Capital Change Notice

Capital Change Notice
Updated as at June 2023
Section 1: Issuer information
Name of issuerBlack Pearl Group Limited
NZX ticker codeBPG
Class of financial productOrdinary Shares
ISIN (If unknown, check on NZX website)NZBPGE0004S2
CurrencyNZD
Section 2: Capital change details
Number issued/acquired/redeemed168,000 Ordinary Shares
(Shares)
Nominal value (if any)N/A
Issue/acquisition/redemption price per security$1.25 per Share
Nature of the payment (for example, cash or other
consideration)
The Shares have been issued
fully paid upon the conversion
of restricted shares in BPG
(Restricted Shares) issued to
Timothy Crown and Mark
Osborne (Directors of BPG) in
consideration for their specific
periods of service provided in
accordance with each
individual Director
appointment letters.
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
0.26%
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)
Issued upon the conversion of
Restricted Shares in
accordance with the Restricted
Share terms under the
individual Director
appointment letter entered into
pre-listing.
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.
63,897,140
1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

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 resolution per section
47 of the Companies Act 1993
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Issued in accordance with the
appointment letters entered
into pre-listing.
Issue of new ordinary shares in
BPG which rank equally with
all other fully paid ordinary
shares.
Date of issue/acquisition/redemption
2
2/12/2024
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@blackpearl.com
Date of release through MAP

2/12/2024




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).