Meridian Energy monthly operating report for June 2019

Attached is Meridian Energy Limited's monthly operating report for the month of June 2019. Highlights this month include: ? In the month to 8 July 2019, national hydro storage decreased from 122% to 108% of historical average ? South Island storage sat at 114% of average and North Island storage at 73% of average on 8 July 2019 ? Meridian's June 2019 monthly total inflows were 100% of historical average ? Meridian's Waitaki catchment storage at the end of June 2019 was 121% of historical average ? Storage in Meridian's Waiau catchment was slightly below average at the end of June 2019 ? National electricity demand in June 2019 was 1.9% lower than the same month last year ? Meridian made calls on load under the Genesis Swaption in June and early July 2019 ? June 2019 was an unusually dry month across much of the country. Temperatures were near average for most of the North Island and more variable in the South Island ? New Zealand Aluminium Smelter's load during June 2019 was below the contract level of 622MW ? Meridian's New Zealand retail sales volumes in June 2019 were 9.1% higher than June 2018 End CA:00337475 For:MEL Type:MKTUPDTE Time:2019-07-11 08:30:14