Issue of Shares

Skellerup Holdings Limited
Capital Change Notice




This notice given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the exercise of options
under the Skellerup Share Option Plan.

After the exercise of the options detailed in this notice, there will be no further remaining options
of that same class.

Section 1: Issuer information
Name of issuer Skellerup Holdings Limited
NZX ticker code SKL
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZSKXE0001S8
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 795,200
Nominal value (if any) Nil
Issue/acquisition/redemption price per security $2.91
Nature of the payment (for example, cash or other
consideration)
795,200 shares issued upon a
cashless (net settled) exercise
pursuant to the terms of the Skellerup
Share Option Plan
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number
of Financial Products of the Class, excluding any
Treasury Stock, in existence)
0.4%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for example
the Conversion price and Conversion date and the
ranking of the Financial Product in relation to other
Classes of Financial Product) or the Option (for
example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason
for change must be identified here)
Issue of 795,200 shares on exercise
of options issued under Skellerup’s
Share Option Plan. Directors’
resolutions dated 29 October 2020.
Total number of Financial Products of the Class after
the issue/acquisition/redemption/Conversion (excluding
Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the
issue/acquisition/redemption.
196,071,582 ordinary shares
No Treasury Stock held
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A

Specific authority for the issue, acquisition, or
redemption, including a reference to the rule pursuant
to which the issue, acquisition, or redemption is made
Directors’ resolutions dated 29
October 2020 and NZX Listing Rules
4.6.1 and 4.9.1(b).
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Listed ordinary shares ranking equally
with the existing ordinary shares on
issue of Skellerup Holdings Limited
Date of issue/acquisition/redemption 01 November 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Graham Leaming
Contact person for this announcement Graham Leaming
Contact phone number 021 271 9206
Contact email address Graham.leaming@skellerupgroup.com
Date of release through MAP

02 November 2022