Marsden Point Energy Precinct projects update

Channel Infrastructure NZ Limited (NZX:CHI), New Zealand’s largest fuel import terminal business, today provides an update on the progress of several projects within the Marsden Point Energy Precinct. Biorefinery project Seadra Energy is partnering with consortium members Qantas, Renova Inc, Kent Plc, and ANZ on a potential biorefinery project at Channel’s Marsden Point site, which remains on track for a final investment decision in 2026. The consortium is in the process of market sounding with international project financiers and export credit agencies and intends to launch its debt raising process with the expected issuance of a Preliminary Information Memorandum for debt providers in early 2026. Work continues on completing the plant configuration and updating the Front-End Engineering and Design (FEED) study for the Marsden Point location including how existing infrastructure would be reused at Marsden Point. The consortium and Channel continue to work through the consenting requirements. Key terms for feedstock supply and product offtake have been documented via Heads of Agreement and are progressing to final form. Diesel peaker project In November, Channel completed FEED for the proposed diesel-powered electricity peaking plant which is designed to provide up to 72MW of fast-start peaking capacity from fuel already stored within Channel’s import terminal system. Channel is currently engaging with electricity market participants in respect of a potential long-term capacity contract arrangement and assessing consenting requirements for the project. The project will only proceed with a long-term contract. The diesel peaker is expected to provide valuable reliability services (capacity and energy) to the electricity market, and support the significant expansion of renewable electricity generation projects currently underway across New Zealand by providing fast-start firming during long-duration cold, dry and windless periods, thereby moving New Zealand closer to its goal of abundant and affordable renewable electricity supply. More broadly, Channel continues to engage with a wide range of parties in relation to short, medium and long-term opportunities within the Marsden Point Energy Precinct and will provide updates as these opportunities mature and evolve. - ENDS – Authorised by: Chris Bougen General Counsel and Company Secretary Contact details Investor Relations contact: Anna Bonney investorrelations@channelnz.com Media contact: Laura Malcolm communications@channelnz.com