ALLOT: CEN: Notice of bonus share issue and buyback under PDP

30 Mar 2010 8:39 am

CEN 30/03/2010 ALLOT

REL: 0839 HRS Contact Energy Limited

ALLOT: CEN: Notice of bonus share issue and buyback under PDP

30 March 2010

BONUS SHARES ISSUED AND SHARES BOUGHT BACK PURSUANT TO THE CONTACT ENERGY LIMITED PROFIT DISTRIBUTION PLAN

Contact Energy Limited (Contact) advises that it has issued 10,815,501 new ordinary shares in the company pursuant to Contact's Profit Distribution Plan (Plan) relating to its FY10 interim distribution of $0.11 per share.

The issue price per share is $6.0962532.

Under the Plan, shareholders can elect to have the company buy back shares issued to them at the issue price of $6.0962532 per share. As a result of shareholder elections the company has today completed an off-market buy back of 2,734,323 shares.

Of the total number of bonus shares issued in respect of the final distribution, 75% of shares are being retained, with 25% electing the buy back option.

The 2,734,323 shares bought back will be cancelled.

The total number of quoted ordinary shares on issue following the issue of new shares and the buy back is 604,934,976.

The following information is supplied pursuant to Listing Rule 7.12.1:

Notice of allotment of Ordinary Shares Class of securities issued: Ordinary Shares ISIN: NZCENE0001S6 Number of securities issued: 10,815,501 Issue price: $6.0962532 Payment in cash? Yes Any amount paid up (if not in full): Fully paid Percentage of total class issued: 1.81% Reasons for the issue: Pursuant to entitlements under the Contact Energy Limited Profit Distribution Plan Specific authority for the issue: Pursuant to Listing Rule 7.3.4(b) Terms or details of the issue: Non-taxable bonus shares issued pursuant to the Contact Energy Limited Profit Distribution Plan, which will, from the date of issue, rank equally with all other shares on issue as at that date. Total number of securities of the class in existence after the issue: 607,669,299 quoted ordinary shares Date of issue: 30 March 2010

Notice of buy back of Ordinary Shares Class of securities issued: Ordinary Shares ISIN: NZCENE0001S6 Number of securities bought back: 2,734,323 Acquisition price: $6.0962532 Payment in cash? Yes Any amount paid up (if not in full): Fully paid Percentage of total class bought back: 0.45% Reasons for the buy back: Pursuant to shareholder elections under the Contact Energy Limited Profit Distribution Plan Specific authority for the buy back: Pursuant to Listing Rule 7.6.1(b) Terms or details of the buy back: Non-taxable bonus shares issued pursuant to the Contact Energy Limited Profit Distribution Plan, which will, from the date of issue, rank equally with all other shares on issue as at that date. Total number of securities of the class in existence after the buy back: 604,934,976 quoted ordinary shares

Treasury Stock? No - the shares bought back will be cancelled and will not be held as treasury stock. Date of buy back: 30 March 2010

Louise Griffin Communications Advisor Contact Energy 04 496 1567 021 243 1442 End CA:00193099 For:CEN Type:ALLOT Time:2010-03-30:08:39:59

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