Import terminal negotiations – update

NZX announcement

14 April 2021

Response to media speculation – import terminal negotiations

Refining NZ notes the media speculation on Tuesday 13 April 2021 about the current status of
the import terminal negotiations. Refining NZ confirms that the status remains as previously
disclosed to the market on 19 March 2021 and 1 April 2021, which noted Refining NZ
is continuing to assess the potential future option to shift to an import terminal operation, that
negotiations continue with Z Energy and Mobil and that no decisions have been made on this
step.

Any decision to convert to an import terminal will be subject to approval of Refining NZ’s non-
customer shareholders. Refining NZ will update the market in accordance with its continuous
obligations as import terminal negotiations progress.

ENDS

Authorised by:
Chris Bougen
General Counsel and Company Secretary

For further information:
Laura Malcolm
Communication Advisor
communications@refiningnz.com
+64 (0)21 0236 3297