2020 Final Dividend Reinvestment Plan Strike Price

MARKET RELEASE Date: 17 September 2020 NZX: GNE / ASX: GNE Genesis Announces DRP Strike Price Genesis Energy Limited (NZX: GNE) advises that the issue price for shares issued in lieu of cash for the 2020 Final Dividend under its Dividend Reinvestment Plan (DRP) is NZ$2.7994 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 10 September 2020, less a 2.5% discount. Shareholders who have elected to participate in the DRP, noting that cut-off for election was 14 September 2020, will receive shares, instead of cash, in respect of the dividend payable on 25 September 2020. 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: Allan Swann Communications Manager M: 027 211 4874 For investor relations enquiries, please contact: Tim McSweeney Investor Relations Manager M: 027 200 5548 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 $NZ2.6 billion during the 12 months ended 30 June 2020. More information can be found at www.genesisenergy.co.nz End CA:00359951 For:GNE Type:GENERAL Time:2020-09-17 16:36:51