Return of Cruise and Full Operations

Napier Port (NZX.NPH), the freight gateway for the central and lower North Island, resumed full operations on Thursday 23 February, including extended hours of operations for export delivery and empty container pick up from Monday, 27 February. The extended hours of operations are aimed at helping to ease congestion on the road network and support regional growers moving into peak season for produce exports. The company announced today the resumption of cruise from Monday, 6 March. Napier Port CEO Todd Dawson supported the decision to resume cruise and help bolster the region's economic recovery. "Fortunately, Napier Port only suffered minor damage due to the cyclone and we were able to get back to full operations promptly. Our team are ready and waiting to safely welcome our first cruise ship back to port," said Dawson. A detailed survey of Napier Port's shipping channel and inner harbour last week revealed areas of minor infill of sand and silt deposits. The Albatros dredge arrived at Napier Port today to undertake maintenance dredging. Maintenance dredging is not expected to restrict shipping operations. At present Napier Port is unable to determine the impact on regional business and trade going forward. It will provide further updates as relevant information comes to hand. Napier Port is consulting with its insurance broker regarding its business interruption insurance and the level of financial mitigation against the adverse trade effects of Cyclone Gabrielle. 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:00407528 For:NPH Type:GENERAL Time:2023-02-28 17:12:37