Marlin Global Limited — Capital/Financing Update 2019

Oct 17, 2019

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Marlin Global Limited Phone +64 9 484 0365 Fax +64 9 489 7139 Private Bag 93502 Takapuna Auckland 0740

17 October 2019

Notice of Offer

Marlin Global Limited (NZX: MLN) ( Marlin ) announced today that the company will undertake a pro rata issue of warrants to shareholders ( Offer ).

Pursuant to clause 19(1A) of Schedule 1 of the Financial Markets Conduct Act 2013 ( FMCA ) and to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 ( FMC Regulations ), Marlin advises that:

1. The Offer will be made in reliance upon the exclusion in clause 19 of Schedule 1 to the FMCA and is giving notice under clause 20(1)(a) of Schedule 8 to the FMC Regulations.

2. As at the date of this notice, Marlin is in compliance with:

   • a. the continuous disclosure obligations that apply to it in relation to Marlin’s quoted ordinary shares; and

   • b. its “financial reporting obligations” within the meaning set out in clause 20(5) of Schedule 8 of the FMC Regulations.

3. As at the date of this notice, there is no information that is “excluded information” as defined in clause 20(5) of Schedule 8 of the Regulations.

The Offer is not expected to have any effect or consequence on the control of Marlin.

On behalf of

Marlin Global Limited

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Alistair Ryan Chair