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Meridian confirms no decision yet on Southland Smelter

Operational Update31 March 2020MELUtilities

Release






M e r i d i a n E n e r g y L i m i t e d ( A R B N 1 5 1 8 0 0 3 9 6 ) A c o m p a n y i n c o r p o r a t e d i n N e w Z e a l a n d

L e v e l 2 , 5 5 L a d y E l i z a b e t h L a n e , P O B o x 1 0 8 4 0 , W e l l i n g t o n 6 1 4 3


m e r i d i a n e n e r g y . c o . n z

Stock Exchange Listings NZX (MEL) ASX (MEZ)

Meridian Energy confirms no decision yet on Southland

Smelter from Rio Tinto

1 April 2020


Meridian Energy has confirmed that Rio Tinto, global mining giant and owner of the Tiwai Point

Aluminium Smelter, has not yet provided any update on the Strategic Review of the Smelter.


Rio Tinto announced in October 2019 it would undertake a Strategic Review of its New Zealand

operations, indicating it would provide an update by the end of the first quarter of 2020.


Meridian has worked with the Smelter owners to offer amendments to its existing electricity contract,

including options for two different tranches of volume.


Meridian will provide an update to the market following any update from Rio Tinto on the Strategic

Review.


ENDS

Neal Barclay

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

Senior Communications Specialist

021 174 1715

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