Captial Bonds Allotment Notice (GNE050)

NOTIFICATION OF ALLOTMENT OF SECURITIES - GENESIS ENERGY CAPITAL BONDS Pursuant to NZX 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: NZGNEDG005C2 (b) Number of Capital Bonds issue: 240,000,000 (c) Nominal value: NZ$240,000,000 (d) Issue price: $1.00 (e) Payment made in cash: Yes (f) Amount paid up: Fully paid up (g) Principal terms of the securities: As set out in the terms sheet dated 26 June 2018 for the offer of Capital Bonds (h) Percentage of total class of Capital Bonds: 100% (i) Reason for the issue: The proceeds from the issue of the Capital Bonds will be used to fund the redemption of the GPLFA Bonds and for general corporate purposes. (j) Specific authority for the issue: Board resolution dated 6 June 2018 (k) Terms or details of the issue: As set out in the terms sheet dated 26 June 2018 for the offer of Capital Bonds (l) Total number of securities of the class in existence after the issue: 240,000,000 (m) Treasury stock: Not applicable (n) Date of issue: 16 July 2018 Ends Dan Dillane Group Treasurer Genesis Energy +64 21 501 235 About Genesis Genesis (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 customer accounts. Genesis generates electricity from a diverse portfolio of thermal and renewable generation assets located in different parts of the country. Genesis also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand. Genesis had revenue of NZ$2bn during the 12 months ended 30 June 2017. More information can be found at www.genesisenergy.co.nz. End CA:00320878 For:GNE Type:GENERAL Time:2018-07-16 11:01:10