Announcement

MKTUPDTE: BRM: BRM undiluted ex-div NAV as at 12/6/19 - $0.6921 02:47p.m. 
BRM  
13/06/2019 14:47  
MKTUPDTE  
NOT PRICE SENSITIVE  
REL: 1447 HRS Barramundi Limited  
 
MKTUPDTE: BRM: BRM undiluted ex-div NAV as at 12/6/19 - $0.6921  
 
BRM undiluted NAV as at 12/6/19 - $0.6921 (after deducting 1.31cps dividend  
payable)  
 
Date 12/6/2019 5/6/2019  
BRM undiluted NAV* $0.6921 $0.6843  
Share price close $0.62 $0.61  
Discount 10% 11%  
 
The above net asset value (NAV) is unaudited and net of fees and tax.  
 
The NAV per share is after deducting an accrual for a 1.31 cents per share  
dividend to be paid on 27 June 2019. The NAV per share is also calculated  
after deducting treasury stock of 249,684 shares (acquired under the  
Barramundi buyback programme).  
 
* The undiluted NAV excludes any impact on the NAV of the future exercise of  
warrants (BRMWE). At 12 June 2019, 42,153,796 warrants are on issue and may  
be exercised on 25 October 2019. The actual exercise price of each warrant is  
$0.64 less the dividends per share declared by the company between 1 November  
2018 and 25 October 2019. Dividends totalling 3.98 cents per share have been  
declared to date and one more dividend is expected to be declared in the  
remaining period to 25 October 2019.  
 
The five largest portfolio holdings at 12 June 2019 are approximately as  
follows:  
 
Seek 8%  
Carsales.com 7%  
CSL Limited 7%  
Xero Limited 5%  
Commonwealth Bank 5%  
 
BACKGROUND  
Barramundi is a listed investment company that invests in growing Australian  
companies. The Barramundi portfolio is managed by Fisher Funds, a specialist  
investment manager with a track record of successfully investing in growth  
company shares. The aim of Barramundi is to offer investors competitive  
returns through capital growth and dividends, and access to a diversified  
portfolio of investments through a single tax-efficient investment vehicle.  
Barramundi listed on the NZX Main Board on 26 October 2006 and may invest in  
companies that are listed on an Australian stock exchange or unlisted  
companies.  
 
Contact  
Corporate Manager  
Barramundi Limited  
Tel +64 9 4840352  
End CA:00335981 For:BRM Type:MKTUPDTE Time:2019-06-13 14:47:53