Significant additional diesel storage at Marsden Point

NZX AND ASX RELEASE

2 April 2026
Significant additional diesel storage at Marsden Point
Channel Infrastructure NZ Limited (NZX:CHI, ASX:CHI), New Zealand’s largest fuel import
terminal business, notes the New Zealand Government’s announcement today regarding
additional fuel storage at the Company’s Marsden Point site.

Channel confirms that it is working with the New Zealand Government to bring on an additional
93 million litres of diesel storage at Channel’s Marsden Point site on an accelerated basis, in
approximately two months.

Channel’s Chief Executive Rob Buchanan said “I am immensely proud of the way our people and
contractors in Northland have come together to quickly identify options to rapidly and significantly
increase onshore diesel storage for the benefit of New Zealand. The additional storage, once
delivered, will enhance resilience against supply chain disruptions and help enable New
Zealanders to access the critical fuels they need to keep moving. The pace at which our team has
been able to develop these solutions demonstrates the adaptability of our team and contractors
in Northland, highlighting the region’s vital role in supporting national energy security.

“Channel has a strong track record of delivering capital projects safely, on time and on budget.
Moving forward our priority will be to safely deliver the additional storage, and do so as quickly as
possible.”

Channel will commence works immediately. Contractual details are still being finalised and
Channel will provide updates to the market as relevant details are confirmed.

Import terminal operations at Marsden Point continue as normal.

- ENDS -

Authorised by:

Chris Bougen
General Counsel and Company Secretary

Contact details
Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com

Media contact:
Laura Malcolm
communications@channelnz.com


About 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