Kina Asset Management Limited 9 th Annual General Meeting Thursday, - - PowerPoint PPT Presentation

Kina Asset Management Limited

9th Annual General Meeting Thursday, 29th June 2017

Notice to Attendees Welcome to the 9th Annual General Meeting

• 1. Switch off mobile phones or place on silent for the

duration of this meeting

• 2. Take note of emergency exits situated within this room
• 3. In the event of an emergency, please exit the room in an
• rderly manner

Directors/Panel

Sir Rabbie Namaliu, GCL,KCMG,CSM Chairman Sydney Yates, OBE CEO & Managing Director/Company Secretary Deepak Gupta EGM - KFM (Fund Manager) Grant Burns PricewaterhouseCoopers (Auditors) Vincent Bull Allens (Lawyers)

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Proxies Received

Proxies representing

84.79%

Of the Company’s issued shares have been received. Proxies electing Chairman to vote 63.38%

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Procedure for the Meeting

• 1. Chairman’s address
• 2. Business of the meeting which is detailed in the Notice
• f Meeting
• 3. Questions from shareholders
• 4. Refreshments & additional opportunity for shareholders

to ask any further questions.

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Chairman’s Address

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5 Year Performance Summary

7 42.39 49.23 47.23 52.58 57.48 14.9% 21.0% 1.3% 9.0% 14.7% 0.0% 5.0% 10.0% 15.0% 20.0% 0.0 10.0 20.0 30.0 40.0 50.0 60.0 2012 2013 2014 2015 2016 K'm Net Asset (K'm) (LHS) Investment Return (RHS)

Allocation

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Bank South Pacific, 21.9% Other domestic equities, 15.4% Domestic Cash, 2.0% Domestic Fixed Income, 3.2% Offshore Equities, 40.9% Offshore Cash, 16.6%

Bank South Pacific Other domestic equities Domestic Cash Domestic Fixed Income Offshore Equities Offshore Cash

Share Price Discount to NTA

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Dividend History

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FY’16 Dividend of 4 toea 33.3% increase over 2015 26 toea dividend paid per share since inception on K1.00 investment

4.00 4.00 2.00 3.00 4.00

• 2.00

4.00 6.00 2012 2013 2014 2015 2016 Toea Year

Year to Date Update (5 months ending May 2017)

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1.9 3.11 2.49

• 0.14
• 1.36

1.9 5.0 7.5 7.4 6.0

• 2
• 1

1 2 3 4 5 6 7 8 January February March April May % Monthly Performance (%) YTD Performance (%)

YTD Performance Attribution: Valuation gain from BSP, ASX stocks Favourable FX movement

Business

• f the Meeting

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Business

Consideration of Reports

To receive and accept the Financial Statements and the reports

• f the Director and Auditors in respect of the year ended 31

December 2016.

Items for Approval

1. Resolution dealing with re-election of directors by rotation. 2. Appointment of PricewaterhouseCoopers as Auditors

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Items for Approval

Resolution 1

The number of proxies for the resolution approving the re-election of Sir Rabbie as director is:

• FOR:
• OPEN:
• AGAINST:
• ABSTAIN:

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Sir Rabbie Namaliu, who retires by rotation under clause 69 of the Company’s Constitution, and being eligible for re-election, be re- elected as director of the company 40,767,076 10,000

Items for Approval

Resolution 2

Motion that PricewaterhouseCoopers be appointed auditors of the company. The number of proxies for the resolution approving the acceptance of PricewaterhouseCoopers as the Auditors for Kina Asset Management Ltd are:

• FOR:
• OPEN:
• AGAINST:
• ABSTAIN:

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40,767,076 10,000

Q & A

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Thank you for your attendance

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DISCLAIMER The information in this press release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards its accuracy and completeness. No information in this press release shall continue an invitation to invest in Kina Asset management Limited or any of its affiliates. Neither Kina Asset Management Limited, nor their affiliates’ officer, employees or agents shall be liable for any loss, damage or expense arising out of action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.

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