Issue of Share Rights

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)
Issue of Share Rights
21 October 2025
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 31 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:
Phil Clark
Head of Communications
027 838 5710