Capital Bond Redemption Notice (GPLFA)

MARKET ANNOUNCEMENT
Date: 16 July 2018

NZX: GNE / ASX: GNE

Notification of redemption of securities - Genesis Capital Bonds (GPLFA)

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

(a) Class of security

Subordinated unsecured capital bonds
("Capital Bonds")
ISIN NZGPLD0001L4
(b) Number of Capital Bonds redeemed 200,000,000
(c) Nominal value

NZ$200,000,000
(d) Redemption price

$1.00 (together with any amounts outstanding
thereon, including accrued and unpaid interest).
(e) Payment made in cash

Yes
(f) Amount paid up

Fully paid up
(g) Principal terms of the redemption

As set out in the redemption notice dated 26
June 2018 for the redemption of Capital Bonds
(h) Percentage of total class of Capital
Bonds

100%
(i) Reason for the redemption

Issuer redemption for capital structure
management purposes.
(j) Specific authority for the redemption

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

As set out in the redemption notice dated 26
June 2018 for the redemption of Capital Bonds
(l) Total number of securities of the class
in existence after the redemption

Nil
(m) Treasury stock

Not applicable
(n) Date of redemption

16 July 2018

3563919 v7
2
Ends
Dan Dillane
Group Treasurer
Genesis
+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