Ann: MEETING: MLN: Marlin shareholders strongly r

• Release Date: 01/11/12 18:23
• Summary: MEETING: MLN: Marlin shareholders strongly reject shareholder proposal
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MLN
01/11/2012 16:23
MEETING

REL: 1623 HRS Marlin Global Limited

MEETING: MLN: Marlin shareholders strongly reject shareholder proposal

1 November 2012

Marlin shareholders strongly reject shareholder proposal

Marlin shareholders today voted overwhelming against a proposal by competitor
Elevation Capital (Elevation) to wind up the company. Less than 8% of
Marlin's shares on issue voted in favour of the resolution at Marlin's annual
shareholders meeting in Auckland.

The resolution saw the highest number of shares voted in Marlin's history,
indicating that shareholders had strong views regarding Elevation's proposal.
Of the shares voting, a 4 to 1 majority voted against the resolution.

The Elevation proposal was of a non-binding nature. If it had been binding,
it would have required a 75% majority voting in favour.

The Marlin annual shareholders meeting also saw Alistair Ryan (Chairman) and
Carol Campbell elected to the Board and Carmel Fisher re-elected.
Additionally, the meeting saw the introduction of new portfolio manager Roger
Garrett, previously of Legg Mason in London, who presented to the meeting.

Alistair Ryan
Chairman
Marlin Global Limited
End CA:00229227 For:MLN    Type:MEETING    Time:2012-11-01 16:23:17