Genesis Green Capital Bond – Allotment Notice (GNE080)

MARKET RELEASE
Date: 10 July 2023

NZX: GNE / ASX: GNE

Genesis Green Capital Bond – Allotment Notice (GNE080)

Genesis has released the attached capital change notice in relation to the issue of $240,000,000 of green
capital bonds on 10 Ju ly 2023.

For Green 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 GNE080
Class of financial product
Unsecured, subordinated green capital
bonds
ISIN (If unknown, check on NZX website) NZGNEDG008C6
Currency NZ$
Section 2: Capital change details
Number issued 240,000,000
Nominal value (if any) $1.00
Issue price per security $1.00
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products
issued (calculated on the number of Financial
Products of the Class, excluding any Treasury
Stock, in existence)
100%
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 and specific authority for issue
(the reason for change must be identified here)
Reason for issue: Genesis intends to
notionally allocate an amount equal to the
proceeds of this issue to finance or
refinance renewable energy assets, or
other projects, assets and/or activities, that
meet the eligibility criteria set out in
Genesis' Sustainable Finance Framework
dated November 2021 (as amended from
time to time). Consistent with this,
Genesis will apply the net proceeds of this
issue to repay existing debt.

Specific authority for the issue: The
resolutions passed by the board of
directors of Genesis on 12 April 2023.
Total number of Financial Products of the Class
after the issue (excluding Treasury Stock) and the
total number of Financial Products of the Class
held as Treasury Stock after the issue.
240,000,000.

Zero held as 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 issue, including a
reference to the rule pursuant to which the issue is
made
The resolutions passed by the board of
directors of Genesis on 12 April 2023.

Rule 1.14 of the NZX Listing Rules.
Terms or details of the issue (for example:
restrictions, escrow arrangements)
As set out in the terms sheet dated 29
June 2023
Date of issue 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