Aquisition and Cancellation of Shares

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 New Zealand King Salmon
Investments Limited
NZX ticker code NZK
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZNZKE0003S0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 3,272,437

Nominal value (if any) Not applicable.
Issue/acquisition/redemption price per security $0.2757
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Not applicable.
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)
0.604%
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)
Not applicable.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
As announced on 1 November
2022 and 9 October 2023, NZK
granted a put option to former
CEO Grant Rosewarne. The put
option requires NZK to acquire
certain shares held by a family
trust associated by Mr
Rosewarne and originally
acquired under long term
incentive plans to enable
repayment of a loan owed by Mr
Rosewarne to NZK as part of
those long term incentive plans.
Pursuant to that put option, NZK
has acquired 3,272,437 ordinary
shares, the proceeds of which
have been applied to the

repayment of Mr Rosewarne’s
loan balance.
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.
538,182,273
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
No.
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 resolutions dated 31
October 2022 and 6 October
2023
NZX Listing Rule 4.14.1(b)(ii)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Shares acquired will be
cancelled
Date of issue/acquisition/redemption 28/02/2024
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Ben Rodgers
Contact person for this announcement Ben Rodgers
Contact phone number +64 27 527 5636
Contact email address Ben.Rodgers@kingsalmon.co.nz
Date of release through MAP

28/02/2024