Notice of Annual Shareholder Meeting

Delivering for
Aotearoa
New Zealand
MERIDIAN ENERGY LIMITED
Notice of Annual Shareholder Meeting
20 October 2026

MERIDIAN ENERGY LIMITED2NOTICE OF ANNUAL SHAREHOLDER MEETING
The Annual Shareholder Meeting (ASM) of Meridian
Energy Limited (NZ 938552) (ARBN 151 800 396) will
be held at Level 2, 98 Customhouse Quay, Wellington,
New Zealand on Tuesday, 20 October 2026, commencing
at 9.30am. The ASM will also be available virtually
through Computershare’s Meeting Platform.

MERIDIAN ENERGY LIMITED1NOTICE OF ANNUAL SHAREHOLDER MEETING
All shareholders will have the
opportunity to attend and
participate in the 2026 Annual
Meeting in person or online via
an internet connection (using
a computer, laptop, tablet or
smartphone). Hybrid meetings
are accessible on both desktop
and mobile devices. In order to
participate remotely you will need
to visit Computershare’s Meeting
Platform h t t p s : //meetnow.global/nz
To access the meeting, click ‘Go’
under the Meridian Energy Limited
meeting, then click ‘JOIN MEETING
NOW’. By using the meeting
platform you will be able to watch
the meeting, vote and ask questions
online using computer, laptop, tablet
or smartphone. Please refer to the
enclosed Virtual Meeting Guide for
more information. You will need the
latest version of Chrome, Safari or
Edge to access the meeting. Please
ensure your browser is compatible.
If you have any questions, or need
assistance with the online process,
please contact Computershare on
+64 9 488 8777 between 8.30am
and 5.00pm Monday to Friday.
Audio will stream through the
selected device, so shareholders
will need to ensure that they
have the volume control on their
headphones or device turned up.
Shareholders will be able to view the
presentations, vote on the resolutions
and ask questions, by using their
own computers or mobile devices.
Shareholders will still be able to cast
a postal vote or appoint a proxy
to vote for them as they otherwise
would, by following the instructions
on the proxy form and this Notice of
Annual Meeting.
Please note that not all questions may
be able to be answered during the
meeting. Further details of how to
participate virtually are provided in
the accompanying Virtual Meeting
Guide, with instructions for accessing
the virtual meeting. Shareholders are
encouraged to review this prior to
the ASM.
Shareholders will require their CSN/
Securityholder Number, which can
be found in their email broadcasts
and on their proxy forms for
verification purposes.
Hybrid Meeting
IMPORTANT DATES AND TIMES
All times are in
New Zealand time.
Vote-eligibility date for
voting entitlements for
the Annual Shareholder
Meeting is at the close
of trading on Friday,
16 October 2026.
Latest time for receipt of
postal votes and proxy
forms: Sunday 18 October
2026, 9:30am.
Annual Shareholder
Meeting: 20 October
2026, 9.30am.

MERIDIAN ENERGY LIMITED2NOTICE OF ANNUAL SHAREHOLDER MEETING
Business
A. Chair’s address
B. Chief Executive’s review
C. Ordinary business
D. Shareholder questions
To consider and, if thought
appropriate, pass the following
Ordinary Resolutions:
Resolution 1:
Re-election of David Carter:
That David Carter, who retires
by rotation and is eligible for
re-election, be re-elected as a
Director of the Company.
Resolution 2:
Re-election of Mark Verbiest:
That Mark Verbiest, who retires
by rotation and is eligible for
re-election, be re-elected as a
Director of the Company.
Resolution 3:
Election of Fraser Whineray:
That Fraser Whineray (appointed
as a Director of the Company
by the Board with effect from
28 September 2026), who retires
and offers himself for election,
be elected as a Director of
the Company.
For further detail see the
Explanatory Note.
Jason Woolley
Company Secretary
18 September 2026

