CEN - Manawa transaction update

Monday 31st March 2025

Contact Energy Limited (Contact) acknowledges confirmation from the New Zealand Commerce Commission that it has extended the date on which it will issue its clearance decision on the company’s proposal to acquire Manawa Energy Limited.

Contact submitted an extensive response to the Commission’s Statement of Issues to support the Commission’s ongoing assessment of the competitive effects of the proposed transaction.1

The Commission was scheduled to release its clearance decision by 31 March 2025, and has now confirmed an extension to 9 May 2025.

“The facts and supporting evidence before the Commission meet the legal test for clearance to be granted under the Commerce Act. Importantly, this acquisition would support the renewable energy

transition by providing more of the types of contracts needed by New Zealand businesses and for retail competition,” said Chief Executive Officer, Mike Fuge.

Contact is targeting implementation of the Scheme mid-2025.

- ends –

Manawa Transaction Update

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