Meridian Energy monthly operating report for September 2019

Attached is Meridian Energy Limited's monthly operating report for the month of September 2019. Highlights this month include: ? In the month to 9 October 2019, national hydro storage decreased from 97% to 81% of historical average ? South Island storage sat at 75% of average and North Island storage at 99% of average on 9 October 2019 ? Meridian's Waitaki catchment storage at the end of September 2019 was 97% of historical average ? Storage in Meridian's Waiau catchment was below average at the end of September 2019 ? National electricity demand in September 2019 was 1.3% higher than the same month last year ? Meridian made calls under the Genesis Swaption in September and early October 2019 ? September 2019 saw average temperatures and variable rainfall, including below average rainfall in the south and west of the South Island ? New Zealand Aluminium Smelter's load during September 2019 was below the contract level of 622MW ? Meridian's New Zealand retail sales volumes in September 2019 were 17.3% higher than September 2018 End CA:00342592 For:MEL Type:MKTUPDTE Time:2019-10-15 08:30:28