Capital Change Notice - Lapse of Performance Share Rights

Capital Change Notice




Section 1: Issuer information
Name of issuer Genesis Energy Limited (‘GNE’ or the ‘Company’)
NZX ticker code GNE
Class of financial product Performance share rights (‘PSR’s) convertible to
ordinary shares issued pursuant to the Company’s
Performance Share Rights Plans
ISIN (If unknown, check on NZX website) NZGNEE0001S7
Currency N/A
Section 2: Capital change details
Number issued/acquired/redeemed Lapse of Lapse of PSRs in respect of 399,020 ordinary shares.
Nominal value (if any) Nil
Issue/acquisition/redemption price per security Nil
Nil
Nature of the payment (for example, cash or other
consideration)
Nil
.
Amount paid up (if not in full) $N/A
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)
1

• GNE has a total of 1,308,868,024 ordinary
shares on issue.
• The 399,020 lapsed PSRs represent 0.03%
of the total ordinary shares on issue.
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)
The PSRS The PSRs have lapsed in accordance with the rules of
the Plan because certain holders of the PSRs have
ceased to be employed by the Company.
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.


After the lapse of the 399,020 PSRs that
are the subject of this notice GNE will
have a total of 3,085,234 PSRs on issue
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
• The PSRs lapsed pursuant to the terms of
the incentive plans under which they
were issued
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
• There was no issue, acquisition or
redemption.
• The PSRs lapsed pursuant to the terms of
the incentive plans under which they
were issued

Capital Change Notice




Date of issue/acquisition/redemption
2
01/07/2026

Section 3: Disclosure required for Placements made under Rule 4.5.1
Details of the approach in identifying investors who were able
to participate in the offer and how their respective allocations
in the offer were determined.
The explanation must set out the key objectives and criteria
the Issuer adopted in the allocation process, whether one of
those objectives was a best effort to allocate on a pro rata
basis to existing holders of the Issuer’s Equity Securities, and
any significant exceptions or deviations from those objectives
and criteria.
N/A
Section 4: Authority for this announcement and contact person
Name of person authorised to make this announcement Charles Bolt
Contact person for this announcement Charles Bolt
Contact phone number 021 889 533
Contact email address charles.bolt@genesisenergy.co.nz
Date of release through MAP 1 July 2026



1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.