KFL – Issue of Securities – 22 December 2017

22 December 2017


ISSUE OF SECURITIES

The following information is provided in accordance with Listing Rule 7.12.1

a) Class of Security and ISIN: Ordinary Shares NZKFLE0001S0

b) Number of Ordinary Shares issued: 1,583,637

c) Issue Price: $1.2768

d) Payment: Issue of shares under Dividend Reinvestment Plan.
639,602 shares are issued from treasury stock and 944,035 by
way of new shares issued.

e) Amount paid up: Fully paid up

f) Principal terms: Same terms as those Ordinary Shares already on issue


g) Percentage of the total Class of
Securities issued after the issue: 0.8334%

h) Reason for the issue: Dividend Reinvestment Plan

i) Specific authority for the issue: Directors resolution and in accordance with Listing
Rule 7.3.10 (e)

j) Terms or details of the issue: The Shares rank equally with existing Ordinary
Shares

k) Total number of Securities of the
Class in existence after the issue: 190,023,067 Ordinary Shares (excluding treasury stock
of 115,000)

l) N/A

m) Date of issue: 22 December 2017




______________________
Alistair Ryan – Chairman
Kingfish Limited
Kingfish Limited
Phone +64 9 489 7094
Fax +64 9 489 7139
Private Bag 93502, Takapuna
Auckland 0740