Meridian Energy monthly operating report for January 2017

Attached is Meridian Energy Limited's monthly operating report for the month ended 31 January 2017. Highlights this month include: - In the month to 13 February 2017, national hydro storage increased from 109% to 120% of historical average - South Island storage sat at 119% of average and North Island storage at 132% of average on 13 February 2017 - Meridian's January 2017 monthly inflows were 123% of historical average - Meridian's Waitaki catchment storage at the end of January 2017 was 118% of historical average - National electricity demand in January 2017 was 0.3% higher than the same month last year - January demand reflected contrasting rainfall and soil moisture levels in the North and South Islands - Meridian's retail sales volumes in January 2017 increased by 4.8% compared to January 2016 End CA:00296788 For:MEL Type:MONTHLY Time:2017-02-15 08:44:23