Kingfish Limited — Share Issue/Capital Change 2017

Apr 28, 2017

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

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28 April 2017

ISSUE OF SECURITIES

The following information is provided in accordance with Listing Rule 7.12.1

a)	Class of security:	Ordinary Shares
	ISIN:	NZKFLE0001S0
b)	Number of ordinary shares issued:	333,467
c)	Issue Price:	$1.396920
d)	Payment:	Cash of $465,827.
		82,989 shares issued are issued from treasury stock and
		250,478 by way of new shares issued.
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):	0.21%
h)	Reason for the issue:	Payment of half of the performance fee, net of GST,
		earned by Fisher Funds Management Limited (the
		Manager) for the year ended 31 March 2017 at an issue
		price of $1.396920.
i)	Specific authority for the issue:	The Management Agreement between the Manager
		and Kingfish Limited dated 26 February 2004 and the
		Constitution of Kingfish Limited as adopted on the 26
		February 2004.
j)	Terms or conditions of the issue:	Shares issued as per the terms of the Management
		Agreement at an issue price per share equal to the Net
		Asset Value per share at year end. The Manager may
		not sell these shares for 180 days of issue.
k)	Total number of ordinary shares in
	existence after the issue:	157,771,971(excluding treasury stock of 17,195)
l)	N/A
m)	Date of issue:	28 April 2017

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______________________ Alistair Ryan – Chairman Kingfish Limited