Meridian Energy monthly operating report for October 2018

Attached is Meridian Energy Limited's monthly operating report for the month of October 2018. Highlights this month include: ? In the month to 9 November 2018, national hydro storage increased from 79% to 83% of historical average ? South Island storage sat at 86% of average and North Island storage at 73% of average on 9 November 2018 ? Meridian's Waitaki catchment storage at the end of October 2018 was 75% of historical average ? Storage in Meridian's Waiau catchment was also below average at the end of October 2018 ? Meridian has made calls on load under the Genesis Swaption during October 2018 ? National electricity demand in October 2018 was 2.1% higher than the same month last year ? October 2018 saw a dry month across most of New Zealand, with near average temperatures across the country ? Meridian's retail sales volumes in October 2018 were 10.4% higher than October 2017 End CA:00326773 For:MEL Type:MKTUPDTE Time:2018-11-14 08:30:51