• Strong shareholder support with 80.9% take-up rate
• Crown maintains 51% shareholding
• Equity raise endorses Gen35 strategy

Genesis Energy Limited ('Genesis') has announced the successful completion of its NZ$300 million underwritten 1 for 7.9 pro rata renounceable rights offer ('Rights Offer'). The Rights Offer received strong shareholder support with NZ$242.7 million of applications from eligible shareholders, representing a take-up rate of approximately 80.9% including the participation of the Crown (which will maintain its 51.00% shareholding following completion of the Rights Offer). Eligible shareholders who took up their rights in full also applied for approximately NZ$48.1 million of additional new shares, which will be taken into account in the shortfall bookbuild. Genesis Chief Executive, Malcolm Johns, stated that the success of the equity raise is a strong endorsement of the Gen35 strategy from shareholders. Settlement of the Rights Offer is expected to occur on 24 March 2026 for the ASX and on 25 March 2026 for the NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 25 March 2026. The new shares issued under the Rights Offer will rank equally with Genesis' existing shares.