DRP Strike Price – HY26 dividend

NZX AND ASX RELEASE
15 September 2026
DRP Strike Price – HY26 dividend
Channel Infrastructure NZ Limited (NZX: CHI; ASX: CHI) advises that the Strike Price used to calculate
entitlements under the Company’s Dividend Reinvestment Plan (DRP) in respect of the 2026 half year
ordinary dividend has been set at NZ$3.4012 per share.
In accordance with the terms and conditions of the DRP, the Strike Price is the volume weighted
average sale price in New Zealand dollars (expressed in cents and fractions of cents) for an ordinary
share in Channel Infrastructure calculated on all price setting trades of shares that took place through
the NZX Main Board over a period of five trading days starting on Tuesday 8 September 2026, less a
1% discount.
Channel Infrastructure’s 2026 half year ordinary dividend is payable on Thursday 24 September 2026,
and shareholders who have elected to participate in the DRP will receive new Channel Infrastructure
shares instead of a cash dividend in respect of their participating shares in the DRP.
Attached is an updated Appendix 3A.1 (Notification of Dividend / Distribution) released to the ASX
today.
– ENDS –
Authorised by:
Chris Bougen
General Counsel and Company Secretary
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 410 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. Channel also has more than 350
million litres of tank capacity available for repurposing to finished product storage to support fuel security
projects and a further 45 hectares of consented, freehold land available for greenfields fuel storage
projects.
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

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Appendix 3A.1 - Notification of dividend / distribution
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Update Summary
Entity name
CHANNEL INFRASTRUCTURE NZ LIMITED
Security on which the Distribution will be paid
CHI - ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Announcement Type
Update to previous announcement
Date of this announcement
15/9/2026
Reason for the Update
Channel Infrastructure NZ Limited advises that the Strike Price used to calculate entitlements under the Dividend
Reinvestment Plan in respect of the 2026 half year ordinary dividend has been set at NZ3.4012 per share.
Additional Information
n/a
Refer to below for full details of the announcement

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Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
CHANNEL INFRASTRUCTURE NZ LIMITED
1.2 Registered Number Type
ARBN
Registration Number
692999929
1.3 ASX issuer code
CHI
1.4 The announcement is
1.4a Reason for update to a previous announcement
Channel Infrastructure NZ Limited advises that the Strike Price used to calculate entitlements under the Dividend
Reinvestment Plan in respect of the 2026 half year ordinary dividend has been set at NZ3.4012 per share.
1.4b Date of previous announcement(s) to this update
28/8/2026
1.5 Date of this announcement
15/9/2026
1.6 ASX +Security Code
CHI
ASX +Security Description
ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
30/6/2026
2A.4 +Record Date
9/9/2026
2A.5 Ex Date
8/9/2026
2A.6 Payment Date
Ordinary
Update/amendment to previous announcement

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2A.6 Payment Date
24/9/2026
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the
dividend/distribution.
2A.8 Currency in which the dividend/distribution is made ("primary currency")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
NZD 0.07250000
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD
2A.9b If AUD equivalent not known, date for information
to be released
18/9/2026
Estimated or Actual?
2A.10 Does the entity have arrangements relating to the
currency in which the dividend/distribution is paid to
securityholders that it wishes to disclose to the market?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.11a If the +entity has a DRP, is the DRP applicable to
this dividend/distribution?
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.12 Does the +entity have tax component information
apart from franking?
2A.13 Withholding tax rate applicable to the dividend/distribution (%)
15.000000 %
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
NZD
3A.1b Ordinary Dividend/distribution amount per
security
No
No
Yes
We have a Dividend/Distribution Reinvestment Plan (DRP)
No
Estimated
No

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security
NZD 0.07250000
3A.2 Is the ordinary dividend/distribution franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
0.0000 %
3A.4 Ordinary dividend/distribution franked amount per
+security
NZD 0.00000000
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
3A.6 Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
NZD 0.07250000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
4A.2 Last date and time for lodgement of election
notices to share registry under DRP
Thursday September 10, 2026 15:00:00
4A.3 DRP discount rate
1.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
8/9/2026
End Date
14/9/2026
4A.5 DRP price calculation methodology
The price is the volume weighted average sale price in New Zealand dollars (expressed in cents and fractions of cents) for
a Share calculated on all price setting trades of Shares that took place through the NZX Main Board over a period of five
trading days starting on 8 September 2026 in accordance with the terms of the DRP Offer Document.
4A.6 DRP Price (including any discount):
NZD 3.40120
4A.7 DRP +securities +issue date
24/9/2026
4A.8 Will DRP +securities be a new issue?4A.8a Do DRP +securities rank pari passu from +issue
date?
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
Yes
Yes
Do not participate in DRP (i.e. cash payment)
No
No

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4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
4A.11 Are there any other conditions applying to DRP participation?
4A.11a Conditions for DRP participation
The DRP is only available to holders of shares whose address is in New Zealand or Australia. The full terms of the DRP
are available at the link below.
4A.12 Link to a copy of the DRP plan rules
https://channelnz.com/investor-centre/dividends/
4A.13 Further information about the DRP
The full terms of the DRP are available in the DRP Offer Document at the link above.
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
n/a
5.2 Additional information for inclusion in the Announcement Summary
n/a
Yes
No
No