Meridian Energy monthly operating report for April 2020

Attached is Meridian Energy Limited's monthly operating report for the month of April 2020. Highlights this month include: ? In the month to 11 May 2020, national hydro storage increased from 94% to 103% of historical average ? South Island storage sat at 108% of average and North Island storage at 65% of average on 11 May 2020 ? Meridian's April 2020 monthly total inflows were 85% of historical average ? Meridian's Waitaki catchment storage at the end of April 2020 was 101% of historical average ? Storage in Meridian's Waiau catchment was below average at the end of April 2020 ? National electricity demand in April 2020 was 13.7% lower than the same month last year ? Weekly demand under Alert Level 3 has lifted strongly, demand for the week ended 10 May was above the 5-year historical average ? April 2020 was dry across much of the country, with the exception of some western parts of the South Island. Temperatures were at or above average ? In early April 2020 the 4th potline at Tiwai Point was suspended for up to six months in response to COVID-19 ? New Zealand Aluminium Smelter's average load during April 2020 was 549MW ? Meridian's New Zealand retail sales volumes in April 2020 were 0.3% lower than April 2019 ? Compared to April 2019, Meridian saw increased segment sales in residential (+11.8%), agricultural (+7.7%) and corporate (+1.4%), with decreased sales in small medium business (-25.4%) and large business (-8.5%) End CA:00353150 For:MEL Type:MKTUPDTE Time:2020-05-15 08:31:14