KFL – Issue of Securities – 29 April 2019

29 April 2019

ISSUE OF SECURITIES

The following information is provided in accordance with 1 January 2019 Listing Rule 3.13.1


c) Class of security: Ordinary Shares

ISIN: NZKFLE0001S0

d) Number of ordinary shares issued: 1,409,150

e) Issue Price: $1.5697

f) Payment: Payment of half of the performance fee, net of GST of
$2,211,942 earned by Fisher Funds Management
Limited (the Manager) for the period ended 31 March
2019.

86,377 shares issued are issued from treasury stock and
1,322,773 by way of new shares issued.

g) Amount paid up: Fully paid up

h) Principal terms: Same terms as those ordinary shares already on issue

i) Percentage of the total class of
securities issued (after the issue): 0.7072%

j) Reason for the issue: Issue of ordinary shares pursuant to the terms of the
Management Agreement relating to the payment of
performance fee.

k) Specific authority for the issue: The Management Agreement between the Manager
and Kingfish Limited dated 26 February 2004 and the
Constitution of Kingfish Limited as adopted on the 5 July
2006. Authorised by Directors resolution.

l) Terms or conditions of the issue: Shares issued as per the terms of the Management
Agreement at an issue price per share equal to the Net
Asset Value per share at year end. The Manager may
not sell these shares for 180 days of issue.

m) Total number of ordinary shares in
existence after the issue: 199,243,823 (excluding treasury stock of 15,000)

n) N/A

o) Date of issue: 29 April 2019





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