Kingfish Limited — Net Asset Value 2021

Sep 9, 2021

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

KFL NAV as at 8/9/21 - $1.8345 (after deducting 3.52cps dividend payable)

Date	8/9/2021	1/9/2021
KFL NAV	$1.8345	$1.8847
Share price close	$2.05	$2.08
(Premium)	(12%)	(10%)

The above net asset value (NAV) is unaudited and net of fees and tax.

The NAV per share is after deducting an accrual for a 3.52 cents per share dividend to be paid on 24 September 2021. The NAV per share is also calculated after deducting treasury stock (shares acquired under the Kingfish buyback programme) - currently nil. A performance fee payable to the Manager is currently being accrued in the NAV calculation.

The five largest portfolio holdings at 8 September 2021 are approximately as follows:

Mainfreight	20%
Fisher & Paykel Healthcare	15%
Infratil	14%
Summerset	9%
Auckland International Airport	9%

BACKGROUND

Kingfish is a listed investment company that invests in growing New Zealand companies. The Kingfish portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Kingfish is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax-efficient investment vehicle. Kingfish listed on NZX Main Board on 31 March 2004 and may invest in companies that are listed on a New Zealand stock exchange or unlisted companies.

Contact

Corporate Manager Kingfish Limited Tel +64 9 4840352