BROKER HANDLING FEE ON KINGFISH WARRANTS

29 January 2021 BROKER HANDLING FEE ON KINGFISH WARRANTS Kingfish Limited ("Kingfish" or "the company") would like to advise brokers that it offers a broker handling fee in respect of the exercise of Kingfish warrants ("KFLWF"). The exercise date is 12 March 2021 and the exercise price is $1.51. Kingfish recognises there is an administration cost and time involved in the warrant exercise process for brokers and, as such, pays brokers 0.4% of the total consideration payable for warrants exercised per beneficial holder. The company would also like to remind brokers that it has a long-term quarterly dividend policy whereby it pays 2% of average net asset value each quarter. All shares allotted upon the exercise of warrants on 12 March 2021 will be eligible for all future dividend payments, from June 2021 onwards. Yours sincerely On behalf of the Board, Wayne Burns Corporate Manager Kingfish Limited End CA:00366881 For:KFL Type:GENERAL Time:2021-01-29 09:26:03