Genesis Energy – Interest Rate for Green Capital Bond Offer

Genesis Energy announces Interest Rate for Green Capital Bond Offer Genesis Energy Limited (Genesis) today announced that, following a successful bookbuild for its offer of unsecured, subordinated green capital bonds (Capital Bonds), NZ$285,000,000 of Capital Bonds have been allocated to participants (or their clients) in the bookbuild process. This includes oversubscriptions of NZ$60,000,000. There was no public pool for the offer. The Interest Rate for the Capital Bonds to the First Reset Date (9 June 2027) has been set at 5.66% per annum, which reflects a margin of 1.75% per annum over the underlying swap rate of 3.91% per annum. The Capital Bonds will be issued on 9 June 2022 and quoted on the NZX Debt Market under the ticker code GNE070 on 10 June 2022. As a result of the successful bookbuild process, Genesis will redeem its existing unsecured, subordinated, green capital bonds quoted on the NZX Debt Market under the ticker code GNE040. Genesis will issue a formal notice of redemption to GNE040 bondholders today. The updated terms sheet is attached. Joint Lead Managers: Bank of New Zealand - 0800 284 017 Craigs Investment Partners Limited - 0800 226 263 Forsyth Barr Limited - 0800 367 227 For Capital Bond enquiries, please contact: Dan Dillane Group Treasurer M: 021 501235 ENDS End CA:00393124 For:GNE Type:OFFER Time:2022-06-01 12:37:32