Meridian and NZAS contracts unconditional

Release






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 e e t N o r t h , C h r i s t c h u r c h 8 0 1 3

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Stock Exchange Listings NZX (MEL) ASX (MEZ)
Meridian and NZAS contracts unconditional

25 June 2024
Meridian Energy confirms that all conditions precedent in the recently-announced contracts with New
Zealand Aluminium Smelter (NZAS) have now been satisfied or waived. These contracts will take effect
on 3 July 2024.
The existing agreements between Meridian and NZAS - the current electricity agreement, 2023/2024
demand response agreement and peak demand response agreement - terminate immediately prior to
the new contracts taking effect.
In relation to the 50MW demand response call made under the 2023/2024 demand response
agreement announced by Meridian on 6 June 2024
1
, the parties have also signed an amendment letter
which provides terms on which that demand response call will continue under the new demand
response agreement. This means from 3 July 2024 to 20 August 2024, notional quantity under the new
core agreement will reduce by 18.75 MWh per half hour, unless Meridian advises NZAS otherwise.
A copy of the new long-term electricity contract, the demand response agreement, the amendment
letter and the other related contracts signed by Meridian and NZAS are available at
https://www.meridianenergy.co.nz/about-us/investors/reports/nzas-contract.
ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited



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Owen Hackston
Investor Relations Manager
021 246 4772
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Philip Clark
Head of Communications
027 838 5710


1
https://www.nzx.com/announcements/432365