NZX Announcement: Allotment of new ordinary shares

Chatham Rock Phosphate advises that it has issued 238,095 fully paid ordinary shares in aggregate to three contractors of the Company (CRP-OCS Consulting Limited, Robin Falconer Associates Limited and LJ Sanders Consulting Limited), in accordance with their respective contracts for services and at an issue price of $0.189 (Payment Shares). These Payment Shares represent partial payment for services and the issue price reflects the 20 day volume weighted average price of a share in CRP on the NZAX market to 31 December 2014.

Full particulars of the allotments are set out below.

 Chris Castle

Chief Executive