Capital Bond Redemption Notice (GPLFA)

NOTIFICATION OF REDEMPTION OF SECURITIES - GENESIS CAPITAL BONDS (GPLFA) Pursuant to NZX Listing Rule 7.12.1, Genesis Energy Limited ("Issuer") announces that the following securities have been redeemed: (a) Class of security: Subordinated unsecured capital bonds ("Capital Bonds"), ISIN: NZGPLD0001L4 (b) Number of Capital Bonds redeemed: 200,000,000 (c) Nominal value: NZ$200,000,000 (d) Redemption price: $1.00 (together with any amounts outstanding thereon, including accrued and unpaid interest). (e) Payment made in cash: Yes (f) Amount paid up: Fully paid up (g) Principal terms of the redemption: As set out in the redemption notice dated 26 June 2018 for the redemption of Capital Bonds (h) Percentage of total class of Capital Bonds: 100% (i) Reason for the redemption: Issuer redemption for capital structure management purposes. (j) Specific authority for the redemption: Board resolution dated 6 June 2018 (k) Terms or details of the redemption: As set out in the redemption notice dated 26 June 2018 for the redemption of Capital Bonds (l) Total number of securities of the class in existence after the redemption: Nil (m) Treasury stock: Not applicable (n) Date of redemption: 16 July 2018 Ends Dan Dillane Group Treasurer Genesis +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:00320926 For:GNE Type:ADMIN Time:2018-07-17 08:31:43