KFL SHARE ISSUE (WARRANT CONVERSION KFLWF)

17 March 2021


KINGFISH SHARE ISSUE (WARRANT CONVERSION KFLWF)


On 12 March 2021, Kingfish warrant holders had the option to convert their warrants into ordinary
Kingfish shares at an exercise price of $1.51 per warrant. On the same day, Kingfish shares were
trading on-market at $1.90, a 25.8% premium to the exercise price.

Warrant holders took advantage of this discount, with 56,285,634 warrants out of a possible
61,578,083 warrants (91.4%) being converted into Kingfish ordinary shares.

The new shares were allotted to warrant holders on 17 March 2021. All new shares have the same
rights as current Kingfish shares, including participating in the company’s quarterly dividend policy.

The remaining 5,292,449 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 Kingfish’s current investment portfolio of stocks, in similar
proportions to the existing portfolio.


/Ends

Wayne Burns
Corporate Manager
Kingfish Limited

Tel +64 9 489 7094


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