On 24 February 2011 Origin Energy announced that an interim dividend of 25 cents per share (fully franked) would be paid on 1 April 2011 to shareholders on record at 7 March 2011.

On 15 March 2011, Origin announced a $2.3 billion pro rata renounceable entitlement offer and noted that the Directors had determined that it was appropriate that the DRP price be discounted to adjust for the effect of the issue of New Shares at the Offer Price under the Entitlement Offer ("TERP Adjustment") to provide fair and equitable DRP pricing for shareholders.

This notification is to advise that the DRP price for this dividend will be $15.37 per share.

The discount referred to above and applied to calculate the DRP price was 1.4%. It represents the difference between the price calculated by applying the TERP Adjustment to the volume weighted average price of Origin ordinary shares for each of the five trading days which form part of the DRP pricing period from 8 March 2011 to 14 March 2011, and the DRP price which would otherwise apply if no adjustment were made¹.

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