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Vector Publishes Electricity Distribution Asset Management Plan Update

Vector today published its Asset Management Plan (AMP) Update to comply with the Electricity Distribution Information Disclosure Determination 2012.

Update and Withdrawal of Guidance

Vector confirms that a number of its businesses are considered to be essential businesses and continue to operate under COVID-19 Alert Level 4, these include:

Financial results for the half-year to 31 December 2019

Steady HY20 adjusted EBITDA result in line with expectations.

Interim results 2020 date and investor webcast details

Vector will be announcing its half-year financial results for the six months ended 31 December 2019 on Tuesday, 25 February 2020.

Operational performance for the 6 months ended 31 December 2019

Sale of Vector’s Kapuni assets and entry into new long term natural gas and LPG supply arrangements

Vector has agreed to sell Vector’s Kapuni gas treatment plant to Todd Petroleum Mining Company Limited (“Todd”). The Kapuni gas treatment plant processes all the gas produced from the Kapuni field in South Taranaki.

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