Seeka Limited — Capital/Financing Update 2018

Dec 10, 2018

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11 December 2018

Seeka announces close of Rights Offer and commencement of Shortfall Bookbuild

Close of Rights Offer

Seeka Limited [NZX:SEK] advises that its fully underwritten pro-rata 1 for 1.5 Rights Offer closed on 7 December 2018.

Approximately $17.3 million in new shares (being approximately 4 million new shares at a price of $4.25 per new share) were taken up by shareholders under the Rights Offer. In addition, applications totalling approximately $1.1 million were received for additional new shares attributable to rights not taken up.

Commencement of Shortfall Bookbuild

Approximately 7.7 million new shares, out of a total Rights Offer size of approximately 11.7 million new shares, were not taken up by shareholders under the Rights Offer and will be offered through the Shortfall Bookbuild, to be conducted by First NZ Capital Securities Limited on 11 December 2018.

The new shares taken up under the Rights Offer and Shortfall Bookbuild are expected to be allotted on 14 December 2018.

For questions about the Rights Offer and Shortfall Bookbuild, shareholders should seek financial, investment, or other professional advice from a qualified professional adviser. Shareholders can also contact Seeka’s registrar, Link Market Services Limited, on phone +64 (0)9 375 5998 or by email applications@linkmarketservices.co.nz.

Ends.

For further information please contact: Michael Franks Seeka Chief Executive 021356516 Stuart McKinstry Seeka Chief Financial Officer 0212215583