Update on Prime Energy trader default

In August 2024 Manawa Energy (Manawa) announced that an electricity retailer had defaulted on its payment obligations to Manawa. Manawa notes that Prime Energy (the electricity retailer referred to in previous announcements) have defaulted on their payment obligations to the New Zealand electricity market clearing manager and have now entered the trader default process administered by the Electricity Authority. The announcement today by the Electricity Authority has no material financial impact on Manawa and does not change the FY25 earnings guidance provided on 17 February 2025. -ends- Investor enquiries: Phil Wiltshire Chief Financial Officer Ph 027 582 6600 investor.relations@manawaenergy.co.nz Media enquiries: Jen Spence Communications Ph 027 306 2618 comms@manawaenergy.co.nz