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Viking Capital Offer Closes 23 June 2006 at 5:00pm

MEDIA ANNOUNCEMENT

Viking Capital Offer Closes 23 June 2006 at 5:00pm

Viking Capital Limited, the new investment vehicle of Dorchester founder, Brent King, confirmed that its public offer of shares and warrants will close on Friday 23 June 2006 at 5:00pm.

King confirmed that the minimum shareholding requirement as outlined in Viking’s prospectus had been exceeded.

The prospectus offering 60,000,000 ordinary shares and 28,299,999 warrants in Viking Capital was registered on Friday 2 June and the offer opened on Monday 5 June.

Viking Capital’s funds are to be used for investment purposes.

Copies of the registered prospectus for the offer continue to be available from sharebrokers or Viking’s NZAX information portal on the NZAX website at www.nzx.com/market/security_details/by_security?code=VIK&status=prelist.

Application has been made to NZX for permission to list the shares and warrants on the NZAX, and all requirements of NZX relating thereto that can be complied with on or before the date of the prospectus have been complied with. However, NZX does not accept responsibility for any statement in the prospectus.

ENDS

www.vikingcapital.co.nz

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