The Property

Ownership - Meridian Energy Limited

Title WN38A/203 Area 125.0798ha. Legal Description Pt Lot 1 AP 1784, Lot 21 and Lots 40-44 DP 8890, Pt Sec 1 Blk II Port Nicholson SD, less Marginal Strip Relevant Interests Walkway, Secondary Recreation Purpose, Conservation Covenant, Subject to resumption on the recommendation of the Waitangi Tribunal.

Title WN37A/957 Area 275.9754ha. Legal Description Secs 83 & 85-86 & Secs 88-89 & Sec 91 & Pt Sec 90 Terawhiti Dist, Secs 31 & 33 Makara Dist Relevant Interests Subject to resumption on the recommendation of the Waitangi Tribunal.

Title WN224/215 Area 421.4801ha. Legal Description Secs 9-23 & Pt 6-8 Opau Blk, Sec 1 Blk II Port Nicholson SD, less Marginal Strip Relevant Interests Walkway, Secondary Recreation Purpose, Subject to resumption on the recommendation of the Waitangi Tribunal. Conservation Covenant, TOW

Title WN34D/557 Area 168.4300ha. Legal Description Pt Sec 95 Terawhiti Dist Relevant Interests Subject to resumption on the recommendation of the Waitangi Tribunal.

TOTAL AREA 990.9653 ha. less Marginal Strips