MERIDIAN ENERGY LIMITED3NOTICE OF ANNUAL SHAREHOLDER MEETING
Explanatory notes
Resolution 1:
Re-election of David Carter:
The NZX Listing Rules (Listing Rules)
require that a Director must not hold
office (without re-election) past
the third annual meeting following
their appointment or three years,
whichever is longer.
Accordingly, David Carter retires
and offers himself for re-election
by shareholders at this ASM.
The Board has determined, in
its view, that David Carter is an
Independent Director (as defined
in the Listing Rules).
David Carter
Independent Director,
BE (Civil) (Hons), ME, PhD
David Carter joined the Meridian
Board in July 2023 and currently
serves on the Safety, Sustainability
and Operational Risk Committee
and the People, Remuneration and
Culture Committee.
David has been with the Beca group
of companies for 30 plus years
during which time he has held a
wide range of people, project and
governance positions across the
group. Since 2017 David has served
as Beca Group’s Executive Chair.
A civil engineer by profession,
David has worked across a wide
range of sectors within New Zealand
and offshore, from airports to ports,
and water treatment plants to heavy
duty pavements. Such projects
include remediation of the Larona
hydro canal and foundations for
various high rise structures. Delivery
mechanisms have ranged from
conventional design and construct
to design build, culminating in the
$3 plus billion Victorian (Australia)
Desalination plant as a board
member of the design JV.
David currently serves as a Guardian
of the Aotearoa Circle and chairs The
University of Auckland Foundation.

MERIDIAN ENERGY LIMITED4NOTICE OF ANNUAL SHAREHOLDER MEETING
Resolution 2:
Re-election of Mark Verbiest:
The NZX Listing Rules (Listing Rules)
require that a Director must not hold
office (without re-election) past
the third annual meeting following
their appointment or three years,
whichever is longer.
Accordingly, Mark Verbiest retires
and offers himself for re-election by
shareholders at this ASM.
The Board has determined, in
its view, that Mark Verbiest is an
Independent Director (as defined
in the Listing Rules).
Mark Verbiest
Chair, Independent Director,
LLB, CFInstD
Mark Verbiest joined the Meridian
Board in March 2017, he was
appointed Chair in October
2019. He currently serves on the
People, Remuneration and Culture
Committee and attends the Audit
and Financial Risk Committee
meetings in an ex officio capacity.
Mark is an experienced company
director, currently also serving as the
Chair of Summerset Group Holdings
Limited, and as a director of ASB
Bank Limited. He is also currently the
Chair of the Fonterra Independent
Assessment Panel, and a member
of the Chapter Zero NZ Steering
Committee. Mark was a senior
corporate partner of national law
firm Simpson Grierson for a number
of years before joining the senior
executive team at Telecom NZ.
Aside from being Group General
Counsel and leading a number
of corporate groups at Telecom,
he was also executive lead for
the International and cable, and
Yellow Pages businesses. Mark is
also a former Chair of Freightways
Limited, Spark New Zealand Limited,
Willis Bond Capital Limited and
Transpower New Zealand Limited.
He is a former director for ANZ
Bank New Zealand Limited and
a former board member of the
Financial Markets Authority and of
the Advisory Board to New Zealand
Treasury as well as having held other
board roles.
Mark has had significant involvement
and experience in the energy and
technology sectors, as well as capital
markets, in a variety of roles, over
many years.
As Mark has served on the Meridian
Board for some time, he intends, if
re-appointed, to retire at the second
ASM after his re-appointment.
Explanatory notes

