Appendix 3B

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Announcement Summary
Entity name
NEW ZEALAND KING SALMON INVESTMENTS LIMITED
Announcement Type
New announcement
Date of this announcement
13/4/2022
The Proposed issue is:
Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or
renounceable)
ASX +security code+Security description
Maximum Number of
+securities to be issued
NZKORDINARY FULLY PAID FOREIGN EXEMPT NZX400,817,453
Ex date
22/4/2022
+Record date
26/4/2022
Offer closing date
6/5/2022
Issue date
12/5/2022
Refer to next page for full details of the announcement
A standard pro rata issue (including non-renounceable or renounceable)

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Part 1 - Entity and announcement details
1.1 Name of +Entity
NEW ZEALAND KING SALMON INVESTMENTS LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees
to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in
Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also
apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set
out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under
the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX
an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 Registered Number Type
ARBN
Registration Number
613922071
1.3 ASX issuer code
NZK
1.4 The announcement is
1.5 Date of this announcement
13/4/2022
1.6 The Proposed issue is:
1.6a The proposed standard +pro rata issue is:
+ Renounceable
A standard +pro rata issue (non-renounceable or renounceable)
New announcement

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Part 3 - Details of proposed entitlement offer issue
Part 3A - Conditions
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
proceed on an unconditional basis?
Part 3B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
proposed to be issued
ASX +security code and description
NZK : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Is the proposed security a 'New
class' (+securities in a class that is
not yet quoted or recorded by ASX)
or an 'Existing class' (additional
securities in a class that is already
quoted or recorded by ASX)?
Will the proposed issue of this
+security include an offer of
attaching +securities?
If the entity has quoted company
options, do the terms entitle option
holders to participate on exercise?
Details of +securities proposed to be issued
ASX +security code and description
NZK : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
NZNZKE0003S0
ISIN Code for the tradable rights created under a renounceable right issue
(if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities
to be issued
57
For a given quantity of +securities
held
20
NoNo
Existing class
No

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What will be done with fractional
entitlements?

Fractions rounded down to the nearest
whole number or fractions disregarded
Maximum number of +securities
proposed to be issued (subject to
rounding)
400,817,453
Offer price details for retail security holders
In what currency will the offer be
made?
NZD - New Zealand Dollar
What is the offer price per +security
for the retail offer?
NZD 0.15000
AUD equivalent to Offer Price amount
per +security
0.13797000
Date of FX rate

12/4/2022
FX rate (in format AUD 1.00 / primary
currency rate):

AUD 1.00
FX rate (in format AUD rate/primary
currency rate) Primary Currency rate
NZD 0.91980000
Oversubscription & Scale back details
Will individual +security holders be permitted to apply for more than their
entitlement (i.e. to over-subscribe)?
Describe the limits on over-subscription
Eligible Retail Shareholders who take up their Rights in full have the opportunity to apply for additional New Shares which
are attributable to any Unexercised Rights, allowing them to subscribe for additional New Shares up to a maximum of
100% of their Rights.
Will a scale back be applied if the offer is over-subscribed?
Describe the scale back arrangements
Allocations and any necessary scaling of additional New Shares applied for by Eligible Retail Shareholders who take up
their Rights in full will be determined by NZKS and the Lead Manager.
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes
Yes
Yes

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Part 3C - Timetable
3C.1 +Record date
26/4/2022
3C.2 Ex date
22/4/2022
3C.3 Date rights trading commences
22/4/2022
3C.4 Record date
26/4/2022
3C.5 Date on which offer documents will be sent to +security holders
entitled to participate in the +pro rata issue
27/4/2022
3C.6 Offer closing date
6/5/2022
3C.7 Last day to extend the offer closing date
3/5/2022
3C.8 Date rights trading ends
29/4/2022
3C.9 Trading in new +securities commences on a deferred settlement basis
2/5/2022
3C.11 +Issue date and last day for entity to announce results of +pro rata
issue
12/5/2022
3C.12 Date trading starts on a normal T+2 basis
13/5/2022
3C.13 First settlement date of trades conducted on a +deferred settlement
basis and on a normal T+2 basis
17/5/2022
Part 3E - Fees and expenses
3E.1 Will there be a lead manager or broker to the proposed offer?
3E.1a Who is the lead manager/broker?
Jarden Securities Limited
Yes

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3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
The Company agrees to pay a lead management fee of 1.5% of the total gross proceeds raised under the Offer.
3E.2 Is the proposed offer to be underwritten?
3E.2a Who are the underwriter(s)?
Jarden Partners Limited
3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)?
Oregon Group has pre-committed to take up $23.8m of its rights (representing 100% of its entitlement), and the directors
of NZ King Salmon have pre-committed to subscribe for a further $2.5m of shares, with the balance of the Rights Offer
fully underwritten by Jarden Partners Limited on customary terms for an offer of this nature.
3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)?
The Company agrees to pay an underwriting fee of 2.0% of the total gross proceeds raised under the Offer, excluding the
amount attributable to pre-commitments relating to Oregon Group Limited and directors of the Company.
3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated
Refer to the Underwriting Agreement summary on page 11 of the Offer Document
3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a
handling fee or commission?
3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer
Standard share registry, external advisers and NZX/ASX administrative fees
Part 3F - Further Information
3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue
To fund the retirement of debt
3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining
entitlements to the issue?
3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful?
3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed
issue
All countries except Australia and New Zealand and such other jurisdictions (which will include Hong Kong and Singapore)
in which NZK decides to make offers under applicable exemptions from disclosure requirements.
3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing
+securities
No
No
No
Yes

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3F.6 URL on the entity's website where investors can download information about the proposed issue
nzks www.shareoffer.co.nz/
3F.7 Any other information the entity wishes to provide about the proposed issue
3F.8 Will the offer of rights under the rights issue be made under a disclosure document or product disclosure
statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)?
3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with
the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
An applicable ASIC instrument or class order
No
No