Warrant Conversion Notice

Blackpearl Group | Level 1 60 Cuba Street
Wellington 6011 | New Zealand
hello@blackpearlgroup.com | +64 480 39390



12 September 2023

Warrant Conversion Notice
The table below details the conversion of unquoted warrants in Black Pearl Group
Limited (NZX:BPG) (Warrants) in accordance with the Warrant Terms of Issue. Each
Warrant can be exercised at any point on or before the expiry date, being 25 May 2028,
at an exercise price of $0.01 per Warrant. Each Warrant converts to one ordinary share
in BPG (Share) upon exercise.
Number of Warrants converted 180,000
Date of conversion 12/09/23
Number of Shares issued 180,000
Details of any interest or dividend
conditions attaching to the Shares
The Shares issued upon conversion are of
the same class and terms as the ordinary
shares in BPG quoted on the NZX Main
Board.
How many Warrants remain to be
converted
2,320,000

For and on behalf of the board,
Karen Cargill
Chief Financial Officer
For further information, please contact:
hello@blackpearlgroup.com | +64 480 39390