Transpower Outage Update

Update on Transpower outage Following yesterday's Transpower outage, Refining NZ is working through the restart of the refinery's processing units. This is expected to be completed in the next few days. At this stage, the impact of the outage on the Company's NPAT (Net Profit after Tax) is estimated to be around $1.5-$2.5 million. Marsden Point fuel stocks are at healthy levels, the Refinery to Auckland Pipeline (RAP) is online and coastal shipping operations from the refinery are back to normal. ENDS For further information please contact: Greg McNeill Communications and External Affairs Manager T: 094325115; M: 021 873623; E: greg.mcneill@refiningnz.com End CA:00345088 For:NZR Type:MKTUPDTE Time:2019-11-28 08:46:26