Resolution Under Section 249N for Consideration at Annual General Meeting

Set out below is the wording of a proposed resolution that has been requisitioned by approximately 120 AGL Energy Limited (AGL) shareholders under section 249N of the Corporations Act for consideration at AGL’s Annual General Meeting to be held on 30 September 2015.

The ASX Listing Rules require AGL to lodge these details within two business days of receipt of the proposed resolution.

Special Resolution to amend the constitution:

That, at the end of Clause 31 ‘Notice’ the following new sub-clause 31.5 is inserted: “That, (a) the board must prepare a business model that demonstrates sufficient diversification of the power generation and supply activities of the company to ensure continued profitability under pathways that limit the world to 2˚C warming; and (b) include in future annual reporting to shareholders, at reasonable cost and omitting any proprietary information, information about ongoing power generation and supply chain emissions management benchmarked against that model.

AGL respects the right of shareholders to requisition the resolution, which seeks to amend the company’s constitution.

AGL's Notice of Annual General Meeting will include guidance on the Board's recommendation on each resolution to be considered at the meeting.


About AGL
AGL is one of Australia's leading integrated energy companies and is the largest ASX listed owner, operator and developer of renewable energy generation in the country. Drawing on over 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is taking action toward creating a sustainable energy future for investors, communities and customers.