Kingfish Limited — Capital/Financing Update 2017

May 16, 2017

APPENDIX 7 – NZSX Listing Rules

EMAIL: announce@nzx.com

Notice of event affecting securities

NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10.

Number of pages including this one (Please provide any other relevant details on additional pages)

For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.

Full name of Issuer	Kingfish Limited	Kingfish Limited	Kingfish Limited	Kingfish Limited	Kingfish Limited
Name of officer make this notice	authori	sed to						Authority for e.g. Directors			event, ' resolution
						Glenn Ashwell							Directors resolution
Contact phone number		09 484 0345						09 489 7139				e		16 05			2017
Nature of event Tick as appropriate			Bonus Issue Rights Issue			If ticked, state whether: Capital Ca	Taxable ll Dividend	/ Non Taxable If ticked, state		Con F	version ull			Rights Issue Interest Renouncable
			non-renouncable			change		whether: In		terim x Y	ear	Special DRP Applies x
EXISTING securitie Description of the class of securities		s affe	cted by this				If more than on	e security is affecte		d by the event, u	se a separate fo ISIN	rm.
			Kingfish Ordinary Shares												NZ KFLE0001S0
															If unknown, contact NZX
Details of securitie		s issu	ed pursuant to	th	is event		If	more than one clas		s of security is to	be issued, use ISIN	a separ			ate form for each class.
Description of the class of securities Number of Securities to be issued following eve		nt
										Minimum Entitlement					If unknown, contact NZX Ratio, e.g 1 for 2 for
Conversion, Maturity, Call Payable or Exercise Date Strike price per security for any Strike Price available.			issue in lieu or d	ate				Tick if paripassu		Treatment of Fractions provide an OR explanation of the ranking
					Enter N/A if not applicable
Monies Associated with E				and	Dividen cents		d payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment Supplementary Amount per security dividend in dollars and cents details - Cash $0.001247			onversion price, Redemption price, Application money.
										Cash
				$0.007069
				$0.020831
				NZD												$0.001247
Total monies				$5,211,044					NZSX Listing Rule 7.12.7 Date Payable							29 June, 2017
Taxation In the case of a taxable bonus issue state strike price							Resident Withholding Tax Foreign Withholding Tax		Amount per Security in Dollars and cents to six decim Imputation Credits (Give details) FDP Credits (Give details) $ $							al places
						$										$0.002749
									$

Timing (Refer Appendix 8 in the NZSX Listing Rules)

Record Date 5pm

For calculation of entitlements -

Notice Date

Entitlement letters, call notices, conversion notices mailed

OFFICE USE ONLY

Ex Date: Commence Quoting Rights: Cease Quoting Rights 5pm: Commence Quoting New Securities: Cease Quoting Old Security 5pm:

Application Date

Also, Call Payable, Dividend / 15 June, 2017 Interest Payable, Exercise Date,Conversion Date. In the case 29 June, 2017 of applications this must be the last business day of the week.

Allotment Date

For the issue of new securities. Must be within 5 business days of application closing date.

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Security Code:

Security Code: