Meridian Energy monthly operating report for April 2019

Attached is Meridian Energy Limited's monthly operating report for the month of April 2019. Highlights this month include: ? In the month to 10 May 2019, national hydro storage increased from 105% to 107% of historical average ? South Island storage sat at 113% of average and North Island storage at 61% of average on 10 May 2019 ? Meridian's April 2019 monthly total inflows were 115% of historical average ? Meridian's Waitaki catchment storage at the end of April 2019 was 118% of historical average ? Storage in Meridian's Waiau catchment was above average at the end of April 2019 ? National electricity demand in April 2019 was 0.3% higher than the same month last year ? Meridian made calls on load under the Genesis Swaption in April and early May 2019 ? April 2019 saw wetter and cooler conditions than average through inland South Island and variable conditions elsewhere. Drier than normal soils were present across large parts of the country at the end of April ? New Zealand Aluminium Smelter's load during April 2019 was below the contract level of 622MW ? Meridian's retail sales volumes in April 2019 were 15.0% higher than April 2018 End CA:00334404 For:MEL Type:MKTUPDTE Time:2019-05-13 08:31:05