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Fixed Interest Securities Terms Sheet

Mighty River Power Limited  15/05/2013  8.36%
The Issuer Mighty River Power is a State Owned electricity generator establised after the Government break up of ECNZ.
Business of the Issuer Mighty River Power is New Zealand's fourth largest electricity generator operating power stations along the banks of the Waikato River.
Issue Size 200m
Maturity Mechanism Cash on maturity.
S&P Rating BBB+
Debt Ranking Unsecured, unsubordinated fixed rate debt.
Interest Quarterly on 15 February, 15 May, 15 August and 15 November until maturity.
Registration Holders will receive notification of their current bond holdings from the registry.
Registry Computershare Investor Services Limited



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