TRANSFERS BETWEEN ASX AND TSXV

Post admission to the Australian Securities Exchange (ASX), Kincora will have both Chess Depositary Interests (CDIs) trading on the ASX and Shares trading on the TSX Venture Exchange.

Each CDI represents a unit of beneficial interest in an underlying Share. One CDI represents one Share.

CDIs quoted on the ASX are able to be converted to underlying Shares on the TSXV and underlying Shares to CDIs.