Kingfish Limited — Capital/Financing Update 2018

Jul 2, 2018

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Kingfish Limited Phone +64 9 489 7094 Fax +64 9 489 7139 Private Bag 93502 Takapuna Auckland 0740

2 July 2018

Notice of Offer

Kingfish Limited (NZX: KFL) ( Kingfish ) announced today that the company will undertake a pro rata issue of warrants to shareholders ( Offer ).

Pursuant to clause 19(1A) of Schedule 1 of the Financial Markets Conduct Act 2013 ( FMCA ) and to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 ( FMC Regulations ), Kingfish advises that:

1. Kingfish proposes to make the Offer in reliance upon the exclusion in clause 19 of Schedule 1 to the FMCA and is giving notice under clause 20(1)(a) of Schedule 8 to the FMC Regulations.

2. As at the date of this notice, Kingfish is in compliance with:

   • a. the continuous disclosure obligations that apply to it in relation to Kingfish’s quoted ordinary shares, and

   • b. its “financial reporting obligations” within the meaning set out in clause 20(5) of Schedule 8 of the FMC Regulations.

3. As at the date of this notice, there is no information that is “excluded information” as defined in clause 20(5) of Schedule 8 of the Regulations.

The Offer is not expected to have any material effect or consequence on the control of Kingfish.

On behalf of Kingfish Limited

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Alistair Ryan Chair