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Genesis Energy Updates Proposed Capital Bond Offer - 1 April

1 April 2011

Update on Capital Bond Offer

On 17 December 2010 Genesis Power Limited, trading as Genesis Energy, announced that it was considering making an offer of unsecured, subordinated Capital Bonds to the New Zealand public.

Genesis Energy wishes to advise that it expects to register the Prospectus for the offer next week (week commencing 4 April) and for the offer to open shortly thereafter. Interest in the offer may be registered by contacting one of the Joint Lead Managers:

Craigs Investment Partners 0800 226 263
ANZ 0800 269 476
Forsyth Barr 0800 367 227
Westpac Institutional Bank 0800 489 222 or your usual financial advisor.

Once registered, you will receive a copy of the Investment Statement when it becomes available.

No money is currently being sought and no applications for Capital Bonds will be accepted or money received until subscribers have received an Investment Statement.

Indications of interest will not involve an obligation of any kind.

ENDS

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