The Tilt Renewables Board has approved a 6.5 NZD cents per share fully imputed Special Dividend to be paid to shareholders prior to the completion of the upcoming Scheme pursuant to the Scheme Implementation Agreement ("SIA") with Powering Australian Renewables and Mercury NZ Limited. The record date for the dividend will be 21 July 2021 with payment made to shareholders on 30 July 2021. For nonresident shareholders a supplementary dividend of 1.147059 NZD cents per share will also be paid. The dividend will be converted to Australian dollars for Australian resident shareholders on the record date being 21 July 2021.