NZX Announcement

Dear Chatham Rock Rock Phosphate shareholder,

This announcement was released to NZX a few minutes ago.


Chris Castle

Chatham Rock Phosphate Limited
P.O. Box 231, Takaka 7142
Mobile: +64 21 558 185
Skype: phosphateking

Allotment of Shares and Options

Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today undertaken placements at $0.30 per share and at $0.292 per share.

74,627 ordinary shares were issued at an issue price of $0.30 per share to a qualified investor. This investment is on the terms of the current private capital raising offer announced to the market on 9 September, being:

•         CRP agrees an amount of shares to be subscribed for by an investor in aggregate.

•         Half of the shares are subscribed for at an issue price of $0.30 per share (Tranche One).

•         The investor commits to subscribing for the balance of the shares at $0.35 per share within 2 weeks of the Company being granted a mining licence in respect of its Chatham Rise phosphorites project (Tranche Two).

•         For every two shares subscribed for under Tranche One and Tranche Two, one option (CRPOB) is also allotted to the investor.

Accordingly this represents a $50,000 committed investment with $23,000 paid for the shares allotted today and $27,000 to be paid for Tranche Two.

In addition two contractors of the Company (CRP-OCS Consulting Limited and Robin Falconer Associates Ltd) have each received 51,370 shares under Contracts for Service at $0.292 per share. These shares represent partial payment for services. Pursuant to those contracts for service the issue price of NZ$0.292 per share reflects the 20 day volume weighted average price of a share on the NZAX market to 30 September 2013.

Chris Castle

Chief Executive


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