Dividend Reinvestment Plan Strike Price

MARKET RELEASE
Date: 4 March 2026
NZX: GNE / ASX: GNE
Dividend Reinvestment Plan Strike Price

Genesis Energy (“Genesis”) advises that the issue price for shares to be issued in lieu of cash for the
2026 Interim Dividend under its Dividend Reinvestment Plan (“
DRP”) is NZ$2.05 per share.

The Board exercised its discretion in exceptional or unusual circumstances to adjust the DRP sale price
so that the DRP strike price was set as an amount equal to the lower of (i) the DRP strike price calculated
under the usual DRP methodology as contemplated under the terms of the DRP, with no discount
applied; and (ii) the New Zealand dollar issue price payable under Genesis’ underwritten pro rata
renounceable rights offer to raise NZ$300 million announced on 23 February 2026 (“
Rights Offer”). In
this case, the New Zealand dollar issue price payable of NZ$2.05 per share under the Rights Offer
applies.

Shareholders who are eligible to receive the dividend and have elected to participate in the DRP in
respect of the dividend will receive shares, instead of cash, in respect of the dividend payable on 25
March 2026.

The new shares will rank equally with existing shares on issue as at the date of their issue.

ENDS


For investor relations enquiries, please contact:
David Porter
Investor Relations Manager
M: 020 4184 1186

For media enquiries, please contact:
Graeme Muir
Group Manager Communications
M: 02 7 202 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