2021 Investor Day Presentation

Datagrid - overview ■ Manapouri has abundant, stable and very competitive renewable energy (versus lack of hydro power in Australia) Southland has the coolest weather in ANZ (average 9.8°C temperature) Shortest distance to Australia, 20M population within 35 millisecond latency Existing high reliability transmission grid (built for Tiwai) and access to "unlimited" and affordable land Plus NZ provides a safe environment, well - educated workforce, state-of-the-art UFB network - optical fibre connectivity datagrid Globally, data centres are expected to consume around 8% of the world's electricity by 2030 Meridian. 11 MAY 2021 | 2021 INVESTOR DAY PRESENTATION | 34

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