Completion of Shortfall Bookbuild

Bookbuild
MARKET RELEASE
Date: 23 March 2026
NZX: GNE / ASX: GNE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN THE UNITED STATES

Completion of Shortfall Bookbuild

Genesis Energy Limited (“Genesis”) is pleased to announce the successful compleƟon of the shorƞall
bookbuild component of its NZ$300 million underwriƩen 1 for 7.9 pro rata renounceable rights offer
(“Rights Offer”).

The clearing price under the shorƞall bookbuild was NZ$2.22 per new share, represenƟng a premium of
NZ$0.17 to the applicaƟon price of NZ$2.05 per new share under the Rights Offer. Therefore, eligible
shareholders who did not take up their rights in full and shareholders who were ineligible to parƟcipate
in the Rights Offer will receive NZ$0.17 for each new share not taken up by them. Ineligible shareholders
will be deemed to hold the number of rights they would have received if they were eligible shareholders
for the purpose of calculaƟng the amount of the premium. Payment of the premium is expected to be
made on 31 March 2026.

SeƩlement of the Rights Offer is expected to occur on 24 March 2026 for the ASX and on 25 March 2026
for the NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 25
March 2026. The new shares issued under the Rights Offer will rank equally with Genesis’ exisƟng shares.

A total of approximately NZ$400 million was raised in aggregate across the Rights Offer and the NZ$100
million underwriƩen placement (“Placement”) announced by Genesis on 23 February 2026.

For further informaƟon in respect of the Placement and Rights Offer, please refer to the equity raise
presentaƟon and Offer Document released to the NZX and ASX on 23 February 2026.

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, reƟculated 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 porƞolio of thermal

and renewable generaƟon 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 informaƟon can
be found at www.genesisenergy.co.nz

Important NoƟce

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 consƟtute or form part of any offer to issue or sell, or the
solicitaƟon of an offer to purchase, subscribe for or otherwise acquire, any securiƟes 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 jurisdicƟon in which the same would
be unlawful. No public offering of the new shares is being made in any such jurisdicƟon.

The new shares offered in the Rights Offer and the Placement have not been and will not be registered
under the US SecuriƟes Act of 1933, as amended (the "SecuriƟes Act"), or under the securiƟes laws or
with any securiƟes regulatory authority of any state or other jurisdicƟon 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 exempƟon from, or in a transacƟon not subject
to, the registraƟon requirements of the SecuriƟes Act and in compliance with any applicable securiƟes
laws of any relevant state or other jurisdicƟon of the United States. There is no intenƟon to register any
porƟon of the offering in the United States or to conduct a public offering of securiƟes in the United
States.

The new shares offered in the Rights Offer and the Placement have not been approved or disapproved
by the US SecuriƟes and Exchange Commission, any state securiƟes commission or other regulatory
authority in the United States, nor have any of the foregoing authoriƟes passed upon or endorsed the
merits of the placing or the accuracy or adequacy of this announcement. Any representaƟon to the
contrary is a criminal off
ence in the United States.