Meridian Energy monthly operating report for September 2017

Attached is Meridian Energy Limited's monthly operating report for the month of September 2017. Highlights this month include: ? In the five weeks to 15 October 2017, national hydro storage increased from 87% to 113% of historical average ? South Island storage sat at 109% of average and North Island storage at 126% of average on 15 October 2017 ? Meridian's September 2017 monthly total inflows were 153% of historical average ? Meridian's Waitaki catchment storage at the end of September 2017 was 121% of historical average ? Storage in Meridian's Waiau catchment was also above average at the end of September 2017 ? National electricity demand in September 2017 was 0.1% higher than the same month last year ? Much of New Zealand experienced average temperatures and above average rainfall during September 2017 ? Meridian's retail sales volumes in September 2017 increased by 7.7% compared to September 2016 End CA:00308823 For:MEL Type:MKTUPDTE Time:2017-10-17 16:30:36