Board Announcement – Director Appointment

GENESIS CHAIR ANNOUNCES APPOINTMENT OF BARBARA CHAPMAN AS NON-EXECUTIVE DIRECTOR, JOHN LEUCHERS RETIRES The Genesis Energy Board is pleased to announce the appointment of Barbara Chapman as a non-executive director of Genesis Energy. Barbara Chapman will replace John Leuchars, who is retiring after completing six years on the Board. The Chairman of Genesis Energy, Dame Jenny Shipley, said "Barbara is well known for her leadership roles in Australia and New Zealand, most recently as the Chief Executive of ASB for almost seven years. She brings valuable skills to the Genesis Board around disruptive innovation, marketing, digital transformation, consumer technologies and driving leading Brands. "I believe Barbara's skills will both complement and enhance the Board's capability during an exciting time for our Company as we seek to put greater control in the hands of more than half a million New Zealanders who choose to be with Genesis," said Dame Jenny Barbara Chapman's appointment will be effective from 1 May 2018. However, in line with the Genesis Energy Constitution, Chapman will seek her full mandate from all shareholders by standing for election at the Company's next annual shareholding meeting in October 2018. The Chairman of Genesis Energy thanks John Leuchars for his contribution to Genesis Energy. Mr Leuchars has been a non-executive director of Genesis Energy since 2012. His extensive international engineering experience was invaluable as we completely reviewed our asset management approach and was of significant value across many of Genesis' large scale engineering projects, in particular the $125 million relining of the Tekapo canal completed in 2014. ENDS For media enquiries, please contact: Emma-Kate Greer Group Manager Corporate Relations M: 027 655 4499 For investor relations enquiries, please contact: Wendy Jenkins Group Manager Planning and Investor Relations P: 09 951 9355 M: 027 471 2377 About Genesis Energy Genesis Energy (NZX: GNE, ASX: 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 500,000 customers. 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 $NZ2bn during the 12 months ended 30 June 2017. More information can be found at www.genesisenergy.co.nz End CA:00316777 For:GNE Type:GENERAL Time:2018-04-16 09:09:49