GNE – Trading Halt of Securities

20 March 2026

To: ASX Limited
20 Bridge St
Sydney NSW 2000
Australia
TradingHaltsNZ@asx.com.au
NZ RegCo
11 Cable St
Wellington
New Zealand
issuer@nzregco.com


Request for trading halt: Genesis Energy Limited (ASX Code: GNE and NZX Codes: GNE,
GNE060, GNE070 and GNE080)

We request a trading halt to be applied to Genesis Energy Limited’s (Genesis) ordinary shares
(ISIN: NZGNEE0001S7) and unsecured, subordinated bonds (ISINs: NZGNEDG006C0,
NZGNEDG007C8 and NZGNEDG008C6) under ASX Listing Rule 17.1 and NZX Listing
Rule 9.9.1(a) and set out below details of the request as per the rules of each of ASX and NZX.

We would like the trading halt to commence from prior to the commencement of trading
today, 20 March 2026 and to be lifted at the earlier of: (i) announcement of completion of
the shortfall bookbuild described below; and (ii) opening of trading on 24 March 2026 on the
NZX and ASX, respectively.

Reasons for trading halt:

Genesis announced on 23 February 2026 its proposal to raise approximately NZ$400 million
of new capital by way of an approximately NZ$100 million placement (Placement) to be
conducted by Jarden Securities Limited, together with an approximately NZ$300 million pro
rata renounceable rights offer (Rights Offer). The Sovereign in right of New Zealand (Crown)
has committed to subscribe for the number of new shares to that the Crown has a 51.00%
shareholding following completion of the Placement and the Rights Offer (Crown
Participation). The Placement and the Rights Offer (other than the Crown Participation) are
underwritten by Jarden Partners Limited (together with Jarden Securities Limited, Jarden).

The Rights Offer includes a shortfall bookbuild process, under which certain eligible
shareholders and institutional investors may apply for additional shares attributable to
unexercised rights in the Rights Offer (Shortfall Bookbuild).


Genesis Energy Limited
The Genesis Energy Building
155 Fanshawe Street
PO Box 90477
Victoria Street West
Auckland 1142
New Zealand

T. 09 580 2094

Genesis considers that a trading halt is desirable to enable Jarden and Genesis to conduct the
Shortfall Bookbuild and determine the allocation of shares under the Shortfall Bookbuild.
Genesis considers that, but for the trading halt, the Shortfall Bookbuild process would impact
a fair, orderly or transparent market as information about the Shortfall Bookbuild or take up
by investors may be known by some market participants and not others, so the market would
not be trading on a fully informed basis.

As soon as the Shortfall Bookbuild and the allocation of shares under the Shortfall Bookbuild
are complete, Genesis will be in a position to release details of the results of the Shortfall
Bookbuild to the market. Genesis believes that such information will be price sensitive.

How long we want the trading halt to last:

We would like the trading halt to last up to two trading days, commencing from the
commencement of trading on 20 March 2026 and being lifted at the earlier of: (i)
announcement of the outcome of the Shortfall Bookbuild, and (ii) opening of trading on
24 March 2026 on the NZX and ASX, respectively.

The event we expect to happen that will end the trading halt:

We expect the trading halt to end once we are in a position to announce the outcome of the
Shortfall Bookbuild. We expect this to occur on 23 March 2026 or before market open on
24 March 2026 on the NZX and ASX, respectively.

Other information necessary to inform the market about the trading halt or that ASX or NZ
RegCo have requested:

We do not believe that there is any other information necessary to inform the market about
the trading halt.

We confirm that we are not aware of any reason why the trading halt should not be granted.

Yours sincerely



Matthew Osborne
Chief Corporate Affairs Officer

---

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum

To:
Market Participants
From:
NZX Product Operations
Date:
Friday, 20 March 2026
Subject
: Genesis Energy Limited (NS) (“GNE”) – Trading Halt of Securities


Message
:
NZ RegCo advises that, at the request of Genesis Energy Limited (NS) (“GNE”), it has placed a
trading halt on GNE ordinary shares and quoted bonds GNE060, GNE070 and GNE080. The
trading halt was placed at pre-market open today.

Attached is the trading halt application, for further information.

Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.

ENDS