MERIDIAN ENERGY LIMITED5NOTICE OF ANNUAL SHAREHOLDER MEETING
Explanatory notes
Resolution 3:
Election of Fraser Whineray:
Fraser Whineray has been
appointed as a Director of the
Company by the Board with effect
from 28 September 2026.
Under the NZX Listing Rules
(Listing Rules) and the Company’s
constitution, any director appointed
by the Board must not hold office
(without election) past the next
annual meeting following the
Director’s appointment.
Accordingly, Fraser Whineray retires
and offers himself for election by
shareholders at this ASM.
The Board has determined, in its
view, that Fraser Whineray is an
Independent Director (as defined
in the Listing Rules).
Fraser Whineray
BE(Hons) CAPE, Post Grad.
DipDairySciTec, MBA Cambridge
Fraser brings deep executive
leadership and governance
experience across the energy,
infrastructure and primary industry
sectors as well as in capital markets.
He is a former Chief Executive
of Mercury, another renewable
energy generator and retailer,
and subsequently served as Chief
Operating Officer of Fonterra
Co-operative Group where he
was responsible for operations,
global supply chain, manufacturing,
sustainability, global technology,
R&D and capital investment.
Fraser’s current governance roles
include being a Director of Waste
Management New Zealand and
Chair of TenPeaks Data Centres.
He has also held governance
roles across renewable energy,
infrastructure, investment banking
and technology entities.

MERIDIAN ENERGY LIMITED6NOTICE OF ANNUAL SHAREHOLDER MEETING
Procedural notes
Vot ing
The Board has determined that as at
the close of trading on 16 October
2026 registered shareholders at that
time are entitled to attend and vote
at the ASM.
All resolutions are ordinary
resolutions and will be passed by
a simple majority of more than
50% of the votes of those
shareholders entitled to vote
and voting on the resolutions.
On behalf of the Board, the
Company’s share registrar,
Computershare Investor Services
Limited, is authorised to receive and
count postal votes at the meeting.
Results of the voting will be available
after the conclusion of the meeting,
and will be notified to the NZX
and ASX.
There are no voting restrictions
on the resolutions proposed in
this Notice of Meeting.
Casting your vote
You may cast your vote in one of
the three ways described below.
You may abstain from voting on
the resolution:
a. Attending and voting in person:
The Board encourages all
shareholders to attend the ASM in
person and vote, or participate
virtually and vote via the
Computershare Meeting Platform
at https://meetnow.global/nz.
If you attend in person you should
bring your postal Proxy/Voting
Form or your CSN/Securityholder
Number to assist with registration
at the meeting.
b. Casting a postal vote:
A shareholder may cast a postal
vote on the matter to be voted
on at the ASM by voting FOR,
AGAINST or ABSTAIN.
Lodge your postal vote online
at www.investorvote.co.nz,
or, complete step 1 of the proxy/
voting form, sign where indicated
and return to Computershare in
the reply-paid envelope provided.
c. Appointing a proxy:
You may appoint a proxy to attend
the meeting and vote on your
behalf. Visit investorvote.co.nz
to lodge your proxy, or, complete
step 1 and step 2 of the proxy/
voting form, sign where indicated
and return to Computershare in
the reply paid envelope provided.
Note: The proxy holder does not
need to be a shareholder of the
Company. If you appoint a Director
as your proxy, then any undirected
proxies granted to the Director will
be voted in favour of the relevant
resolutions. A body corporate which
is a shareholder may appoint a
representative to attend the meeting
on its behalf in the same manner as
that in which it can appoint a proxy.
If you do not name a person as
your proxy (but have otherwise
completed the proxy form in full)
or your named proxy does not
attend the meeting, the Chair will
be appointed your proxy and will
vote in accordance with your express
direction, and any undirected votes
will (subject to any restriction(s) set
out in the NZX Listing Rules) be
voted in accordance with the
Chair’s discretion.
If your proxy is not the Chair of the
meeting or a Director and they
intend to join the meeting remotely
please ensure that you provide their
contact details in the space provided
on the proxy form.

MERIDIAN ENERGY LIMITED7NOTICE OF ANNUAL SHAREHOLDER MEETING
Shareholder questions
Shareholders attending the
meeting in person will be given
the opportunity to raise questions.
Shareholders may also submit
written questions. The main
themes will be aggregated and
responded to at the ASM. Written
questions should be sent by
post to the Company Secretary,
Meridian Energy Limited, PO Box
10840, Wellington 6140 or by
email to companysecretary@
meridianenergy.co.nz
Meridian Energy Limited reserves
the right not to address questions
that, in the Chair’s opinion are not
reasonable in the context of an
annual shareholder meeting, or
any written question not received
by the close of business on
13 October 2026.
OTHER IMPORTANT INFORMATION
Meeting venue
The ASM is being held at Level 2, 98 Customhouse Quay,
Wellington, New Zealand.
If you are unable to attend the ASM, but would still like to
see what was presented and the voting results, then visit:
www.meridianenergy.co.nz/investors

