EXERCISE OF KINGFISH WARRANTS (KFLWE) – 12 July 2019.

Dear Warrant Holder,

EXERCISE OF KINGFISH WARRANTS (KFLWE) – 12 July 2019.

The final exercise price of Kingfish warrants is $1.25.

As the KFLWE warrant exercise date of 12 July 2019 is approaching, you have the following choices with your warrants:
 You can elect to exercise some or all of your warrants (subject to a minimum exercise of 200 warrants) on 12 July 2019 at
the final Exercise Price of $1.25.
 You can seek to sell or transfer your warrants on the NZX Main Board until 5.00pm 10 July 2019.
 You can elect to not exercise any warrants on 12 July 2019 and allow the warrants to lapse.

Any warrants not exercised by 5.00pm on 12 July 2019 will lapse and all rights relating to the warrants will expire.
We encourage you to seek financial, investment or other professional advice from a qualified professional advisor when
considering whether to exercise your warrants.

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), you should:
 visit www.warrants.co.nz/kingfish and complete the online Exercise Form
 complete the enclosed Exercise Form in accordance with the instructions set out on that form;
 pay the Exercise Price required to be paid in accordance with the payment instructions set out below; and
 return your completed Exercise Form and your payment to the Registrar, or any NZX Firm, in sufficient time for the
documents to be forwarded to and received by the Registrar no later than 5.00pm on 12 July 2019.

Payment Options
 Payment must be made in full by paying the Exercise Price of $1.25 per warrant that you wish to exercise.
 Payment is to be made in New Zealand dollars by direct credit, cheque or by such other method of payment as agreed as
acceptable to Kingfish.
 If there is a discrepancy between the amount of application monies (by way of direct credit or cheque) and the number of
warrants being exercised as indicated on your Exercise Form, Kingfish will treat the application as being for the number of
warrants being exercised as the application monies will pay for.

Direct credit Payment can be made by direct credit to the Kingfish Limited Warrant Account. Please include your CSN
number as the deposit reference. If paying by direct credit you may email your completed Exercise Form to
kingfish@computershare.co.nz

Payment should be made to the following account:

Bank: ASB BANK LIMITED BRANCH: CORPORATE BANKING
Account Number: 12-3244-0000035-01
Cheque Payment can be made by cheque. Please make cheques out to “Kingfish Limited” and crossed “Not
Transferable”. Please attach your cheque to your completed Exercise Form and post to:

Computershare Investor Services Limited
159 Hurstmere Road
Takapuna
Private Bag 92119
Auckland 1142
New Zealand

Please note the share allotment date is now the 18 July 2019.

Yours sincerely



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

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(see note on broker handling fee)



KINGFISH LIMITED
WARRANTS EXERCISE FORM FOR 12 JULY 2019 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 $1.25 for each warrant
that you wish to exercise:

$

Visit www.warrants.co.nz/kingfish to exercise your warrants

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)

Email Address


By completing this form and making the necessary payment the Holder hereby:
(a) elects to exercise the number of warrants indicated above (and if no number has been inserted above, the
number of warrants held for which you have paid the Exercise Price) at $1.25 per warrant and on the terms
set out in the warrant terms announced to the NZX on 2 July 2018 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 exercise form enters into an indemnity in favour of and for Kingfish
Limited.

Any warrants not exercised by 5.00pm on 12 July 2019 (Exercise Date) will lapse and all rights relating to the
warrants 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

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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_____________ <insert year>

_______________________________
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 EMAIL ADDRESS: By supplying Computershare Investor Services with your email address, you authorise
Kingfish to communicate with you electronically where possible.
4 ON COMPLETION: Place the completed form in the enclosed reply-paid envelope and deliver or post it 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 5.00pm on
12 July 2019.
If paying by cheque, attach your cheque made payable to “Kingfish Limited” and crossed “Not Transferrable”.
If paying by direct credit you may email your completed form to kingfish@computershare.co.nz
5 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.
6 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. Any warrants not exercised on the exercise date will lapse. The full terms of the warrants are set out
in the offer document announced to the NZX on 2 July 2018 and sent to warrant holders. If you would like a
replacement copy of the offer document, please contact our share registrar, Computershare, on 09 488 8777 or
email kingfish@computershare.co.nz.