KFL undiluted NAV as at 17/11/21 – $1.8233

KFL undiluted NAV as at 17/11/21 - $1.8233 Date 17/11/2021 10/11/2021 KFL undiluted NAV $1.8233 $1.8424 Share price close $2.02 $2.07 (Premium) (11%) (12%) The above net asset value (NAV) is unaudited and net of fees and tax. The NAV per share is calculated after deducting treasury stock (shares acquired under the Kingfish buyback programme) - currently nil. * The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWG). At 17 November 2021, 79,075,168 warrants are on issue and may be exercised on 18 November 2022. The actual exercise price of each warrant is $2.03 less the dividends per share declared by the company with a record date between 15 November 2021 and the announcement of the 18 November 2022 exercise price. The five largest portfolio holdings at 17 November 2021 are approximately as follows: Mainfreight 19% Infratil 15% Fisher & Paykel Healthcare 15% Auckland International Airport 10% Summerset 8% BACKGROUND Kingfish is a listed investment company that invests in growing New Zealand companies. The Kingfish portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Kingfish is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax-efficient investment vehicle. Kingfish listed on NZX Main Board on 31 March 2004 and may invest in companies that are listed on a New Zealand stock exchange or unlisted companies. Contact Corporate Manager Kingfish Limited Tel +64 9 4840352 End CA:00383102 For:KFL Type:MKTUPDTE Time:2021-11-18 14:45:19