DIVIDEND REINVESTMENT PLAN PRICE DETERMINED

19 March 2020 DIVIDEND REINVESTMENT PLAN PRICE DETERMINED Kingfish Limited (Kingfish) advises that the share price used to calculate entitlements under the Dividend Reinvestment Plan (the DRP) has been set at $1.3231 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 11 March 2020), less a 3.0% discount. The new shares will be issued on the dividend payment date (being 27 March 2020) to those shareholders who have elected to participate in the DRP. Ends Contact Corporate Manager Kingfish Limited Tel +64 9 484 0352 End CA:00350254 For:KFL Type:CORPACT Time:2020-03-19 09:55:13