SSH Notice – Accident Compensation Corporation

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To New Zealand Stock Exchange and To Contact Energy Ltd Date this disclosure made: 18 January 2017 Date last disclosure made: 4 January 2017 Date on which substantial holding ceased: 16 January 2017 Substantial product holder(s) giving disclosure Full Name(s): Accident Compensation Corporation (ACC) Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton, Jason Lindsay, Jonathan Davis Summary of previous substantial holding Class of quoted voting products: Ordinary shares (CEN NZ) Summary for: Accident Compensation Corporation (ACC) Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Lindsay, Jonathan Davis For last disclosure: (a) Total number held in class: 35,925,983 (b) Total in class: 715,525,756 (c) Total percentage held in class: 5.021% For current holding after ceasing to have substantial holding: (a) Total number held in class: 35,666,492 (b) Total in class: 715,525,756 (c) Total percentage held in class: 4.985% Summary for: Jason Familton For last disclosure: (a) Total number held in class: 35,925,988 (b) Total in class: 715,525,756 (c) Total percentage held in class: 5.021% For current holding after ceasing to have substantial holding: (a) Total number held in class: 35,666,497 (b) Total in class: 715,525,756 (c) Total percentage held in class: 4.985% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: From 30 December 2016 to 13 January 2017, ACC had the following aggregated on-market transactions in Contact Energy Ltd: - Sales of 301,772 shares for consideration of NZD $1,474,653,99 - Purchases of 42,281 shares for consideration of NZD $194,247.37 Additional information Address(es) of substantial product holder(s): ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington 6140. Contact details: Marianne Scott +64 4 816 7378 investmentscompliance@acc.co.nz Nature of connection between substantial product holders: Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton, Jason Lindsay and Jonathan Davis are employees of ACC and either a portfolio manager, equity analyst or corporate governance manager. Under current ACC investment policies, they have the discretion to exercise control over some or all the rights to vote and acquisition or disposal of some or all of the financial products of which ACC is the beneficial owner. Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the securities to which this disclosure relates: n/a Certification I, Marianne Scott, 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. End CA:00295696 For:CEN Type:SSH Time:2017-01-18 12:52:04