Announcement

MKTUPDTE: BRM: BRM undiluted ex-div NAV as at 11/9/19 - $0.7233 02:36p.m. 
BRM  
12/09/2019 14:36  
MKTUPDTE  
NOT PRICE SENSITIVE  
REL: 1436 HRS Barramundi Limited  
 
MKTUPDTE: BRM: BRM undiluted ex-div NAV as at 11/9/19 - $0.7233  
 
BRM undiluted NAV as at 11/9/19 - $0.7233 (after deducting 1.39cps dividend  
payable)  
 
Date 11/9/2019 4/9/2019  
BRM undiluted NAV* $0.7233 $0.7297  
Share price close $0.63 $0.63  
Discount 13% 14%  
 
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 1.39 cents per share  
dividend to be paid on 26 September 2019. The NAV per share is also  
calculated after deducting treasury stock of 158,210 shares (acquired under  
the Barramundi buyback programme).  
 
* The undiluted NAV excludes any impact on the NAV of the future exercise of  
warrants (BRMWE). At 11 September 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 5.37 cents per share  
have been declared.  
 
The five largest portfolio holdings at 11 September 2019 are approximately as  
follows:  
 
Seek 7%  
Carsales.com 7%  
CSL 7%  
Xero 5%  
Link Administration Holdings 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:00340827 For:BRM Type:MKTUPDTE Time:2019-09-12 14:36:34  

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