Capital Change Notice - Retail Offer

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 / AUD
Section 2: Capital change details
Number issued/acquired/redeemed 14,285,676 ordinary shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security NZ$8.75 (or A$7.36, which has been
determined by reference to the NZ$:A$
exchange rate published by the Reserve
Bank of New Zealand on its website at
5.00pm NZDT / 3.00pm AEDT on 6 March
2026).
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)
1.366%
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 retail
offer announced on 16 February 2026
(Retail Offer).
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.
1,060,138,331 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 Rules 4.3 and 4.5.
The Retail Offer is made pursuant to NZX
Listing Rules 4.3.1(c) and 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 13/03/2026
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.
As described, and for the reasons set out,
in the offer document relating to the Retail
Offer dated 19 February 2026 (Offer
Document), the only investors who were
able to be issued new ordinary shares
under the Retail Offer, in reliance on Rule
4.5.1, were New Zealand Eligible
Shareholders (as defined in the Offer
Document), and only in respect of any
shares issued to such persons in excess
of the first NZ$50,000).
Under the Retail Offer, Contact offered up
to NZ$75 million (with the ability to accept
oversubscriptions at Contact’s discretion)
of new shares. The Retail Offer was sized
to reflect the retail shareholder base, with
the objective of providing almost all
eligible shareholders the opportunity to
maintain their pro rata shareholding,
should they choose to do so.
Contact received applications totalling
approximately NZ$251 million under the
Retail Offer. In recognition of the strong
support from retail shareholders, Contact
elected to exercise its discretion to accept
an additional NZ$50 million in
oversubscriptions, bringing the total
amount raised under the Retail Offer to
approximately NZ$125 million.
Scaling of all applications under the Retail
Offer (including in respect of New Zealand
Eligible Shareholder applying for more
than NZ$50,000 of shares) was
undertaken according only to the number
of shares held by eligible applicants (or, in
the case of an application made by a
custodian, the relevant beneficial
owner(s)) at 7.00pm NZDT / 5.00pm
AEDT on 13 February 2026 (being the
record date for the Retail 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

Capital Change Notice



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

13/03/2026