• Genesis raises NZ$100m through a fully subscribed placement
• Placement received strong support from existing shareholders, including the Crown, and new institutional investors
• Placement is part of a NZ$400m equity raise to fund the Gen35 strategy

Genesis Energy Limited ('Genesis') has announced that it has successfully completed the bookbuild for the underwritten placement of NZ$100 million at a price of NZ$2.15 per share ('Placement'), as part of its NZ$400 million equity raise announced on 23 February 2026 ('Offer'). The Placement received strong investment demand and support from Genesis' existing shareholders, including the Crown, while also welcoming new institutional investors to the share register. This outcome reflects investor confidence in the Gen35 strategy, which is designed to position the business for growth by increasing the amount of renewable generation in the portfolio and dispatchable firming capacity to enhance value for Genesis shareholders while also supporting the security of the New Zealand electricity market. The Placement was fully subscribed at the offer price of NZ$2.15 per share, and Genesis endeavoured to allocate to all existing eligible shareholders who bid for their pro-rata allocation of the Placement, at least that amount of new shares. Settlement of the Placement is expected to occur on 26 February 2026 for the ASX and on 27 February 2026 for the NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 27 February 2026. The new shares issued will not be entitled to the interim dividend to be paid on 25 March 2026 (with a record date of 26 February 2026). Genesis is also undertaking an underwritten pro rata renounceable rights offer to raise NZ$300 million at a price of NZ$2.05 per share ('Rights Offer'), with eligible shareholders able to apply for 1 new share for every 7.9 existing shares held as at the record date of 2 March 2026.