Notice of Financial Assistance

MARKET RELEASE
Date: 16 September 2019

NZX: GNE / ASX: GNE
Notice of Financial Assistance

Attached are two notices advising of the provision of financial assistance in connection with Genesis Energy's
Employee Share Scheme, specifially, in connection with the purchase of award shares relating to the FY17
Scheme offer, and the on-going administration costs under the FY20 Scheme offer.

ENDS


For media enquiries, please contact:
Emma-Kate Greer
Group Manager Corporate Relations
Genesis Energy
M: 027 655 4499

For investor relations enquiries, please contact:
Cameron Parker
Investor Relations Manager
Genesis Energy
P: 09 951 9311
M: 021 241 3150

About Genesis Energy
Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity,
reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online and is New
Zealand’s largest energy retailer with approximately 500,000 customers. The Company 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 $NZ2.7 billion during the 12 months ended 30 June 2019. More
information can be found at www.genesisenergy.co.nz

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23315058
NOTICE OF PROVISION OF FINANCIAL ASSISTANCE NOT EXCEEDING
5% OF SHAREHOLDERS’ FUNDS
(Section 80(1)(b) Companies Act 1993)



16 September 2019
Provision of Financial Assistance in connection with Genesis Energy Limited’s Employee Share
Scheme through purchase of award shares in connection with FY17 Scheme offer.
Under section 80 of the Companies Act 1993, Genesis Energy Limited (‘Genesis Energy’) is
required to make the following disclosure in respect of financial assistance provided to certain
employees of Genesis Energy in connection with the Genesis Energy Employee Share Scheme
(‘ Scheme’).
Background
The Scheme was implemented by Genesis Energy in conjunction with the listing of Genesis Energy
on the NZX and ASX in April 2014 and subsequent to this, there have been six Scheme offers in
FY15, FY16, FY17, FY18, FY19 and the offer in August 2019 for FY20.
The Genesis Energy Board considers that the Scheme increases the alignment of the interests of
employees with the interests of Genesis Energy. The Scheme also seeks to incentivise employees
to remain with Genesis Energy.

Under the Scheme:

• permanent full time and part time employees of Genesis Energy are able to acquire Genesis
Energy shares at market price through salary deductions;

• shares in Genesis Energy are acquired on behalf of participants by the Scheme trustee, CRS
Nominees Limited, and held on trust by the trustee;

• for the FY17 Scheme offer (which was made in August 2016), employees who accepted and
participated in the offer did so on the basis that they would be awarded one Genesis Energy
share (each an “Award Share”) for every two shares acquired in the FY17 Scheme year
subject to meeting certain criteria, including that they remain as an employee of Genesis
until 1 September 2019 (being the end of the “Qualifying Period”);

• Award Shares are purchased by Genesis Energy at the conclusion of the Qualifying Period
but may also be awarded to an employee at Genesis Energy’s sole discretion prior to the
end of the Qualifying Period if a person ceases to be an employee due to death, illness,
injury, redundancy, disability or retirement.
Details of Financial Assistance

This notice is given in respect of the purchase and payment by Genesis Energy of the costs
associated with the acquisition of Award Shares in respect of those employees who participated
in the FY17 Scheme offer and who remain employees of Genesis Energy as at 7 September 2019
and thereby qualify to receive Award Shares in accordance with the terms of the FY17 Scheme
offer. This will constitute the giving of “financial assistance” in connection with the acquisition of
Genesis Energy shares for the purposes of the Companies Act 1993.

.2


The details of the financial assistance relating to the payment by Genesis Energy of the costs of
acquiring award shares in respect of the FY17 Scheme offer are as follows:

Shares in respect of which the financial assistance
was provided

132,104 ordinary shares in Genesis Energy Limited for
award shares acquired under the FY17 Scheme offer.

Consideration paid for the shares $3.5347 per share for award shares acquired under
the FY17 Scheme offer.

Recipients of the financial assistance

Eligible employees of Genesis Energy who participate
in the Scheme as a result of the FY17 Scheme offer.

