Captial Bonds Allotment Notice (GNE050)

MARKET ANNOUNCEMENT
Date: 16 July 2018

NZX: GNE / ASX: GNE

Notification of allotment of securities - Genesis Energy Capital Bonds

Pursuant to NZX Listing Rule 7.12.1, Genesis Energy Limited ("Issuer") announces that the
following securities have been issued:

(a) Class of security

Subordinated unsecured capital bonds
("Capital Bonds")
ISIN NZGNEDG005C2
(b) Number of Capital Bonds issued 240,000,000
(c) Nominal value

NZ$240,000,000
(d) Issue price

$1.00
(e) Payment made in cash

Yes
(f) Amount paid up

Fully paid up
(g) Principal terms of the securities

As set out in the terms sheet dated 26 June
2018 for the offer of Capital Bonds
(h) Percentage of total class of
Capital Bonds

100%
(i) Reason for the issue

The proceeds from the issue of the Capital
Bonds will be used to fund the redemption of the
GPLFA Bonds and for general corporate
purposes.
(j) Specific authority for the issue

Board resolution dated 6 June 2018
(k) Terms or details of the issue

As set out in the terms sheet dated 26 June
2018 for the offer of Capital Bonds
(l) Total number of securities of the
class in existence after the issue

240,000,000
(m) Treasury stock

Not applicable
(n) Date of issue

16 July 2018

3563919 v7
2
Ends
Dan Dillane
Group Treasurer
Genesis Energy
+ 64 21 501 235

About Genesis
Genesis (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. It sells electricity,
reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New
Zealand’s largest energy retailer with around 500,000 customer accounts. Genesis generates electricity
from a diverse portfolio of thermal and renewable generation assets located in different parts of the
country. Genesis also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas
Field offshore of Taranaki, New Zealand. Genesis had revenue of NZ$2bn during the 12 months ended
30 June 2017. More information can be found at www.genesisenergy.co.nz.