2023 Special Shareholders' Meeting

20 December 2023

Disclaimer

Information in this document is provided for general information purposes only.

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SSM Presentation

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20 December2023

Agenda

Meeting Preamble:

  • Quorum
  • Notice of meeting
  • Apologies
  • Introductions

Business of Meeting:

  • Resolution 1: Approval of Repower Transactions - Ordinary Resolution
  • Resolution 2: Ratification of Share Placement - Ordinary Resolution
  • Resolution 3 : Remuneration of directors - Ordinary Resolution
  • General Business and Q & A

SSM Presentation

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20 December2023

Craig Stobo

Philip Cory-Wright

Patrick Brockie

Neal Barclay

Christine Spring

Independent Director

Independent Director

Independent Director

Non - Independent

Independent Director

Chairman

Director

Board of Directors

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NZ Windfarms

Limited

Annual Meeting

Online Guide

Page | 5

Business of Meeting

Business of Meeting:

  • Resolution 1: Approval of Repower Transactions - Ordinary Resolution
  • Resolution 2: Ratification of Share Placement - Ordinary Resolution
  • Resolution 3 : Remuneration of directors - Ordinary Resolution
  • General Business and Q & A

SSM Presentation

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20 December2023

Proxy and Postal Votes as at 18 December 2023

1. Repower

2. Approve Placement

3. Director fees

Transaction

Proxy votes already cast:

For

65,372,791

65,650,752

128,176,169

Against

6,727,367

6,821,264

16,903,110

Abstain1

3,750,424

73,314,117

871,635

Discretionary proxy votes

3,750,424

3,750,494

2,775,347

not yet cast:2

Total Proxy Votes:3

75,850,582

76,222,510

147,854,626

  1. Abstain votes not counted in total proxy votes.
  2. Votes held by the Chairman and other proxies.
  3. Total issued shares of 363,900,692.

SSM Presentation

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20 December2023

Resolution 1:

Approval of Repower

Transactions

- Ordinary Resolution

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Repower Transactions

  • JV: Joint venture with Meridian Energy Limited for repower and extension of Te Rere Hau windfarm.
  • Asset sale: Sale of the existing windfarm assets to the JV subject to Final Investment Decision.
  • Investment: Investment by NZ Windfarms in the JV up to a 50% interest.
  • Equity raise: Raising equity in NZ Windfarms' JV investment vehicle provided that control is retained.
  • Subject to FID: The decision to proceed with the repower and extension will be subject to Final Investment Decision by the boards of NZ Windfarms and Meridian.

SSM Presentation

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20 December2023

Resolution 2:

Approval of Placement - Ordinary Resolution

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NZ Windfarms Limited published this content on 19 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2023 02:02:35 UTC.