Ongoing D&O Disclosure Notices

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Meridian Energy Limited
Date this disclosure made:30-Oct-25
Date of last disclosure: 16-Oct-25
Director or senior manager giving disclosure
Full name(s):Neal Anthony Barclay
Name of listed issuer:Meridian Energy Limited
Name of related body corporate (if applicable):N/A
Position held in listed issuer:Previously held position of Chief Executive
Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s):1) Performance share rights in
connection with the Meridian Energy
Limited Executive Long Term Incentive
Plan
2) Beneficial ownership
3) Beneficial ownership
For that relevant interest-
Number held in class before acquisition or disposal:1) 166,150 share rights
2) 576,305.67 ordinary shares
3) 765,123.67 ordinary shares
Number held in class after acquisition or disposal:1) 0 share rights
2) 765,123.67 ordinary shares
3) 692,423.67 ordinary shares
Current registered holder(s):1) N/A
2) Sharesies Nominee Limited
3) N/A
Registered holder(s) once transfers are registered:1) N/A
2) Sharesies Nominee Limited
3) N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products:N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Three
Details of transactions requiring disclosure-
Date of transaction:1) 20-Oct-2025
2) 20-Oct-2025
3) 22-Oct-2025
Nature of transaction: 1) Conversion of performance share rights
in relation to the vesting of FY23 Meridian
LTI Plan
2) Off-market transfer of ordinary shares
in relation to the vesting of the FY23
Meridian LTI Plan
3) On-market sale
Name of any other party or parties to the transaction (if known):1) N/A
2) N/A
3) N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
1) N/A
2) N/A
3) $5.95
Number of financial products to which the transaction related: 1) 166,150 share rights
2) 188,818 ordinary shares
3) 72,700 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:30-Oct-25
Name and title of authorised person:Jason Woolley, General Counsel and
Company Secretary

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Meridian Energy Limited
Date this disclosure made:30-Oct-25
Date of last disclosure: 9-Oct-25
Director or senior manager giving disclosure
Full name(s):Christopher Douglas Victor Ewers
Name of listed issuer:Meridian Energy Limited
Name of related body corporate (if applicable):N/A
Position held in listed issuer:Previously held position of General
Manager, Wholesale
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s):1) Performance share rights in
connection with the Meridian Energy
Limited Executive Long Term Incentive
Plan
2) Beneficial ownership
3) Beneficial ownership
For that relevant interest-
Number held in class before acquisition or disposal:1) 116,540 share rights
2) 84,775.82 ordinary shares
3) 135,071.82 ordinary shares
Number held in class after acquisition or disposal:1) 72,282 share rights
2) 135,071.82 ordinary shares
3) 120,071.82 ordinary shares
Current registered holder(s):1) N/A
2) Sharesies Nominee Limited
3) N/A
Registered holder(s) once transfers are registered:1) N/A
2) Sharesies Nominee Limited
3) N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products:N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative(if any):N/A
The price specified in the terms of the derivative (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Three
Details of transactions requiring disclosure-
Date of transaction:1) 20-Oct-2025
2) 20-Oct-2025
3) 22-Oct-2025
Nature of transaction: 1) Conversion of performance share rights
in relation to the vesting of FY23 Meridian
LTI Plan
2) Off-market transfer of ordinary shares
in relation to the vesting of the FY23
Meridian LTI Plan
3) On-market sale
Name of any other party or parties to the transaction (if known):1) N/A
2) N/A
3) N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
1) N/A
2) N/A
3) $5.95
Number of financial products to which the transaction related: 1) 44,258 share rights
2) 50,296 ordinary shares
3) 15,000 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:30-Oct-25
Name and title of authorised person:Jason Woolley, General Counsel and
Company Secretary

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Meridian Energy Limited
Date this disclosure made:30-Oct-25
Date of last disclosure: 9-Oct-25
Director or senior manager giving disclosure
Full name(s):Lisa Jane Hannifin
Name of listed issuer:Meridian Energy Limited
Name of related body corporate (if applicable):N/A
Position held in listed issuer:Chief Customer Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s):1) Performance share rights in
connection with the Meridian Energy
Limited Executive Long Term Incentive
Plan
2) Beneficial ownership
For that relevant interest-
Number held in class before acquisition or disposal:1) 144,552 share rights
2) 45,276.20 ordinary shares
Number held in class after acquisition or disposal:1) 93,276 share rights
2) 103,547.20 ordinary shares
Current registered holder(s):1) N/A
2) N/A
Registered holder(s) once transfers are registered:1) N/A
2) Sharesies Nominee Limited
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products:N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative(if any):N/A
The price specified in the terms of the derivative (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two
Details of transactions requiring disclosure-
Date of transaction:1) 20-Oct-2025
2) 20-Oct-2025
Nature of transaction: 1) Conversion of performance share
rights in relation to the vesting of FY23
LTI Plan
2) Off market transfer of ordinary shares
in relation to the vesting of the FY23
Meridian LTI Plan
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
N/A
Number of financial products to which the transaction related: 1) 51,276 share rights
2) 58,271 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:30-Oct-25
Name and title of authorised person:Jason Woolley, General Counsel and
Company Secretary

