Allotment of shares on bond capitalisation

Capital Change Notice

Section 1: Issuer information
Name of issuer Blackwell Global Holdings Limited
NZX ticker code BGI
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZNZFE0001S4
Currency NZD
Section 2: Capital change details
Number issued 71,428,571
Nominal value (if any) N/A
Issue price per security $0.007
Nature of the payment (for example, cash or other consideration) Capitalisation of $500,000 secured
bonds by issue of shares to
Blackwell Global Group Limited as
approved by shareholders at annual
meeting on 28 September 2021
Amount paid up (if not in full) n/a
Percentage of total class of Financial Products issued (calculated on the
number of Financial Products of the Class, excluding any Treasury
Stock, in existence)
14.21%
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)
n/a
Reason for issue and specific authority for issue (the reason for change
must be identified here)
Capitalisation of secured bonds to
strengthen the company’s financial
position increasing net assets per
share
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial Products of
the Class held as Treasury Stock after the issue.
573,759,059
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
Listing Rule 4.2.1 (shareholder
approved issue)
Terms or details of the issue, acquisition, or redemption (for example:
restrictions, escrow arrangements)
n/a
Date of issue 15 October 2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Sean Joyce, chair
Contact person for this announcement Sean Joyce
Contact phone number +64 21 865 704
Contact email address sean@corporate-counsel.co.nz
Date of release through MAP

15 October 2021