KFL NAV as at 30/9/19 – $1.5185

KFL NAV as at 30/9/19 - $1.5185 Date 30/9/2019 25/9/2019 KFL NAV $1.5185 $1.5079 Share price close $1.44 $1.42 Discount 5% 6% The above net asset value (NAV) is unaudited and net of fees and tax. The NAV per share is calculated after deducting treasury stock (shares acquired under the Kingfish buyback programme) - currently nil. The five largest portfolio holdings at 30 September 2019 are approximately as follows: The a2 Milk Company 14% Fisher & Paykel Healthcare 14% Mainfreight 14% Infratil 9% Summerset Group 8% 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:00341977 For:KFL Type:MKTUPDTE Time:2019-10-01 14:02:44