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Update regarding Potline 4

Operational Update28 October 2021MELUtilities

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)

Update regarding Potline 4

28 October 2021



Meridian Energy Limited (Meridian) and New Zealand Aluminium Smelters Limited (NZAS) are

discussing a possible further suspension of the Potline 4 contract through to 31 January

2022. Currently the contract remains suspended until 31 October 2021. A further announcement will

be made when and if a further suspension is agreed.

The Potline 4 contract is a separate contract to the main electricity agreement between Meridian and

NZAS. It was signed in May 2018 and runs until 31 December 2022. In April 2020, NZAS exercised its

right to suspend the contract and reduce the contract quantity to zero. This suspension period was

extended on 30 September 2020 and 1 June 2021 and is currently due to end on 31 October 2021 –

[https://www.nzx.com/announcements/373321].

ENDS

Neal Barclay

Chief Executive

Meridian Energy Limited




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