KFL – Issue of Securities – 21 December 2018

21 December 2018



ISSUE OF SECURITIES

For the purposes of Listing Rule 7.12.1, Kingfish Limited advises that the following shares have been issued on
21 December 2018.

a) Class of security and ISIN: Ordinary shares NZKFLE0001S0

b) Number of ordinary shares issued: 1,708,956

c) Issue Price: $1.3068

d) Payment: Consideration satisfied pursuant to the Dividend
Reinvestment Plan.

186,287 shares are issued from treasury stock and
1,522,669 by way of new shares issued.

e) Amount paid up: Fully paid

f) Principal terms: Ordinary shares having the same rights and ranking
equally with the existing ordinary shares.

g) Percentage of the total class of
securities issued after the issue: 0.8701%

h) Reason for the issue: Issue of ordinary shares pursuant to the terms of the
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: Ordinary shares having the same rights and ranking
equally with the existing ordinary shares.

k) Total number of securities of the
class in existence after the issue: 196,410,150 ordinary shares (excluding treasury stock
of nil)

l) Treasury stock: Not applicable

m) Date of issue: 21 December 2018




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