NZK allotment of securities – long term incentive shares

NZK Capital Change Notice Section 1: Issuer information Name of issuer New Zealand King Salmon Investments Ltd 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 414,488 Nominal value (if any) N/A Issue/acquisition/redemption price per security 211,727 shares issued to 2016 scheme participants at $1.41 per share 30,034 shares issued to 2017 scheme participants at $2.13 per share 172,727 shares issued to new participant at $2.20 per share Nature of the payment (for example, cash or other consideration) Cash Amount paid up (if not in full) In full 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) 0.299% of the total number of fully paid ordinary shares prior to this issue 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) Issue of 414,488 ordinary shares under the Senior Executive LTI Scheme for senior executives of New Zealand King Salmon Investments Limited and its subsidiaries 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. 138,985,635 ordinary shares 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 Directors' resolutions dated 4 November 2019 and pursuant to Listing Rule 4.6.1 Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) On the terms set out in the Senior Executive LTI scheme rules Date of issue/acquisition/redemption 05/11/2019 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Andrew Clark Contact person for this announcement Andrew Clark Contact phone number 021 471-953 Contact email address andrew.clark@kingsalmon.co.nz Date of release through MAP 06/11/2019 End CA:00343887 For:NZK Type:SECISSUE Time:2019-11-06 14:29:25