Kingfish Limited — Capital/Financing Update 2020

Feb 4, 2020

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QUOTATION NOTICE: NZX MAIN BOARD KINGFISH LIMITED (“KFLWF”) WARRANTS

Company: Kingfish Limited (“KFL”) Warrants Security Code: KFLWF ISIN: NZKFLE0010S1 Details of Security to be Quoted: Approximately 61,600,000 new warrants to subscribe for ordinary shares Ratio (Warrants : Shares): 1 : 4 Exercise Price: $1.64 NZD per Warrant, to be adjusted down for the aggregate amount per Share of any cash dividends declared on the Shares with a record date during the period commencing on the date of allotment of the Warrants and ending on the last Business Day before the final Exercise Price is announced by Kingfish Limited. Conversion Ratio of Warrants: One ordinary share for each warrant held Record Date: Friday, 6 March 2020 Allotment Date: Monday, 9 March 2020 Last Trading Date: Wednesday, 10 March 2021 Exercise Date: Friday, 12 March 2021 Share Allotment Date: Wednesday, 17 March 2021 Registrar: Computershare Investor Services Limited (“RMLT”) Settlement Status: NZCDC Settlement System Mailing of Warrants Holding Wednesday, 11 March 2020 Statements: Expected Commencement of Tuesday, 10 March 2020 Trading on the NZX Main Board:

Mark Peterson Chief Executive Officer NZX Limited

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5 February 2020

NZX Limited, Level 1, NZX Centre, 11 Cable Street, PO Box 2959, Wellington 6140, New Zealand Tel +64 4 472 7599, www.nzx.com