Allotment of Shares

7th January 2013

Allotment of Shares

Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today issued 350,455 ordinary shares at an issue price $0.33 per share to qualified investors. This has resulted in CRP raising approximately $115,000 in new capital.

In addition two contractors of the Company (Widespread Portfolios Ltd and Robin Falconer Associates Ltd) have received 94,538 shares, in aggregate, under their respective Contracts for Service at NZD$0.357 per share. These shares represent partial payment for services during the October to December quarter. Pursuant to those contracts for service the issue price of NZ$0.357 per share reflects the 20 day volume weighted average price of a share on the NZAX market to 1 January 2013.

Chris Castle

Managing Director

Class of security:                      Ordinary shares

ISIN:                                         NZWENE0003S0

Number issued:                        444,993 ordinary shares

Issue price:                               $0.33 per ordinary share for 350,455 shares

             $0.357 per ordinary share for 94,538 shares

Payment in cash:                      Yes

Fully paid:                                 Yes

Percentage of class:                  0.344%

Purpose of the issue:                 For working capital purposes and for payment of fees

Authority for the issue:              Board resolutions

Date of issue:                             7 January 2013

Total number of securities        129,960,095 ordinary shares

on issue following allotments: