Kingfish Limited — Net Asset Value 2021

Sep 23, 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 22/9/21 - $1.8560

Date	22/9/2021	15/9/2021
KFL NAV	$1.8560	$1.8386
Share price close	$2.02	$2.05
(Premium)	(9%)	(11%)

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

The NAV per share is 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 22 September 2021 are approximately as follows:

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