Capital Change Notice – Allotment of Shares

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
287-2 9 3 D u r h a m S t r ee t N o r t h , C h r i s t c h u r c h 8 0 1 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)
Allotment of Shares

20 October 2022

In accordance with Listing Rules 3.13.1 and 3.15.2, Meridian advises that treasury stock held for the
purposes of the Executive LTI Scheme, implemented by Meridian on 23 August 2019 (
Scheme
), has been
transferred to certain employees (
Participants
) pursuant to the exercise of their vested share rights (
Share
Rights
) under the Scheme. The treasury stock transferred is to be quoted on NZX, and is to rank pari
passu with the ordinary shares in Meridian on issue.
For the purposes of Listing Rule 3.15.2, the following details are provided:
(a)
Number of Financial Products converted and the number and class of Quoted Financial Products
into which they have been converted: 409,668 Share Rights cancelled, and 199,918 Share Rights
converted into 229,143 ordinary shares in Meridian (the Share Rights give the holder options to
acquire ordinary shares in Meridian, which may be exercised if the Share Rights vest);
(b)
Interest or dividend conditions attaching to the Financial Products into which they have been
converted: None – to rank pari passu with the ordinary shares in Meridian on issue; and
(c)
Number of Financial Products of the same class remaining to be converted: 894,558 Share Rights.

The attached Capital Change Notice provides further details on the shares transferred.


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:

Rheilli Uluilelata
External Communications Adviser
022 589 1052

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Template
Capital Change Notice

Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer Meridian Energy Limited
NZX ticker code MEL
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMELE0002S7
Currency n/a
Section 2: Capital change details
Number issued/acquired/redeemed 229,143 ordinary shares
Nominal value (if any) n/a
Issue/acquisition/redemption price per security No consideration payable
Nature of the payment (for example, cash or other
consideration)
Nil
Amount paid up (if not in full) Nil
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury
Stock, in existence)
1

0.0089% of the ordinary shares in
Meridian Energy Limited (based on
the number of ordinary shares
currently on issue)
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for example
the Conversion price and Conversion date and the
ranking of the Financial Product in relation to other
Classes of Financial Product) or the Option (for example,
the exercise price and exercise date)
n/a
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issued under the Meridian Energy
Limited Long Term Incentive Plan,
approved by the Meridian Board on
23 August 2019.
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding
Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the
issue/acquisition/redemption.
2,581,658,249 ordinary shares
(excluding Treasury Stock)

894,558 convertible financial
products

1,075,083 ordinary shares held as
Treasury Stock
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
n/a

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Specific authority for the issue, acquisition, or
redemption, including a reference to the rule pursuant to
which the issue, acquisition, or redemption is made
Meridian Energy Limited Executive
Long Term Incentive Scheme Rules
and board resolutions for the
purposes of Listing Rules 4.9.1(b)(i),
dated 26 September 2019 and 26
July 2022.
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
The terms and details of the issue
are contained in the Meridian
Energy Limited Long Term Incentive
Scheme Rules.
Date of issue/acquisition/redemption
2
19 October 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Jason Woolley
Contact person for this announcement Jason Woolley
Contact phone number +64 4 381 1206
Contact email address
GeneralCounsel@MeridianEnergy.co.nz

Date of release through MAP

20 October 2022




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).