Meridian Energy monthly operating report for October 2017

Attached is Meridian Energy Limited's monthly operating report for the month of October 2017. Highlights this month include: ? In the month to 9 November 2017, national hydro storage decreased from 113% to 104% of historical average ? South Island storage sat at 100% of average and North Island storage at 118% of average on 9 November 2017 ? Meridian's October 2017 monthly total inflows were 62% of historical average ? Meridian's Waitaki catchment storage at the end of October 2017 was 116% of historical average ? Storage in Meridian's Waiau catchment was below average at the end of October 2017 ? National electricity demand in October 2017 was 1.2% higher than the same month last year ? October 2017 saw above average temperatures in most parts of the country and very dry conditions in the central South Island ? Meridian's retail sales volumes in October 2017 increased by 3.7% compared to October 2016 End CA:00310193 For:MEL Type:MKTUPDTE Time:2017-11-13 08:32:36