CEN - Despatch of Manawa Scheme Booklet

Monday 19th May 2025

Contact Energy Limited (Contact) refers to the market announcement made by Manawa Energy Limited (Manawa) today. Manawa has despatched the notice of meeting and scheme booklet (Scheme Booklet) in connection with the proposed scheme of arrangement under which Contact will, subject to the satisfaction of certain conditions, acquire all of the shares in Manawa (Scheme). A copy of that Scheme Booklet is attached for ease of reference.

In preparing the Scheme Booklet, Contact has provided to Manawa certain information regarding Contact and the merged group. This includes Contact's intentions for the merged group following implementation of the Scheme, certain key risks relating to the Scheme and the merged group and certain information equivalent to the information required by Schedule 1 of the Takeovers Code. This information is contained in sections 7, 8, 9 and 10 of the Scheme Booklet, and Contact encourages shareholders to review that information.

If the Scheme is approved by Manawa shareholders and the other conditions are satisfied or (where capable) waived, Manawa shareholders will receive $1.12 per Manawa share in cash plus 0.5830 new Contact shares for every Manawa share held on the relevant record date. A cleansing notice relating to the offer of those new Contact shares, and provided under subclause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014, is attached to this announcement.

Contact and Manawa are targeting implementation of the Scheme in July 2025.

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