Marlin Global : MLN - Issue of Securities - 31 March 2017

a)

b)

Class of security: ISIN:

Number of ordinary shares issued:

Ordinary Shares NZMLNE0001S0

1,081,586

c)

Issue Price:

$0.7540

d)

Payment:

Issue of shares under Dividend Reinvestment Plan. Nil shares are issued from treasury stock and 1,081,586 by way of new shares issued.

e)

Amount paid up:

Fully paid up

f)

Principal terms:

Same terms as those ordinary shares already on issue

g)

Percentage of the total class of securities issued (after the issue):

0.92%

h)

Reason for the issue:

Dividend Reinvestment Plan

i)

Specific authority for the issue:

Directors resolution and in accordance with Listing Rule 7.3.10 (e)

j)

Terms or conditions of the issue:

The shares rank pari passu with existing ordinary shares

k)

Total number of ordinary shares in existence after the issue:

117,855,462 (excluding treasury stock of 46,032)

l)

N/A

m)

Date of issue:

31 March 2017