Contact Retail Offer oversubscribed

• Contact's retail share offer received strong support from eligible shareholders
• The offer was oversubscribed, with Contact receiving valid applications totalling approximately NZ$251 million
• Contact has elected to exercise its discretion to accept an additional NZ$50 million in oversubscriptions

Contact Energy Limited (NZX/ASX: CEN) is pleased to announce that its non-underwritten retail share offer ('Retail Offer') has closed oversubscribed. The Retail Offer received strong support from eligible shareholders, with Contact receiving valid applications totalling approximately NZ$251 million. Under the Retail Offer, shareholders whose address was recorded in Contact's share register as being in New Zealand or Australia as at 7.00pm NZDT / 5.00pm AEDT on 13 February 2026 could each apply for up to NZ$100,000 and A$41,000, respectively, worth of new Contact shares. Applications were received from 29,727 eligible shareholders, representing a higher participation level than Contact's 2021 retail offer (18,667 shareholders). In recognition of the strong support from retail shareholders, Contact has elected to exercise its discretion to accept an additional NZ$50 million in oversubscriptions, bringing the total amount raised under the Retail Offer to NZ$125 million. The new shares under the Retail Offer will be issued at a price of NZ$8.75 (the A$ Price being A$7.36 in respect of eligible shareholders who applied in Australian dollars). The issue price under the Retail Offer is the same as the issue price paid by investors in the Placement. Proceeds of the equity raise will be used to advance the execution and potential upsizing of renewable energy projects which would accelerate the Contact31+ strategy.

The Retail Offer is part of Contact's equity raise announced on 16 February 2026, under which Contact also undertook a fully underwritten NZ$450 million placement of new shares to institutional shareholders in New Zealand, Australia and certain other jurisdictions.