Nature and amount of the financial assistance

The financial assistance was given in the form of a
payment of $466,948.01 to the Trustee
for the
purposes of enabling the Trustee to purchase Genesis
Energy shares for the participants entitled to award
shares under the Scheme FY17 offer.

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23315058
NOTICE OF PROVISION OF FINANCIAL ASSISTANCE NOT EXCEEDING
5% OF SHAREHOLDERS’ FUNDS
(Section 80(1)(b) Companies Act 1993)



16 September 2019
Provision of Financial Assistance in connection with Genesis Energy Limited’s Employee Share
Scheme for on-going administration costs of the Scheme under the FY20 Scheme offer and any
purchase of award shares during the FY20 Scheme year for employees who leave the company
before the end of the applicable qualifying period.
Under section 80 of the Companies Act 1993, Genesis Energy Limited (‘Genesis Energy’) is
required to make the following disclosure in respect of financial assistance provided to certain
employees of Genesis Energy in connection with the Genesis Energy Employee Share Scheme
(‘Scheme’).
Background
The Scheme was implemented by Genesis Energy in conjunction with the listing of Genesis Energy
on the NZX and ASX in April 2014 and subsequent to this, there have been five Scheme offers in
FY15, FY16, FY17, FY18 and FY19. This notice is in relation to the ongoing-administration costs
under the FY20 Scheme offer.
The Genesis Energy Board considers that the Scheme increases the alignment of the interests of
employees with the interests of Genesis Energy. The Scheme also seeks to incentivise employees
to remain with Genesis Energy.

Under the Scheme:

• permanent full time and part time employees of Genesis Energy are able to acquire Genesis
Energy shares at market price through salary deductions;

• the shares are acquired on their behalf by the Scheme trustee, CRS Nominees Limited, and
held on trust by the trustee;

• for the FY20 offer, employees who accept the offer will be awarded one Genesis Energy
share for every four shares acquired in the FY20 Scheme year and held in the Scheme subject
to meeting certain criteria, including that they: (a) hold those shares for a specified period
of time; and (b) remain a Genesis Energy employee for that period of time.

Details of Financial Assistance

This notice is given in respect of the on-going administration costs in respect of the FY20 Scheme
year, which will constitute the giving of “financial assistance” in connection with the acquisition of
Genesis Energy shares for the purposes of the Companies Act 1993.

The details of the financial assistance relating to the payment by Genesis Energy of the on-going
administration costs of the Scheme for the FY20 Scheme year are as follows:

.2


Shares in respect of which the financial assistance is
provided

The financial assistance is given to fund on-going
administration costs of the Scheme (including
brokerage payable for shares acquired on behalf of
participants in the Scheme). The purchase price of
those shares is fully funded by participants. The
number of shares that each participant will receive
will be calculated by dividing the total amount of their
specified salary deduction to be applied in respect of
the FY20 Scheme year (being between $250-$5,000
per annum) by the acquisition price per share. The
actual number of shares which are acquired will
depend upon the market price of Genesis Energy
shares at the time of acquisition.

Consideration paid for the shares

The consideration paid for the shares will be the on-
market purchase price for Genesis Energy shares at
the time of purchase of the shares. This will be
determined at the time of purchase. Genesis Energy
will pay the brokerage for acquiring the shares on-
market. Genesis Energy is not funding the payment
of the purchase price of the shares as those funds are
accumulated through salary deductions from
employees.

Recipients of the financial assistance

Eligible employees of Genesis Energy who participate
in the Scheme for the FY20 Scheme year.

Nature and amount of the financial assistance

The financial assistance was given in the form of a
payment of $73,777.99 to the Trustee to cover the
on-
going administration costs of the Scheme
(including brokerage to acquire shares on behalf of
participants).

Further award shares may be acquired during the FY20 Scheme year if Genesis Energy agrees to
grant award shares to employees who participated in the FY17, FY18 and/or FY19 Scheme offer
and who leave the company before the end of the qualifying period in certain circumstances. The
number of those award shares, the consideration paid for those award shares and the recipients
of the financial assistance relating to the purchase of those award shares, are unknown as at the
date of this notice.