1 November 2007 - Vector Chairman & Acting CEO Join NZ Windfarms’ Board

Vector Chairman Michael Stiassny and Acting CEO Simon Mackenzie have been appointed to the Board of NZ Windfarms, the company’s Chairman Derek Walker announced today.

NZ Windfarms Limited

Media Statement

1 November 2007

Vector Chairman & Acting CEO Join NZ Windfarms’ Board

Vector Chairman Michael Stiassny and Acting CEO Simon Mackenzie have been appointed to the Board of NZ Windfarms, the company’s Chairman Derek Walker announced today.

Mr Walker said Vector received two Board Director positions when it took up its 19.99 percent cornerstone shareholding in NZ Windfarms earlier this year.

“We are pleased that Vector has put forward Michael Stiassny and Simon Mackenzie to take up the Board Director positions,” Mr Walker said. “The strategic thinking and the depth of experience that they bring with them as top decision-makers at New Zealand’s leading energy company is warmly welcomed by NZ Windfarms as we continue with the development of our Te Rere Hau wind farm and move on establishing new projects in other locations around New Zealand.”

NZ Windfarms, established in 2002, is the only pure wind farming company listed on the New Zealand Exchange. Earlier this year the company completed a $75 million public offering, including Vector’s cornerstone investment, which is valued at just under $20 million.

For further information go to www.nzwindfarms.co.nz or www.vector.co.nz

ENDS

Media Inquiries:

Chris Freear or Maggie Kerrigan

Phone 03 943 5410 Phone 09 630 7950

Mobile 021 946 332 Mobile 021 302 440

Email chris.freear@nzwindfarms.co.nz Email maggie@kerriganpr.co.nz