Adjustment to warrant exercise price
31 March 2010
NZX Market Announcement WIDESPREAD PORTFOLIOS SHARE PURCHASE PLAN: ADJUSTMENT TO WARRANTS (WIDWA) EXERCISE PRICE As previously announced to the market, Widespread Portfolios is offering a share purchase plan to existing shareholders for which the record date was 5pm yesterday. Widespread Portfolios has on issue warrants which are quoted on the NZSX market under the code WIDWA. Under the terms of those warrants, if Widespread Portfolios offers a rights issue of shares to its shareholders, such as the current share purchase plan, the exercise price for the warrants is subject to an adjustment per a formula contained in the warrant terms. As a result of this, with effect from today the exercise price per warrant has been reduced by $0.004 per warrant to $2.982. Accordingly to exercise a warrant, a warrant holder must now pay $2.982 to receive two ordinary shares of Widespread Portfolios. For and on behalf of the Board Widespread Portfolios Limited Chris Castle Managing Director chris@widespread.co.nz
