Climate change legal proceedings – update

As previously announced to the market, Channel Infrastructure, formerly Refining NZ, was one of seven named defendants in proceedings brought in the High Court relating to carbon emissions from or relating to their activities (Smith v Fonterra Co-Operative Group Limited And Ors). Channel Infrastructure announces today that the claimant has discontinued his claim against Channel Infrastructure, on the basis that neither party will seek an order for costs, with the effect that the proceedings insofar as they relate to Channel Infrastructure are now at an end. With the Marsden Point refinery now permanently decommissioned, Channel Infrastructure is now a provider of resilient infrastructure that supports New Zealand's fuel security. The company also has an important role to play in New Zealand's energy transition and is actively supporting the transition to lower-carbon fuel options for New Zealand, including through its ongoing study with Fortescue on the potential establishment of a sustainable aviation fuels manufacturing facility at Marsden Point to support decarbonisation of the aviation sector. - ENDS - Authorised by Chris Bougen General Counsel and Company Secretary Investor Relations contact: Anna Bonney investorrelations@channelnz.com Media contact: Laura Malcolm communications@channelnz.com End CA:00431285 For:CHI Type:GENERAL Time:2024-05-17 14:45:38