MLN SHARE ISSUE (WARRANT CONVERSION MLNWD)

11 November 2020





MARLIN GLOBAL SHARE ISSUE (WARRANT COVERSION MLNWD)


On 6 November 2020, Marlin Global warrant holders had the option to convert their warrants into
ordinary Marlin Global shares at an exercise price of $0.86 per warrant. On the same day, Marlin Global
shares were trading on-market at $1.20, a 39.5% premium to the exercise price.

Warrant holders took advantage of this discount, with 33,399,590 warrants out of a possible 37,252,688
warrants (90%) being converted into Marlin Global ordinary shares.

The new shares were allotted to warrant holders on 11 November 2020. All new shares have the same
rights as current Marlin Global shares, including participating in the company’s quarterly dividend policy.

The remaining 3,853,098 warrants which were not exercised have now lapsed, and all rights in regards
to them have now expired.

The additional funds will be invested in Marlin Global’s current investment portfolio of stocks, in
similar proportions to the existing portfolio.


Marlin Global Limited
Phone +64 9 484 0365
Fax +64 9 489 7139
Private Bag 93502 Takapuna
Auckland 0740, New Zealand