Capital Change Notice

Capital Change Notice

Updated as at June 2023


Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer Black Pearl Group Limited
NZX ticker code NZX
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZBPGE0004S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 359,974 shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security 86,359 shares at $1.25 per share
273,615 shares at $0.58 per
share
Nature of the payment (for example, cash or other
consideration)
272,566 shares (86,359 @ $1.25
and 186,207 @ $0.58) have been
issued as part consideration for
the purchase of NewOldStamp
Inc in accordance with a pre-
listing sale and purchase
agreement dated 28 October
2022.
87,408 shares @ $0.58 were
issued as part consideration for
services provided under
independent contractor
agreements entered into with
various contractors pre-listing on
28 October 2022.
Amount paid up (if not in full) Fully Paid
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)
1

0.74%
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

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Sale and purchase agreement
dated 28 October 2022 and
independent contractor
agreements dated 28 October
2022.
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.
49,005,989
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
Board approval under section 47
of the Companies Act 1993.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
same class and terms as the
BPG shares quoted on the NZX.
Date of issue/acquisition/redemption
2
02/11/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Karen Cargill
Contact person for this announcement Karen Cargill
Contact phone number +64 21 135 5183
Contact email address karen.cargill@blackpearlmail.com
Date of release through MAP

02/11/2023




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).