Marlin Global : New Warrant Issue for Marlin Global (New Warrant Issue for Marlin)

Marlin Global Limited

Phone [phone]

Fax [phone]

Private Bag 93502, Takapuna

Auckland, New Zealand

19 April 2021

New Warrant Issue for Marlin Global

The directors of Marlin Global Limited (Marlin) are pleased to announce that the company will undertake a pro rata offer of warrants to shareholders.

The purpose of the offer is to raise capital as part of Marlin's ongoing capital management programme and provide investors the ability to purchase additional shares in Marlin at a pre-determined Exercise Price. The offer also aims to increase the size of the portfolio and improve operational efficiency. The net proceeds of the offer are expected to be used for further investment in the Marlin portfolio.

On the record date, Marlin shareholders will be issued one warrant for every four shares held. The record date for the issue is 14 May 2021 and the warrants are expected to be allotted on 17 May 2021.

Each warrant gives shareholders the right, but not the obligation, to subscribe for one additional ordinary share in Marlin on the exercise date. The exercise date is 20 May 2022.

The exercise price will be $1.28 less any dividends declared with a record date during the period commencing on the date of allotment of the warrants and up to the announcement of the final exercise price. The final exercise price will be calculated and advised to warrant holders at least six weeks before the exercise date.

The warrants are expected to be quoted on the NZX Main Board from 18 May 2021 under the issuer code MLNWE.

Contact

Wayne Burns

Corporate Manager

Marlin Global Limited