Capital Change Notice - FY24 PSR Plan - Partial Vesting

MARKET RELEASE

Date: 18 SEPTEMBER 2026
NZX: GNE / ASX: GNE
Capital Change Notice – FY24 Performance Share Rights Plan – Partial Vesting
Genesis Energy Limited provides the attached Capital Change Notice pursuant to NZX listing rule
3.13.1 in connection with the partial vesting of performance share rights (‘PSR’s) issued to the
executive team on 15 September 2023 under Company’s FY24 Performance Share Rights Plan (‘FY24
PSR Plan’).
The Notice records:
- that 143,881 PSRs issued under the FY24 PSR Plan have vested;

- that 143,881 Genesis shares have been acquired and transferred to the eligible executives in
accordance with their entitlements under the FY24 Plan; and

- the balance of the PSRs issued under the FY24 PSR Plan have lapsed.

ENDS

For media enquiries, please contact:
Graeme Muir
Group Manager Communications and Media
Genesis Energy
P: +649 9519234

For investor relations enquiries, please contact:
Michael Hunter
General Manager Investor Relations and Corporate Valuation
Genesis Energy
P: +649 9519290

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Capital Change Notice




Section 1: Issuer information
Name of issuer
Genesis Energy Limited (‘Genesis’ or
the ‘Company’)
NZX ticker code GNE
Class of financial product
Ordinary shares to fulfil vesting
obligations under the Company’s
FY24 Performance Share Rights Plan
(‘FY24 Plan’)
ISIN (If unknown, check on NZX website) NZGNEE0001S7
Currency Not applicable
Section 2: Capital change details
Number issued/acquired/redeemed 143,881 ordinary shares
Nominal value (if any) Nil
Issue/acquisition/redemption price per security n/a
Nature of the payment (for example, cash or other
consideration)
On market purchase of ordinary
shares for cash
Amount paid up (if not in full) Not applicable
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

Genesis has procured the acquisition
of 143,881 ordinary shares for the
benefit of and transfer to
participants in the FY24 Plan
(‘Participants’).

Immediately before the acquisition of
the 143,881 ordinary shares Genesis
had a total of 1,308,868,024 ordinary
shares on issue.

The 143,881 ordinary shares
acquired for the benefit of the
Participants represent 0.01% of the
total number of ordinary shares on
issue immediately before their
acquisition.
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)
Not applicable

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

Capital Change Notice


Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Performance share rights (‘PSR’s) in
respect of 954,895 ordinary shares
were awarded under the FY24 Plan.
Each PSR granted under the FY24
Plan that vested entitled the
Participant to acquire one fully paid
ordinary share in Genesis for no cash
consideration.
The number of PSRs that vested
depended upon the Company
meeting certain performance
conditions over a three-year
performance period that ended on
30 June 2026.
The Board has determined that those
performance conditions were
partially met, resulting in the vesting
of 143,881 PSRs.
Accordingly, 143,881 shares were
acquired for the benefit of and
transferred to Participants for no
cash consideration to satisfy the
Company’s obligations under the
FY24 Plan.
The acquisition was authorised by a
Board resolution dated 23 June 2026.
The PSRs to which these shares
relate were issued pursuant to listing
rule 4.6.1 and the financial assistance
in connection with the on market
acquisition of the shares was
provided pursuant to listing rule
4.15.2(b).
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 procuring the acquisition of the
143,881 ordinary shares notified in
this Capital Change Notice:

- The total number of ordinary
shares on issue is 1,308,868,024;
and

- The total number of ordinary
shares held by the Company as
treasury stock is nil; and

- There are no outstanding
Performance Share Rights under
the FY24 Plan.

Capital Change Notice


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
Board resolution dated 23 June 2026
and listing rule 4.6.1 (in relation to
the issue of the PSRs) and listing rule
4.15.2(b) in relation to the financial
assistance provided by the Company
to procure the acquisition of the
143,881 ordinary shares.
Terms or details of the acquisition (for example: restrictions,
escrow arrangements)
The 143,881 ordinary shares were
acquired on market for the benefit of
and transferred to Participants in
order to satisfy the Company’s
obligations under the FY24
Performance Share Rights Plan
Date of issue/acquisition/redemption
2
17/09/2026
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Michael Hunter
Contact person for this announcement Michael Hunter
Contact phone number 021 073 1603
Contact email address Michael.hunter@genesisenergy.co.nz
Date of release through MAP 18/09/2026





2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).