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Mighty River Power Director Reappointed

MARKET ANNOUNCEMENT
10 December 2012

Mighty River Power Director Reappointed

State Owned Enterprises Minister, Tony Ryall, has announced the reappointment of Prue Flacks to the Board of Mighty River Power.

Ms Flacks has been a Director of the Company since May 2010. She is a barrister and solicitor with extensive specialist experience in commercial law, banking and finance and securities law, and a consultant to Russell McVeagh, where she was a partner for 20 years.

Chair of Mighty River Power’s Board, Joan Withers said the Board was delighted with the decision to reappoint Ms Flacks.

“Prue brings a wealth of expertise and has consistently demonstrated the value of her experience during her time with the Company, particularly through her involvement in the Company’s preparation for listing and in her role as member of the Risk Assurance & Audit Committee,” said Mrs Withers.

Ms Flacks is also a Director of Chorus Ltd, has been a Director of Bank of New Zealand Ltd since 2009 and is a trustee of the Victoria University of Wellington Foundation.

--

About Mighty River Power
Mighty River Power is one of New Zealand’s largest electricity companies – with its core business based on reliable, low fuel-cost electricity generation complemented by sales to businesses and homes, which account for about 18% of New Zealand’s total electricity consumption.

The Company operates nine hydro power stations, four geothermal plants and a multi-unit gas-fired station. More than 90% of its electricity production is from renewable sources. Mighty River Power sells electricity through multiple channels and retail brands, including Mercury Energy, GLO-BUG, Bosco Connect and Tiny Mighty Power. Mighty River Power also has investments in international geothermal projects.

ENDS

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