Notification of allotment of securities – GNE Capital Bonds

Pursuant to Listing Rule 7.12.1, Genesis Energy Limited ("Issuer") announces that the following securities have been issued: (a) Class of security: Subordinated unsecured capital bonds ("Capital Bonds") ISIN NZGNEDG004C5 (b) Number of Capital Bonds issued: 225,000,000 (c) Nominal value: NZ$225,000,000 (d) Issue price: $1.00 (e) Payment made in cash: Yes (f) Amount paid up: Fully paid up (g) Percentage of total class of Capital Bonds: 100% (h) Reason for the issue: The proceeds from the issue of the Bonds will be used to support the credit rating of the Issuer following the acquisition by the Issuer of an additional 15% stake in Kupe Joint Venture and the acquisition by the Issuer of Nova Energy's LPG business. The proceeds from the issue will be used for general corporate purposes. (i) Specific authority for the issue: Board resolution dated 26 April 2017 (j) Terms or details of the issue: As set out in the terms sheet dated 18 May 2017 for the offer of Capital Bonds (k) Total number of securities of the class in existence after the issue: 225,000,000 (l) Treasury stock: Not applicable (m) Date of issue: 9 June 2017 Ends Dan Dillane Capital Structure Manager Genesis Energy 021 501 235 About Genesis Energy Genesis Energy (NZX: GNE) is a diversified New Zealand energy company. It sells electricity, reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New Zealand's largest energy retailer with around 637,000 customer accounts. The Company generates electricity from a diverse portfolio of thermal and renewable generation assets located in different parts of the country. Genesis Energy also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas field offshore of Taranaki, New Zealand. Genesis Energy had revenue of NZ$2.0bn during the 12 months ended 30 June 2016. More information can be found at www.genesisenergy.co.nz End CA:00302359 For:GNE Type:MKTUPDTE Time:2017-06-09 12:11:11