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OWNERSHIP REVIEW

NEPT Trustees with the Northpower Directors and Management Team

The Trust Deed requires that options for the future ownership of shares in Northpower should be reviewed every 5 years. The Trustees of the Northpower Electric Power Trust must carry out a consultation process with Northpower consumers to determine if the current Trust ownership structure is what consumers want, or if consumers would prefer a change.

Following consultation with the people of the Kaipara and Whangarei districts between March and June 2007 a decision was made at a public meeting of the Trust for Northpower to remain firmly in the ownership of its consumers,

With the ownership of the company confirmed to remain with the Trust until the next review in 2012, the Trustees will be working to ensure that Northpower continues to provide an efficient, cost-effective lines network for the consumers of Kaipara and Whangarei.

For more information about Northpower's ownership reviews read the:
2002 Ownership Report
2007 Ownership Report

For more information about the review process visit these websites:

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