DIRECTOR: NWF: APPOINTMENT OF DIRECTOR

23 Aug 2010 10:41 am

NWF 23/08/2010 DIRECTOR

REL: 1041 HRS NZ Windfarms Limited

DIRECTOR: NWF: APPOINTMENT OF DIRECTOR

APPOINTMENT OF DIRECTOR

The Board of NZ Windfarms Limited ("NWF") has considered director candidates to fill the vacancy arising from the resignation of Juliet McKee in June 2010. Following this consideration, Michael Allen has been appointed as a director of the company with effect from 1 September 2010. In accordance with the Company's constitution, this appointment runs until the next Annual General Meeting when he must retire and seek re-election by the shareholders.

Michael Allen is a professional director with over 25 years experience in investment banking, direct investment and general management. He previously led the Westpac Institutional Bank in New Zealand and was part of Westpac's senior strategy groups in New Zealand and Australia. Prior to this he led Southpac's mergers and acquisitions business in New Zealand.

Other current directorships include PGW Finance (Chair), Godfrey Hirst NZ, Retirement Villages Group, Tainui Group Holdings and a number of private companies.

Michael Allen was proposed as a candidate by one of the company's institutional investors, AMP Capital.

For further information contact:

Derek Walker Chairman 021 428 461 End CA:00198678 For:NWF Type:DIRECTOR Time:2010-08-23:10:41:39

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