Barramundi Group

Share Issue/Capital Change • Sep 13, 2021

Barramundi Group Ltd. – End of stabilization

Barramundi Group Ltd. – End of stabilization

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Singapore, 13 September 2021: Reference is made to the stock exchange notice issued on 12 August 2021 where Barramundi Group Ltd. (the “Company”) announced the beginning of the stabilization period following a private placement of new shares in the Company (the "Private Placement") and admission to trading of the Company's shares on Euronext Growth Oslo (the "Admission").

DNB Markets, a part of DNB Bank ASA ("DNB Markets”), acting as stabilization manager has informed the Company that the stabilization period has ended. Stabilization activities has been undertaken between 12 August 2021 and 10 September 2021 (the “Stabilization Period”) and comprise a total of 800,000 shares in the Company, purchased at an average price of NOK 14.6894, as further set out in the attached end of stabilization notification.

As a consequence of the stabilization activities taken, DNB Markets has informed the Company that it will not exercise the greenshoe option and shall redeliver the 800,000 shares purchased through stabilization transactions to Barramundi Asia Holdings Pte. Ltd., in accordance with the terms of the share lending agreement between the parties.

DNB Markets, a part of DNB Bank ASA, acted as Global Coordinator and Joint Bookrunner while Pareto Securities AS acted as Joint Bookrunner in the Offering (DNB Markets and Pareto Securities referred to as the "Managers"). Wikborg Rein Advokatfirma AS is acting as Norwegian legal advisor to the Company, while TSMP Law Corporation is acting as Singapore legal advisor to the Company. Advokatfirmaet BAHR AS is acting as Norwegian legal counsel to the Joint Bookrunners.

For further information, please contact:

DNB Markets, a part of DNB Bank ASA

Aksel Thue

Tel: +47 23 26 81 01

This information is subject of the disclosure requirements pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 section 6 (3).