Seeka Limited — Share Issue/Capital Change 2021

Nov 22, 2021

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Capital Change Notice

Updated as at 17 October 2019

Section 1: Issuer information
Name of issuer	Seeka Limited
NZX ticker code	SEK
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZSEKE0001S8
Currency	NZD
Section 2: Capital change details
Number issued/acquired/redeemed	639,302
Nominal value (if any)	NA
Issue/acquisition/redemption price per security	The cancellation of shares inOrangewood Limited(“Orangewood”) in the ratio of0.663 shares in Seeka and $1.35cash for each share inOrangewood, based on a price of$5.33 per Seeka share (equal tothe VWAP of shares traded over10 business days, finishing on 13September 2021, with all fractionsof Seeka Shares rounded up tothe next whole number)
Nature of the payment (for example, cash or other consideration)	Other consideration - Issued inconnection with the acquisition bySeeka of Orangewood by way ofan Amalgamation of Orangewoodand Northland Horticulture Limited(a wholly-owned subsidiary ofSeeka Limited) under section 223of the Companies Act 1993 as setout above, which is due tobecome effective today.
Amount paid up (if not in full)	NA – Fully Paid
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number of FinancialProducts of the Class, excluding any Treasury Stock, in existence)1	1.616977% (as a percentage ofSeeka Limited Ordinary shares inexistence immediately prior to thisissue, to six decimal places)
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversion price andConversion date and the ranking of the Financial Product in relationto other Classes of Financial Product) or the Option (for example, theexercise price and exercise date)	NA

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

1 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Reason for issue/acquisition/redemption and specific authority forissue/acquisition/redemption/ (the reason for change must beidentified here)	Issued in connection with theacquisition by Seeka ofOrangewood by way of anAmalgamation of Orangewoodand Northland Horticulture Limited(a wholly-owned subsidiary ofSeeka Limited) under section 223of the Companies Act 1993
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding Treasury Stock)and the total number of Financial Products of the Class held asTreasury Stock after the issue/acquisition/redemption.	40,176,160 Seeka LimitedOrdinary Shares
In the case of an acquisition of shares, whether those shares are tobe held as treasury stock	NA
Specific authority for the issue, acquisition, or redemption, includinga reference to the rule pursuant to which the issue, acquisition, orredemption is made	Amalgamation Proposal andBoard Resolution 14 September2021
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	The shares will rank equally in allrespects with existing ordinaryshares
Date of issue/acquisition/redemption2	22/11/2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Stuart McKinstry
Contact person for this announcement	Stuart McKinstry
Contact phone number	0212215583
Contact email address	stuartm@seeka.co.nz
Date of release through MAP	23/11/2021

2 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).