Investor Presentaiton

Strong financial position following lona sale. • • . • Late 2015 completed sale of lona gas storage plant to QIC for $1.78bn August 2016 credit rating. upgraded by S&P to BBB with positive outlook Rating could move higher within next couple of years if: - Operational stability maintained -Target leverage sustained BBB investment grade means lower borrowing costs & access to a wider funding universe STANDAR & POOR'S 19 EnergyAustralia

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