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Meridian Energy monthly operating report for January 2017

Credit Rating14 February 2017MELUtilities

PG 1

Meridian Energy monthly operating report for January 2017

15 February 2017

Attached is Meridian Energy Limited's monthly operating report for the month ended 31 January 2017.

Highlights this month include:

 In the month to 13 February 2017, national hydro storage increased from 109% to 120% of historical

average

 South Island storage sat at 119% of average and North Island storage at 132% of average on 13

February 2017

 Meridian’s January 2017 monthly inflows were 123% of historical average

 Meridian’s Waitaki catchment storage at the end of January 2017 was 118% of historical average

 National electricity demand in January 2017 was 0.3% higher than the same month last year

 January demand reflected contrasting rainfall and soil moisture levels in the North and South Islands

 Meridian’s retail sales volumes in January 2017 increased by 4.8% compared to January 2016


ENDS

Mark Binns

Chief Executive

Meridian Energy Limited



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Owen Hackston

Investor Relations Manager

021 246 4772

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External Communications Specialist

021 530 768























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