Capital Change Notice - Rights Offer and DRP

Capital Change Notice




Note: this Capital Change Notice relates to the issue of ordinary shares under the rights offer announced by Genesis
Energy Limited on 23 February 2026 (Rights Offer) and the issue of ordinary shares under the dividend reinvestment
plan dated 14 February 2018 (DRP) in respect of the interim dividend for the period ended 31 December 2025.

Section 1: Issuer information
Name of issuer Genesis Energy Limited (Genesis)
NZX ticker code GNE
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZGNEE0001S7
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 152,804,560 ordinary shares, comprising:
Rights Offer: 146,318,399 ordinary shares
issued under the Rights Offer
DRP: 6,486,161 ordinary shares issued
under the DRP
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Rights Offer: NZ$2.05 (A$1.73) per
ordinary share.
(Note: under the Rights Offer, 27,926,660
ordinary shares were issued under the
shortfall bookbuild. The subscription price for
those ordinary shares was NZ$2.22 per
ordinary share, with the premium achieved in
excess of the Rights Offer price of NZ$2.05
(A$1.73) per ordinary share to be paid on a
pro rata basis to those shareholders who did
not take up their rights or who were ineligible
to do so. Further details are set out in
Genesis’ announcement dated 23 March
2026.)
DRP: NZ$2.05 per ordinary share
Nature of the payment (for example, cash or
other consideration)
Rights Offer: Cash
DRP: Cash
Amount paid up (if not in full) Paid in full
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)
13.218%
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)
Rights Offer: Issue of ordinary shares under
the Rights Offer, authorised by a resolution of
the board of Genesis dated
22 February 2026.
DRP: Issue of ordinary shares pursuant to
the DRP in respect of the interim dividend for
the period ended 31 December 2025.
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.
1,308,868,024 ordinary shares (excluding
Treasury Stock)
Zero ordinary shares held as Treasury Stock*
* Corrected from Genesis’ capital change notice dated
27 February 2026.
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
Rights Offer: Authorised by a resolution of
the board of Genesis dated
22 February 2026. The Rights Offer is made
pursuant to NZX Listing Rules 4.3.1(a) and
4.4.1.
DRP: Authorised under the DRP and a
resolution of the board of Genesis dated
20 February 2026.
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Issue of ordinary shares which rank equally
with all other fully paid ordinary shares in
Genesis.
Date of issue/acquisition/redemption 25/03/2026
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Matthew Osborne
Contact person for this announcement Matthew Osborne
Contact phone number +64 21 204 8188
Contact email address Matthew.Osborne@genesisenergy.co.nz
Date of release through MAP

25/03/2026