Meridian Energy monthly operating report for February 2019

Attached is Meridian Energy Limited's monthly operating report for the month of February 2019. Highlights this month include: ? In the month to 12 March 2019, national hydro storage decreased from 89% to 81% of historical average ? South Island storage sat at 82% of average and North Island storage at 72% of average on 12 March 2019 ? Meridian's February 2019 monthly total inflows were 88% of historical average ? Meridian's Waitaki catchment storage at the end of February 2019 was 90% of historical average ? Storage in Meridian's Waiau catchment was above average at the end of February 2019 ? National electricity demand in February 2019 was 4.7% higher than the same month last year ? Meridian made calls on load under the Genesis Swaption in February and early March 2019 ? February 2019 saw below normal rainfall and above average temperatures across the country. At the end of February, drier than normal soils were present across much of the country ? New Zealand Aluminium Smelter's load during February 2019 was slightly below the contract level of 622MW ? Meridian's retail sales volumes in February 2019 were 21.9% higher than February 2018 End CA:00331891 For:MEL Type:MKTUPDTE Time:2019-03-14 08:30:24