SPH Notice – Crown BP Holdings, LLC

1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Black Pearl Group Limited
Relevant event being disclosed: a change in the nature of relevant interest in the
substantial holding.
Date of relevant event: 26 June 2023
Date this disclosure made: 26 June 2023
Date last disclosure made: 2 December 2022
Substantial product holder(s) giving disclosure
Full name(s): Crown BP Holdings, LLC
Summary of substantial holding
Class of quoted voting products: Ordinary shares in Black Pearl Group Limited (NZX code:
BPG)
Summary for Crown BP Holdings, LLC
For this disclosure,—
(a) total number held in class: 3,098,129
(b) total in class: 39,820,853
(c) total percentage held in class: 7.780%
For last disclosure,—
(a) total number held in class: 2,711,105
(b) total in class: 34,753,864
(c) total percentage held in class: 7.801%

Summary for Ohana Farm LLC
For this disclosure,—
(a) total number held in class: 387,024
(b) total in class: 39,820,853
(c) total percentage held in class: 0.972%

2
For last disclosure,—
(a) total number held in class: 0
(b) total in class: 34,753,864
(c) total percentage held in class: 0%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure for Crown BP Holdings, LLC:
• The date of the transaction or event: 26 June 2023
• The nature of the transaction or event: Participation in private placement
announced to market on 26 May 2023.
• The name of any other party or parties to the transaction or event: Black Pearl
Group Limited as issuer.
• The consideration, expressed in New Zealand dollars, paid or received for the
acquisition, disposal, or change in nature of the relevant interest: NZ$162,550.08
• The number of financial products to which the transaction or event related:
387,024 ordinary shares.
Details of the transactions or other events requiring disclosure for Ohana Farm LLC:
• The date of the transaction or event: 26 June 2023
• The nature of the transaction or event: Participation in private placement
announced to market on 26 May 2023.
• The name of any other party or parties to the transaction or event:
o Black Pearl Group Limited as issuer; and
o Crown BP Holdings, LLC indirectly owns 50% of the financial products of
Ohana Farm LLC.
• The consideration, expressed in New Zealand dollars, paid or received for the
acquisition, disposal, or change in nature of the relevant interest: NZ$162,550.08
• The number of financial products to which the transaction or event related:
387,024 ordinary shares.
Details after relevant event
Details for Crown BP Holdings, LLC
Nature of relevant interest(s): Registered holder and beneficial owner of financial products.
No relevant agreement document needs to be attached under regulation 139 of the
Financial Markets Conduct Regulations 2014.

3
For that relevant interest,—
(a) number held in class: 3,098,129
(b) percentage held in class: 7.780%
(c) current registered holder(s): Crown BP Holdings, LLC
(d) registered holder(s) once transfers are registered: N/A
Details for Ohana Farm LLC
Nature of relevant interest(s): Registered holder and beneficial owner of financial products.
No relevant agreement document needs to be attached under regulation 139 of the
Financial Markets Conduct Regulations 2014.
For that relevant interest,—
(a) number held in class: 387,024
(b) percentage held in class: 0.972%
(c) current registered holder(s): Ohana Farm LLC
(d) registered holder(s) once transfers are registered: N/A
Additional information
Address(es) of substantial product holder(s): 1305 W AUTO Drive, Tempe, Arizona, 85284,
USA
Contact details: C/o Timothy Crown, 001 (602) 396 5220, tim@azcrown.com
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Timothy Crown is also a director of Black Pearl Group Limited, and has the power to control
the exercise of a right to vote attached to, and the power to control the disposal of, the
ordinary shares in Black Pearl Group Limited held by Crown BP Holdings, LLC by virtue of
being a member of Crown BP Holdings, LLC’s manager Anchor Management, LLC. This
disclosure also constitutes disclosure for the purposes of the directors’ and senior
managers’ disclosure obligations.
Certification
I, Timothy Crown, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.