MLN – Issue of Securities – 16 April 2019

16 April 2019

ISSUE OF SECURITIES

The following information is provided in accordance with Listing Rule 3.13.1

a) Class of security: Ordinary Shares
ISIN: NZMLNE0001S0

b) Number of ordinary shares issued: 23,452,115

c) Issue Price: $0.75

d) Payment: Cash

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: 16.12%

h) Reason for the issue: Shares issued upon the exercise of warrants
(Exercise date: 12 April 2019).

i) Specific authority for the issue: The terms of the issue of warrants

j) Terms or details of the issue: Ordinary shares having the same rights and
ranking equally with existing ordinary shares.

k) Total number of ordinary shares in
existence after the issue: 145,448,065 (excluding treasury stock
of 110,000)

l) n/a

m) Date of issue: 16 April 2019

CONVERSION OF WARRANTS AT 16 April 2019:

The following details are provided for the purposes of listing rule 3.15.2
a) 23,452,115 warrants have been converted into 23,452,115 ordinary shares
b) n/a
c) 6,232,025 warrants lapsed as they were not exercised on 12 April 2019

Wayne Burns– Corporate Manager
Marlin Global Limited