NZX Announcement: Allotment of Shares and Capital Raising Update

Dear Chatham Rock Phosphate shareholder or stakeholder,

This announcement has just been released to NZX.  

Regards,

Chris Castle

Chief Executive Officer

Chatham Rock Phosphate Limited

Email: chris@crpl.co.nz

Cell: +64 21 558 185

Skype: phosphateking

www.rockphosphate.co.nz

25 August 2014

Allotment of Shares and Capital Raising Update

Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that it has today raised NZD$1.22 million in new capital from qualified investors.

CRP also anticipates that it will complete further placements shortly for approximately NZD$1 million in further new capital. As previously announced to the market it is then intended to make an offer to all existing shareholders to give them access to the investment terms currently being offered by CRP.

Shares have today been issued at NZD0.12 per share (or the approximate foreign currency equivalent). In addition, for each share issued, one CRPOB $0.688 option has been issued.

Full particulars of today’s allotment are set out below.

Chris Castle

Chief Executive

Email: chris@crpl.co.nz