Contact Energy issues unquoted share rights to employees

Contact Energy Limited has issued a total of 1,560,160 unquoted share rights, comprising 1,074,187 Performance Share Rights (PSRs) and 485,973 Deferred Share Rights (DSRs). These rights, issued on December 18, 2025, are part of Contact’s Employee Equity Scheme and may be convertible to ordinary shares. No consideration is payable for the issue of these PSRs or DSRs, which have a set exercise price of $0.

If all PSRs and DSRs are exercised and converted into ordinary shares, this would represent 0.15% of the total ordinary shares currently on issue. The PSRs and DSRs are exercisable subject to the attainment of specific hurdles and continued employment, with each entitling the holder to one fully paid ordinary CEN share upon vesting, ranking equally with existing ordinary shares. Unmet hurdles will result in the lapse of the rights.

Following this issuance, the total number of share rights for the class stands at 2,838,061. This capital change was authorized by a director’s resolution dated November 18, 2025, and aligns with Listing Rule 4.6.1.