Capital Change Notice - Allotment of Shares

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)
Allotment of Shares
20 October 2026
In accordance with Listing Rules 3.13.1 and 3.15.2, the Meridian Board advises that treasury stock held
by Meridian for the purposes of the Executive Long Term Incentive Scheme, implemented by Meridian
on 23 August 2019 (
Scheme
), has been transferred to entitled employees (
Participants
) pursuant to
the exercise of their vested share rights (
Share Rights
) under the Scheme. The treasury stock
transferred is to be quoted on NZX and is to rank pari passu with the ordinary shares in Meridian on
issue.
For the purposes of Listing Rule 3.15.2, the following details are provided:
(a) Number of Financial Products converted and the number and class of Quoted Financial
Products into which they have been converted: 481,336 Share Rights cancelled, and 194,294
Share Rights converted into 224,344 ordinary shares in Meridian (the Share Rights give the
holder options to acquire ordinary shares in Meridian, which may be exercised if the Share
Rights vest);
(b) Interest or dividend conditions attaching to the Financial Products into which they have been
converted: None – to rank pari passu with the ordinary shares in Meridian on issue; and
(c) Number of Financial Products of the same class remaining to be converted: 1,298,328
Performance Share Rights.
The attached Capital Change Notice provides further details on the shares transferred.


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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Template
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 224,344 ordinary shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security No consideration is payable
Nature of the payment (for example, cash or other
consideration)
N/A
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

0.0084% of the ordinary shares in
Meridian Energy Limited (based on
the number of ordinary shares
currently 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)
Issued under the Meridian Energy
Limited Long Term Incentive Plan,
approved by the Meridian Board on 23
August 2019
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.
2,658,014,828 Ordinary Shares
1,600,151 Treasury Stock
1,298,328 Performance Share Rights
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
Meridian Energy Limited Executive
Long Term Incentive Scheme Rules
and Board resolutions for the

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

purposes of Listing Rules 4.9.1(b)(i),
dated 26 September 2019 and 22 July
2025
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
The terms and details of the issue are
contained in the Meridian Energy
Limited Long Term Incentive Scheme
Rules.
Date of issue/acquisition/redemption
2
19 October 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

20 October 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).