NEWS RELEASE 8 February 2013
JON HARTLEY STEPS DOWN FROM MIGHTY RIVER POWER BOARD Mighty River Power today announced that Director, Jon Hartley, would be stepping down from the Company’s Board, effective on 20 February 2013. Mr Hartley, who has been a Director of Mighty River Power since November 2009, said the decision to step down was a difficult one, brought about by the revised timing of the proposed IPO creating significant workload clashes with his other long-standing commitments. “Unfortunately, I have commitments to a number of self-funded overseas engagements with World Vision International and its micro finance subsidiary, VisionFund International, of which I am Vice Chair,” said Mr Hartley. Mr Hartley has been involved with VisionFund International since 2003 and is passionate about the real impact through economic development and livelihood creation that is currently impacting more than 3 million children worldwide. Mighty River Power’s Chair, Joan Withers, said it was with regret that the Board had accepted Mr Hartley’s resignation. “Jon is held in very high regard by the Board and the Company has benefited from his expertise, contribution and commitment for the past three years. We understand and respect his decision and wish him well with World Vision International,” said Mrs Withers. ENDS For further information: Katherine Litten Media Relations Manager Tel: 0272 105 337 Anna Hirst Head of Investor Relations Tel: 0275 173 470
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.