KFL ex-div NAV as at 6/12/17 – $1.4209

KFL NAV as at 6/12/17 - $1.4209 (after deducting 2.83cps dividend payable) Date 6/12/2017 30/11/2017 KFL NAV $1.4209 $1.4583 Share price close $1.33 $1.33 Discount 6% 9% The above net asset value (NAV) is unaudited and net of fees and tax. The NAV per share is after deducting an accrual for a 2.83 cents per share dividend to be paid on 22 December 2017. The NAV per share is also calculated after deducting treasury stock of 639,602 shares (acquired under the Kingfish buyback programme). A performance fee payable to the Manager is currently being accrued in the NAV. The five largest portfolio holdings at 6 December 2017 are approximately as follows: Mainfreight 12% Fisher & Paykel Healthcare 10% Freightways 9% Infratil 8% Ryman Healthcare 7% BACKGROUND Kingfish is a listed investment company that invests in growing New Zealand companies. The Kingfish portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Kingfish is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax-efficient investment vehicle. Kingfish listed on NZX Main Board on 31 March 2004 and may invest in companies that are listed on a New Zealand stock exchange or unlisted companies. Contact Corporate Manager Kingfish Limited Tel +64 9 4840352 End CA:00311583 For:KFL Type:MKTUPDTE Time:2017-12-07 16:04:26