2019 Final Dividend Reinvestment Plan Strike Price

GENESIS ANNOUNCES DRP STRIKE PRICE Genesis Energy Limited (GNE) advises that the issue price for shares issued in lieu of cash for the 2019 Final Dividend under its Dividend Reinvestment Plan (DRP) is NZ$3.2619 per share. The issue price has been determined, in accordance with the DRP, as the volume weighted average sale price for all Genesis Energy shares sold on the NZX Main Board over a period of five business days starting on 16 October 2019, less a 2.5% discount. Shareholders who have elected to participate in the DRP, noting that cut-off for election was 18 October 2019, will receive shares, instead of cash, in respect of the dividend payable on 31 October 2019. The new shares will rank pari passu with existing shares on issue as at the date of their issue. ENDS For media enquiries, please contact: Emma-Kate Greer Group Manager Corporate Relations Genesis Energy M: 027 655 4499 For investor relations enquiries, please contact: Cameron Parker Investor Relations Manager Genesis Energy P: 09 951 9311 M: 021 241 3150 About Genesis Energy Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity, reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online and is New Zealand's largest energy retailer with approximately 500,000 customers. The Company generates electricity from a diverse portfolio of thermal and renewable generation assets located in different parts of the country. Genesis also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand. Genesis had revenue of $NZ2.7 billion during the 12 months ended 30 June 2019. More information can be found at www.genesisenergy.co.nz End CA:00343096 For:GNE Type:GENERAL Time:2019-10-23 11:14:29