Greenfern announces opening of Rights Issue

Wednesday 12th October 2022

On 30 September 2022, Greenfern Industries Limited (NZX: GFI ) announced the launch of a 1 for 1.3736 renounceable Rights Issue to raise up to approximately $5,000,000 at an issue price of $0.08 per new share.

GFI is now pleased to invite eligible shareholders to apply to participate in the Rights Issue (including an Oversubscription Facility), which opens today and closes at 5:00pm on 27 October 2022. Applications must be made online at www.shareoffer.co.nz/greenfern.

Further details on the Rights Issue, including key dates, how to apply and the Oversubscription Facility, are set out in the Offer Document.

The following documents accompany this announcement:

• Offer Document

• Investor presentation

• Pro forma Rights Issue open letter, which will be sent to eligible shareholders today

• Pro forma Rights Issue open email, which will be sent to eligible shareholders today

For further information, please contact:

Dan Casey

Managing Director

Mobile 0274202476

Email dan@gfi.nz

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