Meridian Energy monthly operating report for September 2018

Attached is Meridian Energy Limited's monthly operating report for the month of September 2018. Highlights this month include: ? In the month to 9 October 2018, national hydro storage decreased from 94% to 79% of historical average ? South Island storage sat at 75% of average and North Island storage at 90% of average on 9 October 2018 ? Meridian's September 2018 monthly total inflows were 71% of historical average ? Meridian's Waitaki catchment storage at the end of September 2018 was 89% of historical average ? Storage in Meridian's Waiau catchment was below average at the end of September 2018 ? National electricity demand in September 2018 was 1.3% higher than the same month last year ? September 2018 saw near average temperatures across most of New Zealand, with below average rainfall, except in some eastern parts of the country ? Meridian's retail sales volumes in September 2018 were 1.3% higher than September 2017 End CA:00325332 For:MEL Type:MKTUPDTE Time:2018-10-16 08:30:39