MLN - Issue of Securities - 25 May 2022

Section 1: Issuer information
Name of issuer Marlin Global Limited
NZX ticker code MLN
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMLNE0001S0
Currency NZD

Section 2: Capital change details

Number issued/acquired/redeemed 4,817,168

Nominal value (if any) One ordinary share was issued for each MLNWE warrant exercised on or before the exercise date of 20 May 2022, for an exercise price of $1.18 per warrant.

Issue/Acquisition/redemption price per security $1.18

Nature of the payment (for example, cash or other consideration) Cash

Amount paid up (if not in full) Fully paid up

Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 2.48%

For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date) One share issued for each MLNWE warrant exercised on or before the exercise date of 20 May 2022, for an exercise price of $1.18 per warrant.

4,817,168 warrants have been converted into 4,817,168 ordinary shares.

All new ordinary shares issued upon exercise of the warrants rank equally with all existing MLN ordinary shares on issue.

Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here) Shares issued upon exercise of warrants. Exercise date 20 May 2022.

Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption. 199,182,311 total ordinary shares on issue (excluding treasury stock of nil)

In the case of an acquisition of shares, whether those shares are to be held as treasury stock n/a

Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made Director resolution

Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) One ordinary share issued for each MLNWE warrant exercised on or before the exercise date of 20 May 2022, for an exercise price of $1.18 per warrant.

Date of issue/acquisition/redemption 25/5/2022

Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Wayne Burns
Contact person for this announcement Wayne Burns
Contact phone number 09 484 0365
Contact email address [email protected]
Date of release through MAP 25/5/2022

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Announcement PDF