Genesis Capital Bond – Redemption Notice (GNE050)

MARKET RELEASE
Date: 10 July 2023

NZX: GNE / ASX: GNE

Genesis Capital Bond – Redemption Notice (GNE050)

Genesis has released the attached capital change notice in relation to the redemption of $121,017,000 of
capital bonds on 10 Ju ly 2023.

For Capital Bond enquiries, please contact:
Dan Dillane
Group Treasurer & Risk
M: 021 501 235

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 NZ$2.8 billion during the 12 months ended 30 June 2022. More
information can be found at www.genesisenergy.co.nz

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Capital Change Notice




Section 1: Issuer information
Name of issuer
Genesis Energy Limited
(Genesis)
NZX ticker code GNE050
Class of financial product
Unsecured, subordinated capital
bonds
ISIN (If unknown, check on NZX website) NZGNEDG005C2
Currency NZ$
Section 2: Capital change details
Number redeemed 121,017,000
Nominal value (if any) $1.00
Redemption price per security $1.00
Nature of the payment (for example, cash or other
consideration)
Cash (applied towards the issue
price for new unsecured,
subordinated green capital bonds
(GNE080) on a one-for-one basis
in accordance with the exchange
mechanism set out in the terms
sheet dated 29 June 2023)
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products redeemed
(calculated on the number of Financial Products of the
Class, excluding any Treasury Stock, in existence)
50.42375%
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 redemption and specific authority for
redemption (the reason for change must be identified here)
Reason for redemption:
Redemption in accordance with
the exchange mechanism as set
out in the terms sheet dated 29
June 2023.

Specific authority for the
redemption: The resolutions
passed by the board of directors
of Genesis on 12 April 2023.
Total number of Financial Products of the Class after the
redemption (excluding Treasury Stock) and the total
number of Financial Products of the Class held as Treasury
Stock after the redemption.
118,983,000

(Nil Treasury Stock)
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A

Specific authority for the redemption, including a reference
to the rule pursuant to which the redemption is made
The resolutions passed by the
board of directors of Genesis on
12 April 2023.
Terms or details of the redemption (for example:
restrictions, escrow arrangements)
As set out in the terms sheet
dated 29 June 2023
Date of redemption 10/07/2023
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement
Dan Dillane
Contact person for this announcement
Dan Dillane
Contact phone number
+64 21 501 235
Contact email address
Dan.dillane@genesisenergy.co.nz

Date of release through MAP 10/07/2023