Meridian Launches Green Finance Programme

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Meridian Launches Green Finance Programme
26 August 2020

Meridian Energy Limited (Meridian) has launched a Green Finance Programme (Programme)
recognising the company’s commitment, leadership and investment in renewable energy.

Meridian’s Chief Financial Officer, Mike Roan says, “The Programme enables Meridian to connect our
company strategy to our financing requirements and provides investors with an opportunity to invest
in a range of accredited green debt instruments.”

“The Programme also supports our sustainability efforts, for which Meridian’s most significant climate
action is its commitment to only generate 100% renewable energy,” says Roan.

Meridian’s Climate Action Plan and further information on its sustainability leadership and strategy
can be found here.

The Programme is outlined in Meridian’s Green Finance Framework (Framework) which is aligned
with the following Market Standards:
• International Capital Markets Association Green Bond Principles (GBP);
• Climate Bonds Standard

version 3.0 (CBS); and
• Asia Pacific Loan Market Association Green Loan Principles (GLP).

The Programme covers both existing and future issuances of debt instruments, the proceeds of which
will be allocated to finance or refinance sustainable projects and assets such as new or existing
renewable energy projects or assets.

Meridian’s retail bonds (MEL030, MEL040, MEL050) have received CBS certification under the
Programme. Meridian’s committed bank facilities, USPP notes and wholesale bonds are now
confirmed to be aligned with the GBP and GLP.

The Programme was implemented with the assistance of Westpac’s Sustainable Finance Team.
External independent review and verification is provided by DNV GL Business Assurance Australia.

Further information on the Green Finance Programme, including the Framework, DNV GL Assurance
Opinion and Second Party Opinion and CBS Certification is available on Meridian’s website at
www.meridianenergy.co.nz/investors.

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:

Meridian Media Team
MediaTeam@meridianenergy.co.nz
0800 948 843