Notice of Proposed Acquisition of Shares (Updated)

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 480,000 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 $NZ2.4 billion during the 12 months ended 30 June 2023.
More information can be found at www.genesisenergy.co.nz
MARKET RELEASE

Date: 7 September 2023
NZX: GNE / ASX: GNE
Notice of Proposed Acquisition of Shares (Updated)

This announcement is an update to the notice released on 28 August 2023. The period during which
the shares may be acquired has been amended to between 11 September and 30 September 2023.
The Genesis Energy Board of Directors approved in April 2019 a Performance Share Rights long term
incentive plan (‘Plan’) for the Company’s executive team. Under the Plan, the Company may grant
rights (‘Rights’) to receive, after a vesting period, fully paid ordinary shares in the Company upon the
satisfaction of vesting conditions.
The intent of the Plan is to promote the retention of key employees, drive longer-term performance
and alignment of participants with the interests of the Company’s shareholders and facilitate and
encourage share ownership in Genesis Energy by the executives.
On 1 September 2020, the Company granted 651,863 Rights to Company executives (‘FY21 LTI
Offer’). Each Right entitles the participant to receive one ordinary share in the capital of Genesis
Energy after a three-year vesting period ending in 30 June 2023 (‘Vesting Period’), subject to the
vesting conditions associated with those Rights having been met.
The Genesis Energy Board has decided to purchase through NZX’s order matching market Genesis
Energy shares (‘Shares’) to meet the obligations of the Company to transfer shares to the
participants at the conclusion of the Vesting Period.

The details of the proposed acquisition are:

• Period during which the Shares may be acquired: 11 September to 30 September 2023.

• Number and class of shares to be acquired: up to 47,796 ordinary shares in the capital of
Genesis Energy

This notice has been given in accordance with NZX Listing Rule 4.14.2. Following the acquisition of
the Shares, Genesis Energy will give further notice confirming the details of the acquisition in
accordance with Listing Rule 3.13.1.

ENDS

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 480,000 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 $NZ2.4 billion during the 12 months ended 30 June 2023.
More information can be found at www.genesisenergy.co.nz
For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548

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Chris Mirams
GM Communications & Media
M: 027 246 1221