Friday 24 January 2014

The following information is provided in accordance with NZSX Listing Rule 7.12.1, and is a correction to the announcement released by Meridian Energy on 22 January 2014, showing the correct number of instalment receipts on issue and indicating that the securities are not held as Treasury Stock:

The following information is provided in accordance with NZSX Lisitng Rule 7.12.1:

Class securities issued: Instalment receipts

ISIN: NZMELE0001S9

Total number of securities acquired: 56,850

Total consideration for securities acquired: $56,850

Payment in cash: Yes

Any amount paid up (if not in full): Paid in full

Principal terms of securities: Each instalment receipt carries a liability to pay a further instalment of NZ$0.50 on 15 May 2015

Percentage of total class acquired: 0.000045%

Reasons for the acquisition: To mitigate potential exposure under executive cash award plan (as referenced in Meridian's Investment Statement and Prospectus, p. 75)

Specific authority for the acquisitions: Director's resolution

Any terms or details of the acquisition: Not applicable

Total number of securities in existence after acquisition: 1,255,413,626

Whether securities are to be held as Treasury Stock: No

Date of acquisition: 29 October 2013

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