Meridian Energy monthly operating report for July 2020

Attached is Meridian Energy Limited's monthly operating report for the month of July 2020. Highlights this month include: - In the month to 13 August 2020, national hydro storage decreased from 75% to 70% of historical average - South Island storage sat at 73% of average and North Island storage at 57% of average on 13 August 2020 - Meridian's July 2020 monthly total inflows were 108% of historical average - Meridian's Waitaki catchment storage at the end of July 2020 was 64% of historical average - Storage in Meridian's Waiau catchment was below average at the end of July 2020 - National electricity demand in July 2020 was 2.5% higher than the same month last year - Temperatures in July 2020 were around average or above across the country. Rainfall was above average in Northland and Otago/Southland, while it was comparatively dry elsewhere - Meridian made calls under the Genesis swaption during July 2020 - New Zealand Aluminium Smelter's average load during July 2020 was 561MW - Meridian's New Zealand retail sales volumes in July 2020 were 14.2% higher than July 2019 - Compared to July 2019, Meridian saw increased sales in all segments: residential (+12.7%), small medium business (+16.9%) agricultural (+11.2%), large business (+20.8%) and corporate (+13.4%) End CA:00358409 For:MEL Type:MKTUPDTE Time:2020-08-21 08:31:22