SPH Notice – New Zealand King Salmon Investments Limited

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To New Zealand King Salmon Investments Limited Date this disclosure made: 30 August 2018 Date last disclosure made: 19 October 2016 Date on which substantial holding ceased: 30 August 2018 Substantial product holder(s) giving disclosure Full name(s): New Zealand King Salmon Investments Limited Summary of previous substantial holding Class of quoted voting products: Ordinary shares (NZX Code: NZK) Summary for New Zealand King Salmon Investments Limited For last disclosure,-- (a) total number held in class: 65,852,206 (b) total in class: 138,157,843 (c) total percentage held in class: 47.664% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 0 (b) total in class: 138,475,358 (c) total percentage held in class: 0% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: Oregon Group Limited, Hendry Nominees Limited, Direct Management Investments Limited and each of New Zealand King Salmon Investments Limited's (NZKS) directors and senior executives who held shares prior to the initial public offering of shares in NZKS (the Offer) (together, the Escrowed Shareholders) are subject to restricted security agreements with NZKS (attached to NZKS' disclosure on 19 October 2016) in respect of all shares held by them prior to the Offer which they continue to hold upon completion of the Offer (the Escrowed Shares), as set out in more detail in NZKS' disclosure on 19 October 2016. On 30 August 2018, being the first business day after NZKS' preliminary announcement was released to the market in respect of its financial results for the year ended 30 June 2018, NZKS ceased to have a relevant interest in the Escrowed Shares. Additional information Address of substantial product holder: 93 Beatty Street, Annesbrook, Nelson, New Zealand Contact details: Andrew Clark +64 21 471 953 andrew.clark@kingsalmon.co.nz Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Oregon Group Limited and Sir Hiew King Tiong Certification I, Mark Hutton, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00323078 For:NZK Type:SHINTR Time:2018-08-30 11:25:49