Capital Change Notice

Section 1: issuer information Name of issuer: Contact Energy Limited NZX ticker code: CEN050 Class of Financial Product: Unsecured, unsubordinated, fixed rate debt securities ISIN: NZCEND0050L0 Section 2: capital change details Number issued/acquired/redeemed: 100,000,000 Nominal value (if any): N/A Issue/acquisition/redemption/ price: $1.00 per bond Nature of the payment (for example, cash or other consideration): Payment in cash Amount paid up (if not in full): The bonds have been fully paid up 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): 100% 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): Allotment under final Terms Sheet dated 22 February 2019 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: 100,000,000 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 8 February 2019 Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements): As set out in the final Terms Sheet dated 22 February 2019 Date of issue/acquisition/redemption: 1/03/2019 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: 4/03/2019 End CA:00331419 For:CEN Type:SECISSUE Time:2019-03-04 09:49:49