Capital Change Notice - placement

Capital Change Notice




Section 1: Issuer information
Name of issuer Contact Energy Limited (Contact)
NZX ticker code CEN
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZCENE0001S6
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 51,428,572 ordinary shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $8.75
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
5.172%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for
example the Conversion price and Conversion date
and the ranking of the Financial Product in relation
to other Classes of Financial Product) or the Option
(for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Issue of ordinary shares under the
placement announced on 16 February
2026 (Placement).
Total number of Financial Products of the Class
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.
1,045,852,655 ordinary shares.
No ordinary shares are held as Treasury
Stock.
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Board resolution dated 15 February 2026
and directors' certificate dated 15
February 2026 for the issue pursuant to
NZX Listing Rule 4.5.
The Placement is made pursuant to NZX
Listing Rule 4.5.1.

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Issue of ordinary shares which rank
equally with existing fully paid ordinary
shares in Contact.
Date of issue/acquisition/redemption 20/02/2026
Section 3: Disclosure required for Placements made under Rule 4.5.1
Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
Having regard to the objectives which
supported Contact’s choice of offer
structure (being a Placement and Retail
Offer), Contact’s objectives for allocations
under the Placement were primarily to (i)
maximise participation by existing eligible
shareholders and (ii) strengthen Contact’s
share register, in each case having regard
to the criteria for allocation set out below.

For existing eligible shareholders, Contact
sought to maximise their opportunity to
acquire new shares in the Placement up
to their pro rata entitlement by applying
broad eligibility criteria for invitations to
participate in the Placement (including
determining applicable selling restrictions
based on a review of the share register)
and widely marketing the Placement
through various channels, to give as many
existing eligible shareholders as possible
notice of, and the ability to participate in,
the Placement (including through their
existing brokers).

The principal criterion for allocation was
using best efforts to maximise the number
of existing eligible shareholders who were
allocated sufficient shares to maintain
their pro rata shareholding in the
Placement (subject to the level of demand
indicated by them).
Any allocation of more than a pro rata
equivalent, or any allocations to a new
shareholder, were made by reference to:

(i) levels of historical engagement with
or support of Contact;
(ii) potential to be a long term
supportive shareholder;
(iii) levels of support for the Placement
(including the size and timeliness of
demand); and
(iv) the investor’s profile (including,
among other things, investment
style, fund size, and fund location).

Capital Change Notice



Final allocation decisions were made by
Contact, and reflected input and advice
from the Lead Manager of the offer.

There were no significant exceptions or
deviations from the objectives and criteria
set out above.
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Kirsten Clayton, General Counsel &
Company Secretary
Contact person for this announcement Kirsten Clayton
Contact phone number 021 228 3539
Contact email address companysecretary@contactenergy.co.nz
Date of release through MAP

20/02/2026