New Zealand
Computershare Investor
Services Limited
Private Bag 92119
Auckland 1142, New Zealand
Level 2, 159 Hurstmere Road
Takapuna
Auckland 0622,
New Zealand
Australia
Computershare Investor
Services Pty Limited
GPO Box 2975
Melbourne, VIC 3001,
Australia
Share
Registrar Details

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Lodge your postal vote or proxy
Online
www.investorvote.co.nz
By Mail
Computershare Investor Services Limited
Private Bag 92119, Auckland 1142, New Zealand
For all enquiries contact
+64 9 488 8777
corporateactions@computershare.co.nz
Your secure access information
Control Number: CSN/Shareholder Number:
PLEASE NOTE: You will need your CSN/Shareholder Number and postcode or country of residence (if outside New Zealand) to
securely access InvestorVote and then follow the prompts to lodge your vote or appoint your proxy online.
Proxy/Voting Form
Lodge your vote or appoint your proxy online, 24 hours a day, 7 days a week:
www.investorvote.co.nz
Scan the QR code to vote now.
Smartphone?
For your proxy or postal vote to be effective it must be received by 9.30am on Sunday, 18 October 2026.
Turn over to complete the form to vote
Signing Instructions for Postal/Proxy Forms
Individual
Where the holding is in one name, the shareholder must sign.
Joint Holding
Where the holding is in more than one name, all of the shareholders should sign.
Power of Attorney
If this Proxy Form has been signed under a power of attorney, a copy of the
power of attorney (unless already deposited with the Company) and a signed
certificate of non-revocation of the power of attorney must be produced to the
Company with this Proxy Form.
Companies
This form should be signed by a Director jointly with another Director, or a
Sole Director can sign alone. Please sign in the appropriate place and indicate
the office held.
Comments & Questions
If you have any comments or questions for the company, please write them on a
separate sheet of paper and return with this form.
Notes
Casting your vote
You may cast your vote in one of the three ways described below. You may abstain
from voting on the resolutions.
(a) Attending the Meeting:
The Board encourages all shareholders to attend the ASM in person and vote,
or participate virtually and vote via the Computershare Meeting Platform at
https://meetnow.global/nz. If you attend in person you should bring your postal
Proxy/Voting Form or your CSN/Securityholder Number to assist with registration
at the meeting.
(b) Casting a postal vote:
A shareholder may cast a postal vote on the matters to be voted on at the
ASM by voting FOR, AGAINST or ABSTAIN. Lodge your postal vote online at
www.investorvote.co.nz, or, complete step 1 on the reverse of this proxy/voting form,
sign where indicated and return to Computershare in the reply paid
envelope provided.
(c) Appointing a proxy:
You may appoint a proxy to attend the meeting and vote on your behalf. Visit
www.investorvote.co.nz to lodge your proxy, or, complete step 1 and step 2 on the
reverse of this proxy/voting form, sign where indicated and return to Computershare
in the reply paid envelope provided.
Note: The proxy holder does not need to be a shareholder of the Company. If you
appoint a Director as your proxy, then any undirected proxies granted to the Director
will be voted in favour of the resolution. A body corporate which is a shareholder may
appoint a representative to attend the meeting on its behalf in the same manner as
that in which it can appoint a proxy.
If you do not name a person as your proxy (but have otherwise completed the proxy
form in full) or your named proxy does not attend the meeting, the Chair will be
appointed your proxy and will vote in accordance with your express direction, and any
undirected votes will (subject to any restriction(s) set out in the NZX Listing Rules) be
voted in accordance with the Chair’s discretion.

