ASX Appendix 3B – Proposed Issue of Securities

Appendix 3B - Proposed issue of securities
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Announcement Summary
Entity name
CONTACT ENERGY LIMITED
Announcement Type
New announcement
Date of this announcement
16/2/2026
The Proposed issue is:
Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan
ASX +security code+Security description
Maximum Number of
+securities to be issued
CENORDINARY FULLY PAID FOREIGN EXEMPT NZX8,571,429
+Record date
13/2/2026
Offer closing date
6/3/2026
+Issue date
13/3/2026
Total number of +securities proposed to be issued for a placement or other type of issue
ASX +security code+Security description
Maximum Number of
+securities to be issued
CENORDINARY FULLY PAID FOREIGN EXEMPT NZX51,428,572
Proposed +issue date
20/2/2026
Refer to next page for full details of the announcement
A placement or other type of issueA placement or other type of issue
An offer of securities under a securities purchase plan

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Part 1 - Entity and announcement details
1.1 Name of +Entity
CONTACT ENERGY LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees
to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in
Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also
apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set
out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under
the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX
an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 Registered Number Type
ABN
Registration Number
68080480477
1.3 ASX issuer code
CEN
1.4 The announcement is
1.5 Date of this announcement
16/2/2026
1.6 The Proposed issue is:
A placement or other type of issueA placement or other type of issue
An offer of +securities under a +securities purchase plan
New announcement

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Part 4 - Details of proposed offer under securities purchase plan
Part 4A - Conditions
4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities
under the +securities purchase plan issue can proceed on an unconditional basis?
No

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Part 4B - Offer details
+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities
proposed to be issued
ASX +security code and description
CEN : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Will the proposed issue of this
+security include an offer of
attaching +securities?
Details of +securities proposed to be issued
ASX +security code and description
CEN : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Maximum total number of those +securities that could be issued
if all offers under the +securities purchase plan are accepted
8,571,429
Will the offer be conditional on applications for a minimum
number of +securities being received or a minimum amount
being raised (i.e. a minimum subscription condition)?
Will the offer be conditional on applications for a maximum
number of +securities being received or a maximum amount
being raised (i.e. a maximum subscription condition)?
Will individual security holders be required to accept the offer for
a minimum number or value of +securities (i.e. a minimum
acceptance condition)?
Will individual security holders be limited to accepting the offer
for a maximum number or value of +securities (i.e. a maximum
acceptance condition)?
Is the maximum acceptance unit based or dollar based?
Please enter the maximum acceptance value
$ 41,000
Describe all the applicable parcels available for this offer in number of securities or dollar value
New Zealand eligible shareholders can apply up to a maximum value of NZ$100,000.
Australian Eligible Shareholders can apply up to a maximum value of A$41,000.
Offer price details
Has the offer price been determined?
In what currency will the offer
No
Dollar based ($)
Yes
No
No
No
No
No
Dollar based ($)
Yes
No
No
No
No
No
Dollar based ($)
Yes
No
No
No
No

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In what currency will the offer
be made?
NZD - New Zealand Dollar
How and when will the offer price be determined?
Price per Share equal to the lower of:
the Placement Price; and
a 2.5% discount to the VWAP of the existing Shares on NZX over the five business day period prior to
and including the closing date for the Retail Offer.

Oversubscription & Scale back details
Will a scale back be applied if the offer is over-subscribed?
Describe the scale back arrangements
CEN reserves the right to scale back any application at its absolute discretion and will have regard to
the number of existing shares held by the applicant, or in the case of a custodian, the relevant beneficial
owner.
Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class?
Part 4C - Timetable
4C.1 Date of announcement of +security purchase plan
16/2/2026
4C.2 +Record date
13/2/2026
4C.3 Date on which offer documents will be made available to investors
19/2/2026
4C.4 Offer open date
19/2/2026
4C.5 Offer closing date
6/3/2026
4C.7 +Issue date and last day for entity to announce results of +security
purchase plan offer
13/3/2026
Yes
Yes
Yes
Yes
Yes
Yes

