• Successful NZ$450 million placement as part of NZ$525 million equity raise
• Strongly supported by existing shareholders and new international institutional investors
• Retail offer of up to NZ$75 million also underway

Contact Energy Limited (Contact) (NZX/ASX:CEN) has successfully completed the bookbuild for the fully underwritten NZ$450 million placement (Placement) of ordinary shares as part of its NZ$525 million equity raise (Equity Raise) announced on 16 February 2026. The Placement was strongly supported by existing shareholders and also attracted significant demand from new international institutional investors. All eligible shareholders who bid for at least their pro-rata allocation of the Placement were allocated at least their pro rata amount of new shares, consistent with Contact's objective of treating shareholders fairly and prioritising existing holders. Settlement of the Placement is expected to occur on 20 February 2026 for NZX and on 19 February 2026 for ASX. Allotment of new shares issued under the Placement and commencement of trading on the NZX and ASX are expected to occur on 20 February 2026. The new shares will rank equally in all respects with Contact's existing ordinary shares. Contact is also undertaking a non-underwritten retail offer (Retail Offer) to raise up to NZ$75 million, with the ability to accept oversubscriptions at Contact's discretion. The Retail Offer will open on 19 February 2026 and close on 6 March 2026.