Announcement of A$ Price for Rights Offer

MARKET RELEASE
Date: 3 March 2026
NZX: GNE / ASX: GNE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN THE UNITED STATES

Announcement of A$ Price for Rights Offer
Genesis Energy Limited (“Genesis”) advises that the A$ Price has been set at A$1.73 for its underwritten
1 for 7.9 pro rata renounceable rights offer to raise approximately NZ$300 million (“Rights Offer”). The
A$ Price was determined using an NZD/AUD exchange rate of 0.84305, as published by the Reserve Bank
of New Zealand on its website at 3:00pm NZDT on Monday, 2 March 2026.
The Rights Offer opens on Wednesday, 4 March 2026. Eligible shareholders should visit
www.shareoffer.co.nz/genesis to find out more.

ENDS

For investor relaƟons enquiries, please contact:
David Porter
Investor RelaƟons Manager
M: 020 4184 1186

For media enquiries, please contact:
Graeme Muir
Group Manager CommunicaƟons
M: 027 202 4885

About Genesis Energy:

Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells
electricity, reticulated natural gas and LPG and is one of New Zealand's largest energy retailers with
approximately 500,000 customers. The Company generates electricity from a diverse portfolio of
thermal and renewable generation assets located in different parts of the country. Genesis also has a
46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New
Zealand. Genesis had revenue of NZ$3.7 billion during the 12 months ended 30 June 2025. More
information can be found at www.genesisenergy.co.nz

Important Notice

EXCEPT AS OTHERWISE EXPRESSLY AGREED WITH GENESIS, THIS ANNOUNCEMENT IS RESTRICTED AND
IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,
IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE
UNITED STATES, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS
FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

This announcement or any part of it does not constitute or form part of any offer to issue or sell, or the
solicitation of an offer to purchase, subscribe for or otherwise acquire, any securities in the United States
(including its territories and possessions, any state of the United States and the District of Columbia (the
"United States" or "US"), Canada, South Africa, Japan or any other jurisdiction in which the same would
be unlawful. No public offering of the new shares is being made in any such jurisdiction.

The new shares offered in the Rights Offer have not been and will not be registered under the US
Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws or with any
securities regulatory authority of any state or other jurisdiction of the United States, and accordingly
the new shares may not be offered, sold, pledged or transferred, directly or indirectly, in, into or within
the United States except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance with any applicable securities laws of
any relevant state or other jurisdiction of the United States. There is no intention to register any portion
of the offering in the United States or to conduct a public offering of securities in the United States.

The new shares offered in the Rights Offer have not been approved or disapproved by the US Securities
and Exchange Commission, any state securities commission or other regulatory authority in the United
States, nor have any of the foregoing authorities passed upon or endorsed the merits of the placing or
the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence
in the United States.