Announcement PDF Argo Investments Limited ABN 35 007 519 520 Head Office GPO Box 2692 Adelaide, South Australia 5001 Level 12, 19 Grenfell Street, Adelaide, South Australia 5000 Telephone (08) 8210 9500 Facsimile (08) 8212 1658 Email invest@argoinvestments.com.au 28 March 2018 Sydney Office Level 37, 259 George Street, Sydney, New South Wales 2000 The Manager Company Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000 Telephone (02) 8274 4700 Facsimile (02) 8274 4777 www.argoinvestments.com.au Dear Sir or Madam, 2018 Share Purchase Plan We advise that the price to calculate the number of New Shares to be issued to SPP participants will be $7.86 per New Share. This price has been determined in accordance with the Terms and Conditions of the SPP Offer as the lower of: (a) (b) $7.98; or The volume-weighted average price of Argo Shares traded over the 5 trading days up to and including the Closing Date, rounded down to the nearest cent (calculated to be $7.86). It is expected that the New Shares will be issued on 11 April 2018, or as soon as possible after that date. Argo will apply for the New Shares issued under the SPP to be quoted on the ASX. All New Shares issued under the SPP will rank equally with existing Argo Shares from the date of issue, and carry the same voting rights, dividend rights and other entitlements as existing Argo Shares. The SPP applications will not be subject to scale back. Yours faithfully, ARGO INVESTMENTS LIMITED T.C.A. Binks Chief Operating Officer Page 1 of 1