Exercise of Kingfish Warrants (KFLWD)

3 April 2017

Dear Warrant Holder,

EXERCISE OF KINGFISH WARRANTS (KFLWD) – 5 MAY 2017

The final exercise price of Kingfish warrants is $1.21.

As required by NZX Listing Rules, we advise Kingfish warrant holders as follows:

As the warrant exercise date of 5 May 2017 is approaching, you have the following choices with your
warrants:
1. You can elect to exercise some or all of your warrants (subject to a minimum of 200 warrants)
on 5 May 2017.
2. You can elect to not exercise any warrants on 5 May 2017.
3. You can sell or transfer your warrants on the NZX until 5pm 3 May 2017. This allows for the
transactions to be settled by 5 May 2017.

Any warrants not exercised by 5pm on 5 May 2017 will lapse and all rights in regard to them will
expire.

What do I do if I wish to exercise my warrants?
If you wish to exercise some or all of your warrants (subject to a minimum exercise of 200 warrants)
please complete the enclosed exercise form and arrange for payment by 5 May 2017. Payment can
be made by cheque or direct credit (Kingfish Limited Warrant Account: 12-3244-0000035-01). The
exercise form and payment must be received by Computershare no later than 5pm 5 May 2017 in
order to be processed.

Broker Handling Fee
1. Kingfish Limited has introduced a broker handling fee to cover administration costs incurred by
approved brokers in respect of the exercise of Kingfish warrants.
2. The broker handling fee is to be calculated at 0.4% of the total consideration payable for
warrants exercised by those holders who are identified as clients of an approved broker and
will be payable by Kingfish Limited.
3. Please refer to note 5 of the enclosed exercise form for further details.

Yours sincerely

On behalf of the Board,

Glenn Ashwell
Corporate Manager
Kingfish Limited




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

---

(see note on broker handling fee)



KINGFISH LIMITED
WARRANTS EXERCISE FORM FOR 5 MAY 2017 EXERCISE DATE



Warrant Holder (the Holder) CSN/Holder Number



Number of Warrants Held



Please indicate the number of warrants that you wish to exercise:

Please indicate the consideration payable, calculated at $1.21 for each warrant
that you wish to exercise:


$

PAYMENT OPTIONS are by CHEQUE or DIRECT CREDIT Please tick your payment method

Cheque attached OR Direct Credit* PAY TO: Kingfish Limited – Warrants Account
BANK: ASB BANK LIMITED BRANCH: CORPORATE BANKING
ACCOUNT NUMBER: 12-3244-0000035-01


Deposit Reference

Deposit Reference Particulars Date of Payment
(CSN Number) (Name/Alpha)

By completing this form and making the necessary payment the Holder hereby:
(a) elects to exercise the number of warrants indicated above, subject to a minimum of 200 warrants (and if no
number has been inserted above, all warrants held) at $1.21 per warrant and on the terms set out in the
warrant terms announced to the NZX on 10 May 2016 and sent to warrant holders.
(b) agrees to subscribe for a number of shares attributable to the number of warrants exercised; and
(c) as set out on the next page of this form enters into an indemnity in favour of and for Kingfish Limited.

Any warrants not exercised by 5pm on 5 May 2017 (Exercise Date) will lapse and all rights in regard to them will
expire.



FOR AN INDIVIDUAL / JOINT/ ATTORNEY FOR A COMPANY / BODY CORPORATE
Signature(s)




Signature(s)









*Payments made by direct credit (funds transfer) must quote the reference shown below to ensure your payment is identifiable
and this completed notice returned to Computershare by the date of your payment or by no later than the due date.
Broker’s Stamp


Advisor’s Code

IF THIS FORM IS SIGNED UNDER POWER OF ATTORNEY, THE ATTORNEY(S) SIGNING MUST SIGN THE FOLLOWING
CERTIFICATE:
CERTIFICATE OF NON-REVOCATION OF POWER OF ATTORNEY

I/we, _________________________________________________________________
[Insert name of Attorney(s) signing]
of ____________________________________________________________________
[Address and Occupation]
HEREBY CERTIFY:
1. THAT by a deed dated the _______day of ______________(the Power of Attorney) the Holder named
and described on the face of this form (the Donor) appointed me his/her/its/their attorney on the terms
and conditions set out in that Power of Attorney.
2. THAT I/we have executed the form printed on the face of this document as attorney under that Power of
Attorney and pursuant to the powers thereby conferred upon me/us.
3. THAT at the date hereof I/we have not received any notice or information of the revocation of that Power
of Attorney by the death (or winding up) of the Donor or otherwise.
Signed at _________________this ______day of_____________ 2017

_______________________________
Signature of Attorney(s)
NOTE: Your signature does not require witnessing

1 INTERPRETATION: In this form references to the Holder in the singular shall include the plural.
2 TO ACCEPT THE OFFER: Complete this form.
3 ON COMPLETION: Place the completed form in the enclosed reply paid envelope and deliver or post to
Computershare Investor Services Limited, 159 Hurstmere Road, Takapuna, Private Bag 92119, Auckland
1142, New Zealand, as soon as possible, but in any event so as to be received not later than 5pm on Friday
5 May 2017.
If paying by cheque, attach your cheque made payable to Kingfish Limited.
If paying by direct credit you may email your completed form to kingfish@computershare.co.nz.
4 PREVIOUS SALE: If you have sold some or all of your warrants, please pass a copy of this form together
with a copy of the accompanying letter to your share broker or the purchaser(s) of such warrants. If you
have sold some of your warrants, record that fact on this form by amending the number of warrants noted as
being held by you on the face of this form.
5 BROKER HANDLING FEE: Kingfish Limited has introduced a broker handling fee payable to NZX brokers in
respect of the exercise of Kingfish warrants by their clients. If you are a client of an NZX broker firm, your
advisor should contact you about the exercise of warrants if they recommend proceeding with the action.
Your broker may instruct you to complete the “Broker’s stamp” and “Advisor’s code” box on the reverse side
of the form and by doing so you acknowledge that the broker has provided advice and that they may be paid
a broker handling fee. Applications bearing either a broker stamp or handwritten broker firm name and
advisor code will be valid for payment of the handling fee. The broker handling fee, payable by Kingfish
Limited, is calculated at 0.4% of the total consideration payable for warrants exercised by a client.
Computershare will process the warrant exercise forms received from holders, or brokers on behalf of their
clients, as well as record and pay any related fees on behalf of the company. You may not have a broker or
may elect not to use the services of your broker in which case you may send the form directly to
Computershare without a broker stamp, in which case no fee will be payable by Kingfish.
BY THE HOLDER’S COMPLETION OF THIS FORM, THE HOLDER HEREBY DECLARES THAT:
• the Holder is the holder of warrants which it is exercising;
• the Holder has not mortgaged, pledged, transferred, granted a security interest or otherwise dealt with the
warrants and no other person holds any interest in the warrants and they are the property of the Holder
absolutely; and
• the Holder will indemnify Kingfish Limited against any costs, loss or damages arising out of the warrants
being mortgaged, pledged, transferred, subject to a security interest or otherwise dealt with.
WHAT IS A WARRANT?
A warrant is the right, but not the obligation, to purchase a Kingfish ordinary share for the exercise price on the
exercise date. The full terms of the warrants are set out in warrant terms announced to the NZX on 10 May 2016
and sent to warrant holders. If you would like a replacement copy of the warrant terms, please contact our share
registrar, Computershare, on 09 488 8777 or email kingfish@computershare.co.nz.