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Meridian Energy Limited
Date this disclosure made:
30-Oct-25
Date of last disclosure:
9-Oct-25
Director or senior manager giving disclosure
Full name(s):
Tania Jane Palmer
Name of listed issuer:
Meridian Energy Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:General Manager Generation
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s):1) Performance share rights in connection
with the Meridian Energy Limited
Executive Long Term Incentive Plan
2) Beneficial ownership
For that relevant interest-
Number held in class before acquisition or disposal:1) 145,302 share rights
2) 52,587.68 ordinary shares
Number held in class after acquisition or disposal:1) 90,462 share rights
2) 114,909.68 ordinary shares
Current registered holder(s):1) N/A
2) N/A
Registered holder(s) once transfers are registered:1) N/A
2) Sharesies Nominee Limited
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two
Details of transactions requiring disclosure-
Date of transaction:
1) 20-Oct-2025
2) 20-Oct-2025
Nature of transaction: 1) Conversion of performance share
rights in relation to the vesting of FY23 LTI
Plan
2) Off market transfer of ordinary shares
in relation to the vesting of the FY23
Meridian LTI Plan
Name of any other party or parties to the transaction (if known):
N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
N/A
Number of financial products to which the transaction related:
1) 54,840 share rights
2) 62,322 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
N/A
Nature of relevant interest:
N/A
For that relevant interest,-
Number held in class:
N/A
Current registered holder(s):
N/A
For a derivative relevant interest,-
Type of derivative:
N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
30-Oct-25
Name and title of authorised person:Jason Woolley, General Counsel and
Company Secretary

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Meridian Energy Limited
Date this disclosure made:30-Oct-25
Date of last disclosure: 9-Oct-25
Director or senior manager giving disclosure
Full name(s):Helen Louise Peters
Name of listed issuer:Meridian Energy Limited
Name of related body corporate (if applicable):N/A
Position held in listed issuer:Chief Financial Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s):1) Performance share rights in connection
with the Meridian Energy Limited
Executive Long Term Incentive Plan
2) Beneficial ownership
For that relevant interest-
Number held in class before acquisition or disposal:1) 35,072 share rights
2) 2,449.73 ordinary shares
Number held in class after acquisition or disposal:1) 22,074 share rights
2) 17,220.73 ordinary shares
Current registered holder(s):1) N/A
2) N/A
Registered holder(s) once transfers are registered:
1) N/A
2) Sharesies Nominee Limited
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products:N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative(if any):N/A
The price specified in the terms of the derivative (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two
Details of transactions requiring disclosure-
Date of transaction:1) 20-Oct-2025
2) 20-Oct-2025
Nature of transaction: 1) Conversion of performance share rights
in relation to the vesting of FY23 LTI Plan
2) Off market transfer of ordinary shares in
relation to the vesting of the FY23
Meridian LTI Plan
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
N/A
Number of financial products to which the transaction related: 1) 12,998 share rights
2) 14,771 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest,- N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:30-Oct-25
Name and title of authorised person:Jason Woolley, General Counsel and
Company Secretary

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Meridian Energy Limited
Date this disclosure made:30-Oct-25
Date of last disclosure: 9-Oct-25
Director or senior manager giving disclosure
Full name(s):Michael John Roan
Name of listed issuer:Meridian Energy Limited
Name of related body corporate (if applicable):N/A
Position held in listed issuer:Chief Executive
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s):1) Performance share rights in connection
with the Meridian Energy Limited
Executive Long Term Incentive Plan
2) Beneficial ownership
For that relevant interest-
Number held in class before acquisition or disposal:1) 185,096 share rights
2) 264,785.93 ordinary shares
Number held in class after acquisition or disposal:1) 116,656 share rights
2) 342,562.93 ordinary shares
Current registered holder(s):1) N/A
2) N/A
Registered holder(s) once transfers are registered:1) N/A
2) Sharesies Nominee Limited
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products:N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative(if any):N/A
The price specified in the terms of the derivative (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two
Details of transactions requiring disclosure-
Date of transaction:1) 20-Oct-2025
2) 20-Oct-2025
Nature of transaction: 1) Conversion of performance share rights
in relation to the vesting of FY23 LTI Plan
2) Off market transfer of ordinary shares in
relation to the vesting of the FY23
Meridian LTI Plan
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
N/A
Number of financial products to which the transaction related: 1) 68,440 share rights
2) 77,777 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest,- N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:30-Oct-25
Name and title of authorised person:Jason Woolley, General Counsel and
Company Secretary

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Meridian Energy Limited
Date this disclosure made:
30-Oct-25
Date of last disclosure:
9-Oct-25
Director or senior manager giving disclosure
Full name(s):
Guy Meredith Te Puka Waipara
Name of listed issuer:
Meridian Energy Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:General Manager, Development
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s):1) Performance share rights in connection
with the Meridian Energy Limited
Executive Long Term Incentive Plan
2) Beneficial ownership
For that relevant interest-
Number held in class before acquisition or disposal:1) 149,802 share rights
2) 313,400.14 ordinary shares
Number held in class after acquisition or disposal:1) 94,878 share rights
2) 375,815.14 ordinary shares
Current registered holder(s):1) N/A
2) N/A
Registered holder(s) once transfers are registered:1) N/A
2) Sharesies Nominee Limited
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two
Details of transactions requiring disclosure-
Date of transaction:
1) 20-Oct-2025
2) 20-Oct-2025
Nature of transaction: 1) Conversion of performance share
rights in relation to the vesting of FY23 LTI
Plan
2) Off market transfer of ordinary shares
in relation to the vesting of the FY23
Meridian LTI Plan
Name of any other party or parties to the transaction (if known):
N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
N/A
Number of financial products to which the transaction related:
1) 54,924 share rights
2) 62,417 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
N/A
Nature of relevant interest:
N/A
For that relevant interest,-
Number held in class:
N/A
Current registered holder(s):
N/A
For a derivative relevant interest,-
Type of derivative:
N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
30-Oct-25
Name and title of authorised person:Jason Woolley, General Counsel and
Company Secretary