NZ Windfarms (NWF) Scheme Meeting 2025 summary

Opening remarks and agenda

• Introductions of directors, management, advisors, and service providers; meeting logistics and safety covered.

• Purpose of the meeting stated as consideration and voting on the scheme of arrangement with Meridian Energy.

Board and executive committee updates

• Board explained the background of Meridian becoming the largest shareholder and joint venture partner in the Te Rere Hau repowering project.

• Board described the process of seeking additional investors and Meridian's unsolicited acquisition offer.

• Board unanimously recommended shareholders vote in favor of the scheme, citing reduced risk and value realization.

Shareholder proposals

• The sole resolution was approval of the scheme of arrangement with Meridian, as detailed in the scheme booklet.