CONTACT ENERGY LIMITED

Shareholders of Contact Energy Limited

Contact Energy Limited is a widely held NZX and ASX listed issuer. At 30 June 2026 it had 1,070,627,153 fully paid ordinary shares on issue held by 58,541 shareholders, with 137 holders of more than 100,000 shares accounting for 86.20 per cent of the shares.

Substantial product holders recorded in the FY26 statutory disclosures, from notices given under the Financial Markets Conduct Act 2013 and as at 30 June 2026 (percentages calculated against the 1,070,627,153 voting securities then on issue):

• Infratil Limited and Infratil Investments Limited — 97,227,021 shares (9.08 per cent); notice dated 25 May 2026.
• FirstCape Group Limited — 53,548,436 shares (5.00 per cent); notice dated 18 March 2026.
• BlackRock, Inc. and related bodies corporate — 51,085,662 shares (4.77 per cent of the shares now on issue); notice dated 4 March 2025.
• HSBC Nominees (New Zealand) Limited — 40,995,587 shares (3.83 per cent of the shares now on issue); notice dated 4 March 2025.

The 20 largest registered holders at 30 June 2026 held 841,167,806 shares, or 78.55 per cent of the class. That table is dominated by custodians and nominees rather than beneficial owners: HSBC Nominees (New Zealand) Limited appears twice (12.71 per cent and 7.17 per cent), followed by BNP Paribas Nominees NZ Limited BPSS40 (9.59 per cent), Citibank Nominees (NZ) Ltd (6.74 per cent), JPMorgan Chase Bank (5.80 per cent), Custodial Services Limited (5.07 per cent) and Forsyth Barr Custodians Limited (3.16 per cent). The largest holder with a disclosed beneficial interest is Infratil Investments Limited, at 7.72 per cent plus a further 1.37 per cent line. New Zealand state-linked investors appear directly: Accident Compensation Corporation (2.82 per cent) and A New Zealand Superannuation Fund Nominees Limited (2.80 per cent).

Ultimate beneficial ownership

No person or group holds a controlling interest. No substantial product holder is at or above the 20 per cent threshold at which the Takeovers Code restricts further acquisitions; the largest disclosed relevant interest is 9.08 per cent (Infratil). The Companies Office register records that the company has no ultimate holding company, and the FY26 financial statements identify no controlling entity. On that basis no ultimate beneficial owner can be identified for the company, and Contact is properly treated as a widely held listed issuer for KYB purposes.

New Zealand Central Securities Depository Limited (NZCSD, NZ company number 644859) and the entity shown on the register as New Zealand Depository Nominee (1.62 per cent of the shares at 30 June 2026) are securities depository and nominee structures operated for the settlement of NZX trades. They hold legal title on behalf of participants; they are not owners of the company, and a holding recorded in their name says nothing about the beneficial owner behind it.

Data availability

The shareholder rows previously held on this record were incorrect as a description of ownership. They were a sample of 25 passive foreign funds — among them Schwab International Equity ETF at 0.14 per cent, iShares MSCI New Zealand ETF at 0.13 per cent, iShares Core MSCI EAFE at 0.43 per cent, JP Morgan BetaBuilders at 0.19 per cent and iShares Global Clean Energy at 0.19 per cent — none above half a per cent. Those are index-fund positions visible through custody and portfolio disclosures, not the share register, and together they account for only a small fraction of the company. The figures above are taken instead from the substantial product holder notices and the shareholder statistics in the FY26 statutory disclosures.

New Zealand does not operate a public register of beneficial owners. Beneficial ownership of a listed issuer is visible only through the substantial product holder regime, which is triggered at 5 per cent, and through the top-20 registered holder table in the annual report; holdings below 5 per cent held through nominees are not publicly attributable.

Directors and officers of Contact Energy Limited

The Companies Office register for company number 660760 records eight directors. The FY26 governance disclosures state that the board comprised seven directors at 30 June 2026, with a further director appointed effective 1 September 2026.

• Robert Stuart McDonald — director, appointed 12 November 2015; Board Chair; Auckland. Independent.
• Jonathan Keith MacDonald (Jon Macdonald) — director, appointed 1 November 2018; Wellington. Independent. Elected by the board as incoming Chair.
• David Smol — director, appointed 1 October 2018; Wellington. Independent. Chairs the Audit and Risk Committee.
• Rukumoana Schaafhausen — director, appointed 1 March 2021; Auckland. Independent.
• Sandra Maree Broad — director, appointed 1 September 2021; Melbourne, Australia. Independent. Recorded in the company’s own governance disclosures as Sandra Dodds.
• David Edward James Gibson — director, appointed 20 February 2024; Auckland. Independent.
• Deion Mark Campbell — director, appointed 11 July 2025; Tauranga. Assessed by the board as non-independent at 30 June 2026 because of his association with Infratil Limited and Infratil Investments Limited, substantial product holders of Contact.
• Alison Jane Barrass — director, appointed 1 September 2026; Auckland.

