Kingfish Limited — Capital/Financing Update 2019

Jul 18, 2019

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

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18 July 2019

ISSUE OF SECURITIES

The following information is provided in accordance with Listing Rule 3.13.1

• a) Class of security: ISIN:

Ordinary Shares NZKFLE0001S0

• b) Number of ordinary shares issued:

41,889,557

• c) Issue Price:

$1.25

• d) Payment:

Cash

• e) Amount paid up:

Fully paid up

• f) Principal terms:

Same terms as those ordinary shares already on issue.

• g) Percentage of the total class of securities issued after the issue:

  • 17.27%

• h) Reason for the issue:

Shares issued upon the exercise of warrants (Exercise date: 12 July 2019).

• i) Specific authority for the issue:

The terms of the issue of warrants

• j) Terms or details of the issue:

Ordinary shares having the same rights and ranking equally with existing ordinary shares.

• k) Total number of ordinary shares in existence after the issue:

242,501,259 (excluding treasury stock of 132,862)

• l) n/a

• m) Date of issue:

18 July 2019

CONVERSION OF WARRANTS AT 18 July 2019

The following details are provided for the purposes of listing rule 3.15.2

• a) 41,889,557 warrants have been converted into 41,889,557 ordinary shares

• b) n/a

• c) 6,478,976 warrants lapsed as they were not exercised on 12 July 2019

Wayne Burns– Corporate Manager Kingfish Limited