Meridian Energy monthly operating report for February 2017

Attached is Meridian Energy Limited's monthly operating report for the month ended 28 February 2017. Highlights this month include: ? In the month to 12 March 2017, national hydro storage decreased from 120% to 106% of historical average ? South Island storage sat at 100% of average and North Island storage at 153% of average on 12 March 2017 ? Meridian's February 2017 monthly inflows were 102% of historical average ? Meridian's Waitaki catchment storage at the end of February 2017 was 114% of historical average ? National electricity demand in February 2017 was 2.4% lower than the same month last year ? 2016 was a leap year and on a daily demand basis, February 2017 had the highest level of daily demand seen in any February month ? Meridian's retail sales volumes in February 2017 increased by 4.6% compared to February 2016 End CA:00298230 For:MEL Type:MONTHLY Time:2017-03-14 09:00:24