Independence is as assessed by the board against the NZX Listing Rules and the NZX Corporate Governance Code and disclosed in the FY26 governance report. Nationality is not disclosed by the New Zealand register or by the company’s filings and is therefore recorded as Not disclosed.

Senior executives are not directors and do not bind the company as officers of the register. The leadership team disclosed in the FY26 integrated report is: Mike Fuge, Chief Executive Officer; Matt Forbes, Chief Financial Officer; Dorian Devers, Chief Renewable Growth Officer; John Clark, Chief Generation Officer; Carolyn Luey, Chief Retail Officer; Chris Abbott, Chief Corporate Affairs Officer; Tighe Wall, Chief Technology Officer; and Jan Bibby, Chief People Experience Officer.

Recent officer changes

• 1 September 2026 — Alison Jane Barrass appointed a director.
• 16 September 2025 — Elena Josephine Trout ceased to be a director (appointed 3 October 2016).
• 11 July 2025 — Deion Mark Campbell appointed a director, on completion of the Manawa Energy acquisition.

In May 2026 the company announced that Chair Robert McDonald would retire at the 2026 Annual Shareholders’ Meeting and that Jon Macdonald would succeed him.

Data availability

The officer list previously held on this record contained 19 rows and was dominated by management titles — a Chief Technology Officer, a General Manager of Corporate Finance, a General Counsel & Company Secretary and a Chief Information Officer among them — with only one actual director, Robert Stuart McDonald (appointed 12 November 2015). Executives of that kind are not directors under the Companies Act 1993 and do not appear on the Companies Office register as officers. The board above is taken from the register and from the FY26 governance disclosures.

The New Zealand register publishes directors’ residential addresses. Only the city or locality is reproduced here, and no date of birth is published. Note that the company’s own disclosures name one director as Sandra Dodds while the register records her as Sandra Maree Broad; both are given above so the two sources can be reconciled.

Group structure of Contact Energy Limited

The group linkage previously held on this record was not a corporate group at all. It placed the Reserve Bank of New Zealand at the apex, with New Zealand Central Securities Depository Limited (NZ company number 644859) beneath it, and then a dozen unrelated NZX-listed issuers — Gentrack, Summerset Group, Vista Group, Tourism Holdings, Fisher & Paykel Healthcare, ArborGen, Infratil, KMD Brands and Tower among them — as siblings of Contact Energy Limited. What that structure actually describes is the custody relationships of New Zealand’s central securities depository: NZCSD holds securities in all of those issuers on behalf of settlement participants, and that custody map was modelled as ownership. Contact Energy Limited is not a subsidiary of the central bank, NZCSD is not its parent, and those listed companies are not its sister companies.

The real position is that Contact Energy Limited is the ultimate parent of its own group. The Companies Office register records no ultimate holding company, and the FY26 financial statements identify no controlling entity above it. The related-party note (note E9) to the financial statements for the year ended 30 June 2026 lists 17 subsidiaries, all wholly owned, all incorporated in New Zealand except Contact Energy Risk Limited, which is incorporated in the Cook Islands.

Manawa Energy Limited was acquired on 11 July 2025 under a scheme of arrangement in which Contact acquired 100 per cent of its shares for a mix of Contact shares and cash. On 30 June 2026 King Country Energy Limited and its related subsidiaries King Country Energy Holdings Limited, KCE Generation Limited and KCE Mangahao Limited were amalgamated into Manawa Energy Limited; Contact had acquired a 75.02 per cent interest in King Country Energy with Manawa and subsequently purchased the remaining 24.98 per cent, taking it to 100 per cent before the amalgamation.

Outside the consolidated subsidiaries, note E9 also lists 16 associates and joint ventures, all in New Zealand and all equity-accounted: DrylandCarbon One Limited Partnership (16.5 per cent) and Forest Partners Limited Partnership (22 per cent), both forestry and carbon investments; Rangitata Diversion Race Management Limited (15 per cent), an irrigation scheme; Lochindorb Wind GP Limited (50 per cent); and eight solar entities held at 50 per cent each across the Kōwhai Park, Glorit Solar and Stratford Solar projects (each project held through an I GP Limited, an I LP, a P GP Limited and a P LP).

Data availability

New Zealand publishes the whole companies register free of charge at app.companiesoffice.govt.nz, including shareholding, directors and annual return status, but it does not publish a group tree and does not maintain a public beneficial ownership register. Ownership percentages and the composition of the group above are therefore taken from note E9 to the audited consolidated financial statements for the year ended 30 June 2026 rather than from the register. Registration numbers for the subsidiaries were not confirmed against the register in this review and are marked Not verified rather than guessed.

Two provider fields on this record are wrong and have not been altered. The stored company number 9429038549977 is the New Zealand Business Number, not the company number; the company number is 660760. The stored legal form, “Private limited company (Ltd.)”, is also wrong: Contact Energy Limited is an NZ limited company that is a listed issuer and FMC reporting entity, with shares quoted on the NZX Main Board and the ASX, not a private company.