Manawa Energy (MNW) Scheme Meeting 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders and introduced board members, senior management, auditors, and registrar; meeting held both in-person and online.

• Quorum confirmed and meeting officially opened; procedures for Q&A and voting explained.

Shareholder proposals

• Main proposal was the scheme of arrangement for Contact Energy to acquire all shares via a mix of cash and scrip consideration.

• Details of the scheme, including eligibility and adjustments for dividends, were outlined.

Financial performance review

• Implied consideration of $6.37 per share as of April 30, 2025, represents a premium to pre-announcement price and exceeds independent valuation range.

• Share price has increased significantly compared to a year and a half ago.