Meridian Energy monthly operating report for August 2019

Attached is Meridian Energy Limited's monthly operating report for the month of August 2019. Highlights this month include: ? In the month to 6 September 2019, national hydro storage decreased from 106% to 97% of historical average ? South Island storage sat at 98% of average and North Island storage at 94% of average on 6 September 2019 ? Meridian's August 2019 monthly total inflows were 99% of historical average ? Meridian's Waitaki catchment storage at the end of August 2019 was 123% of historical average ? Storage in Meridian's Waiau catchment was above average at the end of August 2019 ? National electricity demand in August 2019 was 2.4% higher than the same month last year ? August 2019 saw variable temperatures and rainfall patterns across the country with a predominately cooler southwesterly wind flow ? New Zealand Aluminium Smelter's load during August 2019 was below the contract level of 622MW ? Meridian's New Zealand retail sales volumes in August 2019 were 19.1% higher than August 2018 End CA:00341031 For:MEL Type:MKTUPDTE Time:2019-09-17 08:32:04