Capital Change Notice relating to Green Bonds

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 Unsecured, unsubordinated green
bonds
ISIN (If unknown, check on NZX website) NZMELDT122C4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 350,000,000
Nominal value (if any) $1.00 per bond
Issue/acquisition/redemption price per security $1.00 per bond
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid
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

100% of MEL080 bonds issued
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)
Issue proceeds to be allocated in
accordance with MEL's Green Finance
Framework.
Bonds issued pursuant to a Master
Trust Deed dated 1 December 2008
(as amended from time to time) as
supplemented by a Supplemental
Trust Deed dated 1 September 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.
MEL060 - 200,000,000
MEL070 - 300,000,000
MEL080 - 350,000,000
Nil held as treasury stock

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

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 resolutions dated 22 July 2025
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
As set out in the Master Trust Deed
dated 1 December 2008 (as amended
from time to time) as supplemented by
a Supplemental Trust Deed dated 1
September 2025
Date of issue/acquisition/redemption
2
12 September 2025
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

12 September 2025




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).