BROKER HANDLING FEE ON KINGFISH WARRANTS

7 October 2022


BROKER HANDLING FEE ON KINGFISH WARRANTS



Kingfish Limited (“Kingfish” or “the company”) would like to advise brokers that it offers a broker
handling fee in respect of the exercise of Kingfish warrants (“KFLWG”).

The exercise date is 18 November 2022, and the exercise price is $1.90.

Kingfish recognises there is an administration cost and time involved in the warrant exercise process
for brokers and, as such, pays brokers 0.4% of the total consideration payable for warrants exercised
per beneficial holder.

The company would also like to remind brokers that it has a long-term quarterly dividend policy
whereby it pays 2% of average net asset value each quarter. All shares allotted upon the exercise of
warrants on 23 November 2022 will be eligible for all future dividend payments, from December 2022
onwards.



Yours sincerely

On behalf of the Board,





Wayne Burns
Corporate Manager
Kingfish Limited











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

Process:
If an NZX adviser firm recommends the exercise of Kingfish warrants and the holder agrees to exercise their
warrants, the adviser will:

1. For individual clients (who are registered holders of warrants), request that they complete an
online exercise form and direct credit funds into adviser firm bank account. (The NZX adviser firm
will instruct the client input the adviser firms name when completing the online exercise form).

2. For clients in a custodial/nominee account, collate and summarise the information on clients
electing to exercise their warrants through the adviser firm’s internal processes and complete the
required online exercise forms, including the input of the NZX adviser firm’s name.

3. Advisers can arrange with Computershare to direct credit funds to the Computershare bank
account using a unique deposit reference.

4. Computershare will process the warrant exercise forms and payments and allot shares following
close-off within three business days after the exercise date.

5. Computershare will record the brokerage entitlement from the online exercise forms.

6. Following approval by Kingfish, total broker fees payable will be credited to Computershare’s bank
account. Computershare will pay the fee to the adviser firm’s head office. A brokerage calculation
report will be provided with remittance of payment advice (usually paid by direct credit) which
shows adviser code and address, underlying registered holder application acceptance detail and
brokerage calculated. Fee payments are expected to take place around 10 working days following
receipt of the signed broker report.

7. Any queries relating to the remittance of broker handling fees are to be directed to
Computershare. If the coding as processed by Computershare is correct (i.e., matches the exercise
forms), they will not enter into any disputes that may arise with adviser firms.