Underwrite Shares Allotted

1 December 2023 NZX Announcement For immediate release UNDERWRITE SHARES ALLOTTED As signalled on 28 November 2023, NZ Windfarms Limited (NZX code: NWF) is pleased to confirm the issuance of 24,450,777 new shares not taken up under the rights offer to Meridian Energy (NZX code: MEL), equating to a capital sum of $3,789,870.44. The new shares will be issued and commence trading on 1 December 2023. An accompanying capital change notice is included with this announcement. The proceeds from the rights issue and underwriting will be applied towards the purposes outlined in the offer document. After the issue of shares to Meridian on 1 December 2023, Meridian Energy will own 19.99% of the Company's shares on issue. For further information, contact Warren Koia, Chief Executive, by phone on 06 280 2773, or by email at info@nzwindfarms.co.nz. Thank you. Craig H. Stobo Chair Attachment 1. Capital Change Notice End CA:00422755 For:NWF Type:OFFER Time:2023-12-01 08:33:50