2021 Investor Presentation

About Meridian New Zealand's largest generator, all production from renewable sources Seven big hydro stations - flexible plant with the country's largest storage With low operating costs and capital needs Five New Zealand wind farms and proven success operating in a high wind environment Backed with more than a decade of construction and operational experience Typical long generation position to manage variable hydro inflows ■ Vertically integrated Australian business currently under ownership review Meridian. NOVEMBER 2021 2021 INVESTOR PRESENTATION 13

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