TransAlta New Zealand Limited Public Notice of Amalgamation Proposal Pursuant to Section 221 of the Companies Act 1993 The board of TransAlta New Zealand Limited hereby gives notice of the proposal to amalgamate Capital Power Limited, EnergyDirect Corporation Limited and TransAlta New Zealand Limited (together the ``amalgamating companies'' and each separately an ``amalgamating company'') with TransAlta New Zealand Limited continuing as the amalgamated company. The board of TransAlta New Zealand Limited hereby states that: Copies of the amalgamation proposal are available for inspection by any shareholder or creditor of an amalgamating company or any person to whom an amalgamating company is under an obligation, at the registered offices of the amalgamating companies, during normal business hours; and A shareholder or creditor of an amalgamating company, or any person to whom an amalgamating company is under an obligation, is entitled to be supplied free of charge with a copy of the amalgamation proposal upon request to an amalgamating company. Registered Offices: Capital Power Limited, Level Nine, ASB Bank Tower, 2 Hunter Street, Wellington. EnergyDirect Corporation Limited, Level Six, 45 Knights Road, Lower Hutt. TransAlta New Zealand Limited, care of Bell Gully Buddle Weir, Level Twenty-one, IBM Centre, 171 Featherston Street, Wellington. Dated this 29th day of August 1996. RONALD HUGH ARBUCKLE, Chairman, on behalf of the board of TransAlta New Zealand Limited.