Capital Change Notice Relating to the DRP

Release






Meridian Energy Limited (ARBN 151 800 396) A company incorporated in New Zealand
Level 2, 98 Customhouse Quay, Wellington 6011

meridianenergy.co.nz
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Capital Change Notice Relating to the DRP


23 September 2026
Meridian Energy Limited provides the attached Capital Change Notice pursuant to NZX listing rule
3.13.1. This Notice relates to the issue of 9,193,084 ordinary shares under Meridian Energy's
Dividend Reinvestment Plan (DRP), dated 25 August 2021, in respect of the 2026 Final Ordinary
Dividend.

ENDS

Authorised for release by:

Jason Woolley
General Counsel and Company Secretary
Meridian Energy Limited


For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Lachlan Forsyth
Media & Content Manager
021 243 5342

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Capital Change Notice

Updated as at June 2023

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Meridian Energy Limited
NZX ticker code MEL
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMELE0002S7
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 9,193,084
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $5.3296
Nature of the payment (for example, cash or other
consideration)
Cash, pursuant to the Dividend
Reinvestment Plan dated 25 August
2021
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

0.3471%
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)
Shares were issued pursuant to the
Dividend Reinvestment Plan dated 25
August 2021 in respect of the interim
dividend for the period ended 31
December 2025
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.
2,657,790,484 Ordinary Shares

1,824,495 Treasury Stock

1,973,958 Performance Share Rights
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A

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

Specific authority for the issue, acquisition, or
redemption, including a reference to the rule pursuant
to which the issue, acquisition, or redemption is made
Dividend Reinvestment Plan dated 25
August 2021 and Board resolution
dated 25 August 2026
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
The shares were issued pursuant to
the terms of the Dividend
Reinvestment Plan dated 25 August
2021
Date of issue/acquisition/redemption
2
22 September 2026
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Jason Woolley
Contact person for this announcement Jason Woolley
Contact phone number +64 21 309 962
Contact email address Jason.Woolley@meridianenergy.co.nz
Date of release through MAP

23 September 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).