Meridian Energy monthly operating report for February 2020

Attached is Meridian Energy Limited's monthly operating report for the month of February 2020. Highlights this month include: - In the month to 10 March 2020, national hydro storage decreased from 126% to 111% of historical average - South Island storage sat at 113% of average and North Island storage at 97% of average on 10 March 2020 - Meridian's February 2020 monthly total inflows were 165% of historical average - Meridian's Waitaki catchment storage at the end of February 2020 was 116% of historical average - Storage in Meridian's Waiau catchment was above average at the end of February - National electricity demand in February 2020 was 2.7% higher than the same month last year - Meridian made calls under the Genesis Swaption in February and early March 2020 - February 2020 was warm and dry across much of the country, contrasted by high rainfall and flooding in the lower South Island - New Zealand Aluminium Smelter's load during February 2020 was below the contract level of 622MW - Meridian's New Zealand retail sales volumes in February 2020 were 20.9% higher than February 2019 Meridian yesterday issued a media release outlining the business's preparedness activity for COVID-19. A copy of that release can be found here: www.meridianenergy.co.nz/news-and-events/meridian-energy-preparedness-for-cov id-outbreak End CA:00350132 For:MEL Type:MKTUPDTE Time:2020-03-18 08:31:48