Not for distribution or release in the United States The Crown is considering offering shares in Meridian Energy Limited to the public in New Zealand. No money is currently being sought and no applications for shares or instalment receipts will be accepted or money received until after an investment statement containing information about the offer is available. While Craigs Investment Partners has been appointed as a Joint Lead Manager and will receive a fee for undertaking this role, this electronic communication has been prepared independently of the Crown and Meridian Energy Limited. This electronie communication has not been authorised or instigated by or on behalf of the Crown or Meridian Energy Limited or prepared with the co-operation of, or by arrangement with, the Crown or Meridian Energy Limited. Craigs Investment Partners is a NZX participant firm. A Disclosure Statement is freely available on request, visit www.craigsip.com. The information in this electronic communication does not constitute advice. Neither the Crown's shares in Meridian Energy Limited nor the instalment receipts have been or will be registered under the U.S. Securities Act of 1933. Neither the Crown's shares nor the instalment receipts may be offered or sold in the United States or to, or for the account or benefit of, any person in the United States absent registration or an applicable exemption from the registration requirements and may not be offered or sold in any jurisdiction where it is unlawful to do so. The contents of this website are not permitted to be made available to persons in any country other than New Zealand. Persons who are accessing this website from outside New Zealand should exit the website immediately. Nothing in this website constitutes an offer of shares, securities or financial products to any person in any country.