Contact successfully completes NZ$450m Placement

17 February 2026

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Contact successfully completes NZ$450m
Placement

Contact Energy Limited (Contact) (NZX/ASX:CEN) is pleased to announce that it has successfully
completed the bookbuild for the fully underwritten NZ$450 million placement (Placement) of ordinary
shares as part of its NZ$525 million equity raise (Equity Raise) announced on 16 February 2026.

The Placement was strongly supported by existing shareholders and also attracted significant
demand from new international institutional investors. All eligible shareholders who bid for at least
their pro-rata allocation of the Placement were allocated at least their pro rata amount of new shares,
consistent with Contact’s objective of treating shareholders fairly and prioritising existing holders.

Settlement of the Placement is expected to occur on 20 February 2026 for NZX and on 19 February
2026 for ASX. Allotment of new shares issued under the Placement and commencement of trading on
the NZX and ASX are expected to occur on 20 February 2026. The new shares will rank equally in all
respects with Contact’s existing ordinary shares.

Retail Offer

As announced on 16 February 2026, Contact is also undertaking a non-underwritten retail offer
(Retail Offer) to raise up to NZ$75 million, with the ability to accept oversubscriptions at Contact’s
discretion.

A Retail Offer document will be available online at www.contactshareoffer.co.nz from the opening of
the Retail Offer on 19 February. All eligible shareholders are encouraged to visit that website and
read all of the materials available or referred to on it (including the offer document, investor
presentation and market announcement published by Contact on 16 February 2026) before making a
decision whether to apply online. Eligible shareholders who wish to participate in the Retail Offer
should apply online from 19 February 2026.

Key dates for the Retail Offer are set out in the Appendix to this announcement.

- ends -

Investor enquiries Media enquiries
Shelley Hollingsworth Louise Wright
Head of Investor Relations and Strategy Head of Communications and Reputation
+64 27 227 2429 +64 21 840 313
investor.centre@contactenergy.co.nz media@contactenergy.co.nz

Key dates
Retail Offer Date / Time
Record date 7pm NZDT / 5pm AEDT, Friday, 13 February 2026
Retail Offer opens Thursday, 19 February 2026
Retail Offer closes 5pm NZDT / 3pm AEDT, Friday, 6 March 2026
Announcement of results of Retail Offer, together
with the issue price (in NZ$ and A$) of new shares
under the Retail Offer
Thursday, 12 March 2026
NZX and ASX Settlement Friday, 13 March 2026
Allotment of new shares on NZX and ASX Friday, 13 March 2026
Commencement of trading of new shares on NZX Friday, 13 March 2026
Commencement of trading of new shares on ASX Monday, 16 March 2026

The above timetable and all dates are indicative only and subject to change (subject to NZX Listing
Rules, ASX Listing Rules and applicable laws).


NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

This announcement has been prepared for publication in New Zealand and Australia and may not be released or distributed in
the United States. This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase
any security or financial product and neither this announcement nor anything attached to this announcement shall form the
basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or the solicitation of
an offer to buy, securities in the United States or any other jurisdiction in which such an offer or solicitation would be illegal. Any
securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as
amended (the “U.S. Securities Act”) or the securities laws of any state or other jurisdiction of the United States and may not be
offered or sold, directly or indirectly, in the United States except in transactions exempt from, or not subject to, the registration
requirements of the U.S. Securities Act and the securities laws of any state or other jurisdiction of the United States. The
shares to be offered and sold in the Retail Offer may only be offered and sold outside the United States in “offshore
transactions” (as defined in Rule 902(h) under the U.S. Securities Act) in reliance on Regulation S under the U.S. Securities
Act.

You must not send copies of this announcement or any other material relating to the Equity Raise to any person in the United
States or elsewhere outside New Zealand and Australia. The release, publication or distribution of this announcement
(including an electronic copy) outside New Zealand and Australia may be restricted by law. If you come into possession of this
announcement, you should observe such restrictions. Any non-compliance with these restrictions may contravene applicable
securities laws.

Important Notice

This announcement does not constitute investment or financial product advice, nor is it a recommendation to acquire securities.
It is not intended to be used as the basis for making a financial decision, nor is it intended to constitute legal, tax, accounting or
other advice. You should make your own enquiries and investigations regarding any investment, and should seek your own
professional advice on the legal, financial, accounting, taxation and other consequences of investing in Contact.

This announcement is not a prospectus, product disclosure statement or any other disclosure or offering document under New
Zealand law, Australian law or any other law. This announcement is for information purposes only and is not an invitation or
offer of securities for subscription, purchase or sale in any jurisdiction and neither this announcement nor anything in it shall
form any part of any contract for the acquisition of securities.