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

Kina Asset Management Limited 9 th Annual General Meeting Thursday, 29 th 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 orderly 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) 3

Proxies Received Proxies representing 84.79% Of the Company’s issued shares have been received. Proxies electing Chairman to vote 63.38% 4

Procedure for the Meeting 1. Chairman’s address 2. Business of the meeting which is detailed in the Notice of Meeting 3. Questions from shareholders 4. Refreshments & additional opportunity for shareholders to ask any further questions. 5

Chairman’s Address 6

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

Allocation Offshore Cash, Bank South 16.6% Pacific, 21.9% Offshore Equities, Other domestic 40.9% equities, 15.4% Domestic Cash, 2.0% Domestic Fixed Income, 3.2% Bank South Pacific Other domestic equities Domestic Cash Domestic Fixed Income Offshore Equities Offshore Cash 8

Share Price Discount to NTA 9

Dividend History 6.00 � FY’16 Dividend of 4 toea 4.00 4.00 4.00 4.00 � 33.3% increase over Toea 2015 3.00 2.00 � 26 toea dividend paid 2.00 per share since inception on K1.00 investment - 2012 2013 2014 2015 2016 Year 10

Year to Date Update (5 months ending May 2017) % 8 7.5 7.4 YTD Performance 7 6 6.0 Attribution: 5 5.0 4 3.11 � Valuation gain 2.49 3 1.9 2 1.9 from BSP, ASX 1 stocks 0 -0.14 -1 -2 -1.36 � Favourable FX January February March April May movement Monthly Performance (%) YTD Performance (%) 11

Business of the Meeting 12

Business Consideration of Reports To receive and accept the Financial Statements and the reports of 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 13

Items for Approval Resolution 1 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 The number of proxies for the resolution approving the re-election of Sir Rabbie as director is: FOR: 40,767,076 • OPEN: 10,000 • 0 AGAINST: • 0 ABSTAIN: • 14

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: 40,767,076 FOR: • 10,000 OPEN: • 0 AGAINST: • 0 ABSTAIN: • 15

Q & A 16

Thank you for your attendance 17

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. 18