Origin Energy Limited ("Origin") advises that following participation in the 1 for 9 pro rata renounceable entitlement offer by Contact Energy Limited ("Contact"), and a subsequent shortfall bookbuild, Origin has increased its shareholding in Contact to 365,384,258 shares representing 52.57% of the issued capital of Contact.

Origin purchased 36,206,220 shares at NS$5.05 per share representing its full pro rata entitlement and an additional 3,322,068 shares at NZ$5.85 per share in the subsequent shortfall bookbuild. In total Origin has acquired an additional 39,528,288 shares at an average price of NZ$5.12 per share.

Contact will use the proceeds of the equity raising to strengthen its balance sheet for investment in growth opportunities, including the expansion of its geothermal capabilities through development of the Te Mihi power station.

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