Voting Instructions/Ballot Paper
STEP 1
hereby appoint of
or failing him/herof
as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the above directions at the Annual Shareholder Meeting of
Meridian Energy Limited to be held on Level 2, 98 Customhouse Quay, Wellington, New Zealand on Tuesday, 20 October 2026 commencing at 9.30am and at any
adjournment of that meeting.
I/We being a shareholder/s of Meridian Energy Limited
Appointment of Proxy
STEP 2
Please note: If you do not plan to attend the meeting, you may cast a postal vote or appoint a proxy to vote at the meeting.
If you mark the PROXY DISCRETION box above you must appoint a proxy. This may be the chair or any director if you so wish.
Elect Electronic Communications
Want to receive your communications quickly? Elect electronic communications by providing your email address below
Email Address
(By providing an email address above it is acknowledged that all communications for my portfolio will be received electronically where offered)
Signature of Shareholder/s This section must be completed.
SIGN
or Sole Director/Directoror Director (if more than one)
Shareholder 1Shareholder 2Shareholder 3
Contact Name Contact Daytime Telephone Date
The resolutions are stated in brief. Please refer to the Notice of Annual Shareholder Meeting for the full text of the resolutions and Explanatory Notes.
For
Against
Abstain
Proxy
Discretion
Ordinary Resolutions
1.
That David Carter, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company.
2.
That Mark Verbiest, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company.
3.
That Fraser Whineray (appointed as a Director of the Company by the Board with effect from 28 September 2026), who
retires and offers himself for election, be elected as a Director of the Company.
If your proxy is not the Chair of the Meeting or any other director of the Company, please ensure that you provide their contact details (phone and email address). If this
information is not provided, we cannot guarantee remote admission to the virtual meeting for your proxy.
Proxy contact Details (Phone): and (Email):
ATTENDANCE SLIP
Annual Shareholder Meeting of Meridian Energy Limited
to be held on Level 2, 98 Customhouse Quay, Wellington,
New Zealand and online via Computershare's Meeting
Platform https://meetnow.global/nz on
Tuesday, 20 October 2026 commencing at 9.30am.
Proxy/Voting Form

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How to participate in a
virtual/hybrid meeting
Attending th
e meeting online
Our online meeting provides you the opportunity to
participate online using your smartphone, tablet or computer.
If you do choose to attend online you will be able to view a
live webcast of the meeting, ask questions and submit your
votes in real time.
You will need the latest version of Chrome, Safari or Edge.
Please ensure your browser is compatible.
Visit meetnow.global/nz
Access
Access the online meeting at meetnow.global/nz, and
select the required meeting. Click ‘
JOIN MEETING NOW’.
If you are a shareholder:
Select ‘Shareholder’ on the login
screen and enter your CSN/Holder
Number and Post Code. If you are
outside New Zealand, simply select
your country from the drop down
box instead of the post code.
Accept the Terms and Conditions
and click Continue.
If you are a guest:
Select ‘Guest’ on the login screen.
As a guest, you will be prompted
to complete all the relevant fields
including title, first name, last name
and email address.
Please note, guests will not be able to
ask questions or vote at the meeting.
If you are a proxy holder:
You will receive an email invitation
the day before the meeting to access
the online meeting. Click on the link in
the invitation to access the meeting.
Navigation
When successfully authenticated,
the home screen will be displayed.
You can watch the webcast, vote, ask
questions, and view meeting materials
in the documents folder. The image
highlighted blue indicates the page
you have active.
The webcast will appear and begin
automatically once the meeting
has started.
Voting
Resolutions will be put forward
once voting is declared open by the
Chair. Once the voting has opened,
the resolution and voting options
will appear.
To vote, simply select your voting
direction from the options shown on
screen. You can vote for all resolutions
at once or by each resolution.
Your vote has been cast when the
green tick appears. To change your
vote, select ‘Change Your Vote’.
Q&A
Any eligible shareholder/proxy
attending the meeting remotely is
eligible to ask a question.
Select the Q&A tab and type your
question into the box at the bottom
of the screen and press ‘Send’.
Contact
If you have any issues accessing the
website please call +64 9 488 8700.