Communications Specialist

021 530 768






















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