Kingfish Limited — Share Issue/Capital Change 2019

Apr 28, 2019

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

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29 April 2019

ISSUE OF SECURITIES

The following information is provided in accordance with 1 January 2019 Listing Rule 3.13.1

c)	Class of security:	Ordinary Shares
	ISIN:	NZKFLE0001S0
d)	Number of ordinary shares issued:	1,409,150
e)	Issue Price:	$1.5697
f)	Payment:	Payment of half of the performance fee, net of GST of
		$2,211,942 earned by Fisher Funds Management
		Limited (the Manager) for the period ended 31 March
		2019.
		86,377 shares issued are issued from treasury stock and
		1,322,773 by way of new shares issued.
g)	Amount paid up:	Fully paid up
h)	Principal terms:	Same terms as those ordinary shares already on issue
i)	Percentage of the total class of
	securities issued (after the issue):	0.7072%
j)	Reason for the issue:	Issue of ordinary shares pursuant to the terms of the
		Management Agreement relating to the payment of
		performance fee.
k)	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 5 July
		2006. Authorised by Directors resolution.
l)	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.
m)	Total number of ordinary shares in
	existence after the issue:	199,243,823(excluding treasury stock of 15,000)
n)	N/A
o)	Date of issue:	29 April 2019

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______________________ Alistair Ryan – Chairman Kingfish Limited