Meridian Energy monthly operating report for September 2020

Attached is Meridian Energy Limited's monthly operating report for the month of September 2020. Highlights this month include: ? In the month to 8 October 2020, national hydro storage increased from 56% to 94% of historical average ? South Island storage sat at 101% of average and North Island storage at 72% of average on 8 October 2020 ? Meridian's September 2020 monthly total inflows were 169% of historical average ? Meridian's Waitaki catchment water storage at the end of September 2020 was 78% of historical average ? Water storage in Meridian's Waiau catchment was above average at the end of September 2020 ? Waitaki snow storage at the end of September 2020 was 113% of historical average ? September 2020 was a record month of wind generation for Meridian in New Zealand ? National electricity demand in September 2020 was 0.1% higher than the same month last year ? September 2020 was dry for the north of the North Island and wet for much of the South Island. Temperatures were near average for most of the country. Soil moisture levels were below normal for much of the eastern parts of New Zealand ? New Zealand Aluminium Smelter's average load during September 2020 was 561MW ? Meridian's New Zealand retail sales volumes in September 2020 were 12.7% higher than September 2019 ? Compared to September 2019, Meridian saw increased sales in all segments: residential (+3.9%), small medium business (+10.2%) agricultural (+13.8%), large business (+25.7%) and corporate (+16.6%) End CA:00361504 For:MEL Type:MKTUPDTE Time:2020-10-15 08:31:45