Capital Change Notice – Employee Equity Scheme

Section 1: issuer information Name of issuer: Contact Energy Limited NZX ticker code: CEN Class of Financial Product: Ordinary shares ISIN: NZCENE0001S6 Section 2: capital change details Number issued/acquired/redeemed: 67,483 Nominal value (if any: N/A Issue/acquisition/redemption/ price: Under the terms of Contact's Employee Equity Scheme, the shares had no cash issue price. Nature of the payment (for example, cash or other consideration: N/A Amount paid up (if not in full: In full Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence: 0.01% For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date): N/A Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here): Issue of ordinary shares upon exercise of options pursuant to Contact's Employee Equity Scheme. Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption: 716,772,055 ordinary shares In the case of an acquisition of shares, whether those shares are to be held as treasury stock: N/A Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made: Resolution of Directors on 13 November 2014 Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements): Terms of Contact's Employee Equity Scheme. The issued shares rank equally with other fully paid ordinary shares on issue. Date of issue/acquisition/redemption: 27/02/2019 Section 3: authority for this announcement Name of person authorised to make this announcement: Kirsten Clayton, Company Secretary Contact phone number: 04 462 1388 Contact email address: companysecretary@contactenergy.co.nz Date of release via MAP: 28/02/2019 End CA:00331256 For:CEN Type:SECISSUE Time:2019-02-28 08:52:59