Bki Investment : Share Purchase Plan

Monday 22 May 2017

ASX Announcement

The Manager

Company Announcements ASX Limited

Exchange Centre 20 Bridge Street

Sydney NSW 2000

Dear Sir/Madam,

Office: Level 2, 160 Pitt Street Mall

Sydney NSW 2000

Telephone: [phone]

Facsimile: [phone] Web: www.bkilimited.com.au

ABN: 23 106 719 868

Share Purchase Plan

The Board of Directors of BKI Investment Company Limited (BKI) is pleased to announce details of BKI's 2017 Share Purchase Plan (SPP).

Shareholders on the BKI register as at 7.00pm (AEST) on Friday 19 May 2017 (the Record Date) with a registered address in Australia or New Zealand will be eligible to participate in the SPP.

The purpose of the SPP is to provide BKI with additional funds to increase its investment portfolio and give eligible BKI shareholders the opportunity to subscribe for up to $15,000 worth of new, fully paid, ordinary shares in BKI (SPP Shares), without incurring brokerage or other transaction costs. Eligible shareholders will be offered the opportunity to acquire either: $1,000; $2,500; $5,000; $7,500; $10,000; $12,500; or $15,000 worth of shares. BKI does not propose to seek shareholder approval in relation to the SPP.

The SPP issue price will be the lower of $1.601 or a 1.0% discount to the volume weighted average price of BKI Shares traded on the Australian Securities Exchange over the 5 trading days prior to the day the SPP Shares are issued under the SPP. Therefore, the maximum price that eligible shareholders will pay is $1.60 per SPP Share. BKI will announce the final issue price after close of market on Wednesday 21 June 2017.

All SPP Shares will rank equally with existing ordinary, fully paid BKI Shares (BKI Shares), including being eligible for any final dividend declared by the Company in respect of the 2017 financial year.

RRR

1 Calculated by applying a 1.0% discount to the VWAP of BKI Shares traded on ASX over the 5 trading days up to and including the Record Date (i.e. Monday, 15 May 2017 to Friday, 19 May 2017), rounded to the nearest half cent.

The key dates for the SPP are as follows*:

2

ASX Announcement

22 May 2017

Event	Date
Record Date (7.00pm AEST)	19 May 2017
Announcement of Share Purchase Plan	22 May 2017
Offer Opens & SPP Offer Document Despatch	29 May 2017
Offer Closes (7.00pm AEST)	14 June 2017
Issue Date of new shares	22 June 2017
BKI Results Announcement	19 July 2017

* BKI reserves the right to vary these times and dates in its absolute discretion.

BKI expects to despatch to eligible shareholders a SPP Offer Booklet along with a SPP Application Form on Monday 29 May 2017. However, if you have any questions on the SPP prior to receiving the SPP Offer Booklet, please contact BKI's SPP Information Line on 1800 236 994 (in Australia) or [phone] (outside of Australia) or consult your financial or other professional adviser.

Yours faithfully

Robert Millner

Chairman

IMPORTANT NOTICE

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS

This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (as amended) (US Securities Act) or the securities laws of any state of the United States and may not be offered, sold or otherwise transferred in the United States or to, or for the account of, any U.S. Person (as defined in Regulation S under the US Securities Act) except in accordance with an available exemption from, or a transaction not subject to, the registration requirements under the US Securities Act and any other applicable US state securities laws.