6 Wharf – Te Whiti Officially Opens

At 1330 today, Napier Port (NZX.NPH) officially declared its new 350-metre wharf open for business. The new 350-metre wharf is one of New Zealand's largest pieces of privately-funded infrastructure in a decade. Its construction has been completed ahead of schedule and within its stated forecast of $173-179 million. Chairman Alasdair MacLeod said Te Whiti is a crucial part of Napier Port's future direction, strengthening the port's operational agility and resilience, and delivering capacity to support the future growth of importers and exporters across the central and lower North Island. Chief Executive Todd Dawson said "New Zealand's supply chain is the foundation of our economy and there has never been a greater need for an efficient, cost-effective, sustainable network than there is now. "6 Wharf's commercially funded investment business model is a fantastic example of what can be done with the right support and vision to enable New Zealand to have the type of quality infrastructure required to support sustainable growth now - and for generations to come. "At 350-metres-long Te Whiti is long enough and deep enough to accommodate the increasingly large vessels calling New Zealand today and into the future, allowing us to support the needs of our customers, community and region." "It is connected to the rail and State Highway networks and a series of strategically-located inland ports, enabling a more efficient, coordinated flow of cargo across and in and out of New Zealand." "Once fully operational, our new wharf will help to alleviate ongoing shipping disruptions and supply chain congestion across New Zealand. It will improve operational performance across all of Napier Port's wharves, ultimately boosting productivity for our customers and continuing to provide the linkages Hawke's Bay needs to move its premium products to global markets." Mr Dawson said the company was pleased to have achieved resource consent without any environmental court challenges. "This is something that doesn't happen often with major projects now, and is a credit to everyone involved and genuine engagement between many different stakeholder groups," Mr Dawson said. ENDS For more information: Investors Kristen Lie Chief Financial Officer DDI: +64 6 833 4405 E: kristenl@napierport.co.nz Media Jo-Ann Young Corporate Affairs Manager DDI: +64 6 833 4521 E: jo-anny@napierport.co.nz About Napier Port Napier Port is New Zealand's fourth largest port by container volume. We are the gateway for Hawke's Bay and lower North Island's exports and operate a long-term regional infrastructure asset that supports the regional economy. Our strategic purpose is to collaborate with the people and organisations that have a stake in helping our region grow. View Napier Port's investor centre: www.napierport.co.nz/investor-centre/ End CA:00395801 For:NPH Type:GENERAL Time:2022-07-22 16:48:51