2021 Investor Day Presentation

Genesis swaption Meridian has a swaption arrangement with Genesis for up to 150 MW, up until the end of 2022 The swaption is a financial arrangement, which locks in a fixed price for the volume called Since this was agreed, Lake Pūkaki contingent storage availability has provided additional flexibility Currently exploring products from 2023 onwards with a range of parties Demand response will likely play a more important part going forward Meridian. 11 MAY 2021 2021 INVESTOR DAY PRESENTATION | 47

View entire presentation