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VECTOR METERING STRATEGIC REVIEW PROCESS - RESPONSE TO MEDIA SPECULATION Vector is aware of unsubstantiated commentary in The Australian about the Vector Metering strategic review process. The process has not been suspended as the article speculates. Vector's previous announcement on 12 August 2022, remains accurate. Investor contact Jason Hollingworth, Chief Financial Officer, Vector Jason.hollingworth@vector.co.nz, 021 312 928 Media contact Jane Luscombe, GM PR and Communications, Vector Jane.luscombe@vector.co.nz 021 767 970 About Vector Vector is an innovative New Zealand energy company which runs a portfolio of businesses delivering energy and communication services to more than one million homes and commercial customers across Australasia and the Pacific. Vector is leading the country in creating a new energy future through its Symphony strategy which puts customers at the heart of the energy system. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For further information, visit www.vector.co.nz End CA:00403165 For:VCT Type:GENERAL Time:2022-11-28 11:43:41