Dividend Reinvestment Plan Strike Price

NZX AND ASX RELEASE
17 March 2026
DRP Strike Price
Channel Infrastructure NZ Limited (NZX: CHI; ASX: CHI) advises that the Strike Price used to
calculate entitlements under the Company’s Dividend Reinvestment Plan (DRP) in respect of the
2025 full year ordinary dividend has been set at NZ$2.7355 per share.
In accordance with the terms and conditions of the DRP, the Strike Price is the volume weighted
average sale price in New Zealand dollars (expressed in cents and fractions of cents) for an ordinary
share in Channel Infrastructure calculated on all price setting trades of shares that took place through
the NZX Main Board over a period of five trading days starting on Tuesday 10 March 2026, less a 1%
discount.
Channel Infrastructure’s 2025 full year ordinary dividend is payable on 26 March 2026, and
shareholders who have elected to participate in the DRP will receive new Channel Infrastructure
shares instead of a cash dividend in respect of their participating shares in the DRP.
- ENDS –
Authorised by:
Chris Bougen
General Counsel and Company Secretary
Investor Relations contact
Anna Bonney
investorrelations@channelnz.com
Media contact
Laura Malcolm
communications@channelnz.com

About Channel Infrastructure
Channel Infrastructure Channel Infrastructure is New Zealand’s largest fuel import terminal business,
storing and distributing 40% of New Zealand’s transport fuel, including 80% of New Zealand’s jet fuel.
We receive, store, test and distribute petrol, diesel, and jet fuel that our customers import and supply
to Auckland and Northland.
Fuel is imported via our deep-water harbour and jetty infrastructure at Marsden Point and stored in
more than 290 million litres of contracted storage tanks on site. The fuel is then distributed via our
170-kilometre pipeline to Auckland, or by our customers (bp, Mobil, and Z Energy) via truck into
Northland. We underpin the resilience of New Zealand’s fuel supply chain with our tank capacity,
which enables increased storage of fuel in New Zealand, and through efficient, low-emission
distribution of the fuel into the Auckland market. Given our proximity to Auckland, and critical role in
the jet fuel supply chain, Channel is well positioned to support the renewable fuel transition.
Our plan for growth includes supporting fuel resilience for New Zealand through additional fuel
storage on our site, unlocking the strategic value of the Marsden Point Energy Precinct Concept
which reflects the significant role Channel could play in supporting New Zealand’s energy transition –
through potential opportunities including supporting the manufacture of lower-carbon future fuels, as
well as a range of potential energy security opportunities, and exploring expansion beyond Marsden
Point.
Channel Infrastructure also owns a 25% interest in the Somerton jet fuel pipeline to Melbourne Airport
and its wholly-owned subsidiary, Independent Petroleum Laboratory Limited, provides fuel quality
testing services throughout New Zealand.
For more information on Channel Infrastructure, please visit: www.channelnz.com