• Contact Energy proposes $525 million equity raising
• Placement of NZ$450 million to institutional and select investors
• Followed by NZ$75 million non-underwritten retail offer

Contact Energy Limited has requested a trading halt to enable the company to conduct a $525 million equity raising. The equity raising will comprise an offer of NZ$450 million of ordinary shares to institutional and other select investors (the Placement), which will be fully underwritten by UBS New Zealand Limited. This will be followed by a non-underwritten retail offer of up to NZ$75 million of ordinary shares to Contact's eligible existing shareholders in New Zealand and Australia (the Retail Offer). Contact has requested the trading halt to commence immediately and be lifted at the earlier of the announcement of the completion of the Placement and the opening of trading on the NZX Main Board and ASX on Tuesday, 17 February 2026. Contact believes the trading halt is necessary to enable the company and UBS to conduct the Placement and determine the allocation of shares, as information about the Placement or take-up by investors may be known by some market participants and not others, which could impact a fair, orderly or transparent market.