Issue of Share Rights

Release






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Stock Exchange Listings NZX (MEL) ASX (MEZ)
Issue of Share Rights

20 October 2023
In accordance with Listing Rule 3.18.1, the Meridian Board advises that it has decided to issue share
rights to certain employees of Meridian in connection with the long-term incentive scheme (LTI
Scheme).
Each share right will, upon vesting and exercise of the right, entitle the holder to one ordinary share
in the Company (Share), plus an additional number of Shares equal to the value of gross cash
dividends per Share which would have been paid to a New Zealand tax resident who held a Share for
the duration of the vesting period, calculated using a 10-day volume weighted average price.
The issue of share rights is expected to occur on 24 October 2023.

ENDS
Jason Woolley
Company Secretary
Meridian Energy Limited

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