Genesis Energy to redeem GNE040 Green Capital Bonds

MARKET RELEASE

Date: 1 June 2022

NZX: GNE / ASX: GNE

Genesis Energy to redeem GNE040 Green Capital Bonds

Genesis Energy Limited (Genesis) announces that it is exercising its option to fully redeem its NZ$225,000,000
of unsecured, subordinated, green capital bonds which are quoted on the NZX Debt Market under the ticker
GNE040 (GNE040 Bonds). The redemption will occur on the First Reset Date, being 9 June 2022.
Trading in the GNE040 Bonds has been suspended since market close on Thursday, 26 May 2022. Holders of
the GNE040 Bonds will be entitled to receive the principal amount (NZ$1.00) of each GNE040 Bond held,
together with accrued but unpaid interest up to the First Reset Date.
Genesis will communicate with the holders of the GNE040 Bonds to notify them of this decision – a template
letter is attached to this announcement.
For Capital Bond enquiries, please contact:
Dan Dillane
Group Treasurer
M: 021 501235

ENDS


For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548
For media enquiries, please contact:
Chris Mirams
GM Communications & Media
M: 027 246 1221

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 and Frank Energy and is one of New Zealand’s
largest energy retailers 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 $NZ3.2 billion during the 12 months ended 30 June 2021. More
information can be found at www.genesisenergy.co.nz

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Genesis Energy Limited – Redemption Notice of GNE040 Capital Bonds
1 June 2022
We are writing to you as a holder of existing Genesis Energy Limited (Genesis) capital bonds which are quoted
on the NZX Debt Market under the ticker GNE040 (GNE040 Bonds). The terms and conditions applicable to
your GNE040 Bonds are set out in the capital bonds trust deed originally dated 10 May 2017 (as amended from
time to time) (Trust Deed).

In accordance with the Trust Deed, Genesis may elect to redeem the GNE040 Bonds on the First Reset Date for
the GNE040 Bonds, being 9 June 2022.

Accordingly, notice is hereby given that, pursuant to clause 3.3(a) of Schedule 2 of the Trust Deed, Genesis has
elected to redeem all of the GNE040 Bonds on the First Reset Date, being 9 June 2022.

Holders of GNE040 Bonds are entitled to receive the principal amount ($1.00) of each GNE040 Bond held,
together with all accrued but unpaid interest up to the First Reset Date on 9 June 2022.
If you are participating in Genesis' new offer of green capital bonds that closed today and receive an allocation
of new green capital bonds, we welcome your continued support and investment. If you did not participate in
the new offer or otherwise do not receive an allocation of new green capital bonds, we thank you for your
original investment in the GNE040 Bonds and would welcome your consideration of any offers we make in the
future.
Genesis Energy Limited

Registrar:
Computershare Investor Services Limited
Private Bag 92119
Victoria Street West
Auckland 1142
Telephone (09) 4888777
Email: enquiry@computershare.co.nz