ALLOT: CEN: CEN notice of share and option issue under LTI Plan

26 Feb 2010 10:18 am

CEN 26/02/2010 ALLOT

REL: 1018 HRS Contact Energy Limited

ALLOT: CEN: CEN notice of share and option issue under LTI Plan

26 February 2010

NOTICE OF SHARE ISSUE AND GRANTING OF OPTIONS UNDER EMPLOYEE LONG TERM INCENTIVE SCHEME

Notice of Issue of Restricted Ordinary Shares

Class of securities issued: Restricted Ordinary Shares ISIN: N/A Number of securities issued: 9,091 Restricted Ordinary Shares Issue price: With respect to each participating employee, the volume weighted average market price of Contact Energy Limited Ordinary Shares over the 5 Business Days before the date on which the securities are granted or deemed granted to that participating employee. Payment in cash? Yes Any amount paid up (if not in full): $5.75 per share Percentage of total class issued: 1.79% of Restricted Ordinary Shares. If converted into Ordinary Shares, 0.002% of Contact Energy Limited Ordinary Shares Reasons for the issue: Issue of shares pursuant to the Contact Energy Limited Employee Long Term Incentive Restricted Share Plan Specific authority for the issue: Resolution of directors dated 22 February 2010 Terms or details of the issue: Issue of 9,091 Restricted Ordinary Shares pursuant to the Contact Energy Limited Employee Long Term Incentive Restricted Share Plan. These Restricted Ordinary Shares will be released to participating employees either in full or in part and convert to Ordinary Shares (subject to the attainment of exercise hurdles and, other than in exceptional circumstances, continued employment of the participating employee) on or around either 1 October 2012, 1 October 2013 or 1 October 2014 Total number of securities of the class in existence after the issue: 508,480 Restricted Ordinary Shares Date of issue: 26 February 2010

Notice of issue of Options to acquire Ordinary Shares

Class of securities issued: Options to acquire Ordinary Shares ISIN: N/A Number of securities issued: 51,547 Options Issue price: No consideration is payable for the issue of the Options. The Options have a set exercise price of $5.75. Payment in cash? N/A Any amount paid up (if not in full): N/A Percentage of total class issued: 1.72% of Options to acquire Ordinary Shares. If exercised and converted into Ordinary Shares, 0.009% of Contact Energy Limited Ordinary Shares Reasons for the issue: Issue of Options pursuant to the Contact Energy Limited Long Term Employee Long Term Incentive Share Option Plan Specific authority for the issue: Resolution of directors dated 22 February 2010 Terms or details of the issue: Issue of 51,547 Options to acquire Ordinary Shares pursuant to the Contact Energy Limited Employee Long Term Incentive Share Option Plan. Options can be exercised (subject to the attainment of exercise hurdles and, other than in exceptional circumstances, continued employment of the participating employee) during the period commencing on 1 October 2012 and ending on 30 November 2014 Total number of securities of the class in existence after the issue: 2,999,166 Options Date of issue: 26 February 2010

Jonathan Hill Communications Manager Contact Energy 04 462 1285 021 440 090 End CA:00191789 For:CEN Type:ALLOT Time:2010-02-26:10:18:12

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