EXERCISE OF MARLIN GLOBAL LIMITED WARRANTS (MLNWD) 6 Nov 20

Dear Warrant Holder, EXERCISE OF MARLIN GLOBAL LIMITED WARRANTS (MLNWD) - 6 November 2020. The final exercise price of the Marlin warrants is $0.86. As the MLNWD warrant exercise date of 6 November 2020 is approaching, you have the following choices with your warrants: o You can elect to exercise some or all of your warrants on 6 November 2020 at the final Exercise Price. o You can seek to sell or transfer your warrants on the NZX Main Board until 5.00pm 4 November 2020. o You can elect to not exercise any warrants on 6 November 2020 and allow the warrants to lapse. Any warrants not exercised by 5.00pm on 6 November 2020 will lapse and all rights relating to the warrants will expire. What do I do if I wish to exercise my warrants? If you wish to exercise some or all of your warrants, you should: o visit www.warrants.co.nz/marlin and complete the online Exercise Form; or o complete the attached Exercise Form in accordance with the instructions set out on that form; o pay the Exercise Price required to be paid in accordance with the payment instructions set out below; or o return your completed Exercise Form and your payment to the Registrar, or any NZX Firm, in sufficient time for the documents to be forwarded to and received by the Registrar no later than 5.00pm on 6 November 2020. Payment Options o Payment must be made in full by paying the Exercise Price of $0.86 per warrant that you wish to exercise. o Payment is to be made in New Zealand dollars by direct credit, cheque or by such other method of payment as agreed as acceptable to Marlin. o If there is a discrepancy between the amount of application monies (by way of direct credit or cheque) and the number of warrants being exercised as indicated on your Exercise Form, Marlin will treat the application as being for the number of warrants being exercised as the application monies will pay for. Direct credit Payment can be made by direct credit to the Marlin Global Limited Warrant Account. Please include your CSN number as the deposit reference. If paying by direct credit you may email your completed Exercise Form to marlin@computershare.co.nz Payment should be made to the following account: Bank: ASB BANK LIMITED BRANCH: CORPORATE BANKING Account Number: 12-3244-0022496-01 Cheque Payment can be made by cheque. Please make cheques out to "Marlin Global Limited" and crossed "Not Transferable". Please attach your cheque to your completed Exercise Form and post to: Computershare Investor Services Limited 159 Hurstmere Road Takapuna Private Bag 92119 Auckland 1142 New Zealand Yours sincerely Alistair Ryan Chair Marlin Global Limited End CA:00361065 For:MLN Type:OFFER Time:2020-10-07 09:42:06