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Part 4E - Fees and expenses
4E.1 Will there be a lead manager or broker to the proposed offer?
4E.2 Is the proposed offer to be underwritten?
4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a
handling fee or commission?
4E.3a Will the handling fee or commission be Dollar based or Percentage based?
4E.3b Amount or percentage handling fee or commission payable to brokers who lodge acceptances or
renunciations on behalf of eligible +security holders
$ 6.00000000
4E.3c Please provide any other relevant information about the handling fee or commission method
See Part 4 of the Retail Offer Document. A fee of NZ$6.00 will be paid to New Zealand retail investment platforms
(determined by Contact) on each successful application submitted on behalf of underlying investors. A stamping fee of
0.5% of application monies on Offer Shares allotted will be paid to eligible NZX or ASX firms who submit a valid claim for
a broker stamping fee on successful applications for Offer Shares allotted via NZX or ASX firms, subject to a fee limit of
NZ$250 per Eligible Shareholder. The above fees are subject to an aggregate cap of NZ$375,000 for all applications (or
such higher limit as may be approved at Contact's discretion). Terms of the claims process are to be separately
communicated to NZX or ASX firms by or on behalf of Contact.
4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer
Share registry fees, settlement fees, external adviser fees and NZX/ASX administrative fees.

Part 4F - Further Information
4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue
Please refer to the Investor Presentation announced to ASX/NZX on 16 February 2026.
4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful?
4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer
All countries other than Australia and New Zealand
4F.3 URL on the entity's website where investors can download information about the proposed offer
www.contactshareoffer.co.nz
4F.4 Any other information the entity wishes to provide about the proposed offer
CEN is accepting applications for up to NZ$75 million in aggregate of shares (with the ability to accept oversubscriptions
at CEN's discretion) (Retail Offer). The number of shares to be issued pursuant to the Retail Offer is dependent on take
up by eligible shareholders and the price at which shares are ultimately issued in the Retail Offer. New Zealand eligible
shareholders can apply in NZD up to a maximum value of NZ$100,000. Australian Eligible Shareholders can apply in
AUD up to a maximum value of A$41,000. Applications may need to be scaled depending on the Applications received.
Final details of the size of the Retail Offer, the issue price under the Retail Offer (in NZD and AUD) and the number of new
shares to be issued under the Retail Offer are expected to be announced on or around 12 March 2026. Details of broker
stamping fees and retail platform fees will be set out in the Retail Offer Document to be made available on 19 February
2026. Terms of the claims process are to be separately communicated to NZX or ASX firms by or on behalf of Contact.
No
Dollar based ($)
Yes
No
No
Dollar based ($)
Yes
No
No

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Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
type of issue can proceed on an unconditional basis?
Part 7B - Issue details
Is the proposed security a 'New
class' (+securities in a class that is
not yet quoted or recorded by ASX)
or an 'Existing class' (additional
securities in a class that is already
quoted or recorded by ASX)?
Will the proposed issue of this
+security include an offer of
attaching +securities?
Details of +securities proposed to be issued
ASX +security code and description
CEN : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Number of +securities proposed to be issued
51,428,572
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
In what currency is the cash
consideration being paid?
NZD - New Zealand Dollar
What is the issue price per
+security?
NZD 8.75000
AUD equivalent to issue price amount per +security

Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes
Yes
No
Existing class
No

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Part 7C - Timetable
7C.1 Proposed +issue date
20/2/2026
Part 7D - Listing Rule requirements
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
7E.1a Who is the lead manager/broker?
UBS New Zealand Limited (UBS)
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
UBS will receive a lead management fee equal to 0.50% (plus GST if any) of the total gross proceeds to be raised under
the Placement.

CEN may also pay to UBS New Zealand Limited, in its absolute discretion, an incentive fee equal to up to 0.30% (plus
GST if any) of the total gross proceeds to be raised under the Placement.
7E.2 Is the proposed issue to be underwritten?
7E.2a Who are the underwriter(s)?
UBS New Zealand Limited (UBS)
7E.2b What is the extent of the underwriting (ie the amount or proportion of the proposed issue that is
underwritten)?
Fully underwritten
7E.2c What fee, commission or other consideration is payable to them for acting as underwriter(s)?
UBS will receive an underwriting fee equal to 1.20% (plus GST if any) of the total gross proceeds to be raised under the
Placement.
7E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated.
UBS may terminate its obligations under the Underwriting Agreement, including by reason of events which have, or are
likely to have, a material adverse effect on CEN, the shares or the equity raise. These may be as a result of events related
to CEN or as a result of external events, such as disruptions affecting certain financial markets or hostilities arising in
certain countries.
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Share registry fees, settlement fees, external adviser fees and NZX/ASX administrative fees.
Yes
Yes
No
No

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Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
Please refer to the Investor Presentation announced to ASX/NZX on 16 February 2026.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
7F.2 Any other information the entity wishes to provide about the proposed issue
CEN is accepting applications for up to NZ$450 million in aggregate of shares (Placement). Applications may need to be
scaled depending on the applications received. Final details of the Placement are expected to be announced on or around
17 February 2026.
7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with
the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
An applicable ASIC instrument or class order
No