DIVIDEND REINVESTMENT PLAN PRICE DETERMINED

Kingfish Limited (Kingfish) advises that the share price used to calculated entitlements under the Dividend Reinvestment Plan (the DRP) has been set at $1.5137 This is the volume weighted average price of all Kingfish shares traded on the NZX Main Board during the five trading days from and including the ex-dividend date (being 4 December 2019), less a 3.0% discount. The new shares will be issued on the dividend payment date (being 19 December 2019) to those shareholders who have elected to participate in the DRP. Ends Contact Corporate Manager Kingfish Limited Tel +64 9 484 0352 End CA:00346223 For:KFL Type:CORPACT Time:2019-12-18 11:06:02