Share Rights Vested

Release






Meridian Energy Limited (ARBN 151 800 396) A company incorporated in New Zealand
Level 2, 98 Customhouse Quay, Wellington 6011
meridianenergy.co.nz
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Share Rights Vested

9 October 2025


In accordance with Listing Rule 3.15.1, the Meridian Board advises that the share rights (Share
Rights) held by certain employees (Participants) under its Executive Long Term Incentive Scheme,
implemented by Meridian on 23 August 2019 (Scheme), vested on 3 October 2025 and are now
convertible into ordinary shares of Meridian (Shares). Participants will have until 17 October 2025 to
exercise their respective rights to have transferred to them their entitled Shares which are held by
Meridian as treasury stock.

For each Share Right exercised a Participant is entitled to one Share in the Company, 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 period between (but excluding) the
Issue Date to (and including) the Allocation Date, calculated using the volume weighted average price
over the 10 business days up to and including 3 October 2025.

Meridian expects to transfer Shares to Participants the business day following the end of the Exercise
Period on 20 October 2025.

ENDS

Authorised for release by:

Jason Woolley
General Counsel and Company Secretary
Meridian Energy Limited


For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Philip Clark
Head of Communications
0278 385 710