Barramundi Limited — Net Asset Value 2018

Mar 30, 2018

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Barramundi Limited Phone +64 9 489 7074 Fax +64 9 489 7139 Private Bag 93502 Takapuna, Auckland

BRM NAV as at 28/3/18 - $0.6488

Date	28/3/2018	21/3/2018
BRM NAV	$0.6488	$0.6684
Share price close	$0.58	$0.59
Discount	11%	12%

The above net asset value (NAV) is unaudited and net of fees and tax.

The NAV per share is also calculated after deducting treasury stock of 1,602,281 shares (acquired under the Barramundi buyback programme). A performance fee payable to the Manager, is currently being accrued in the NAV.

The five largest portfolio holdings at 28 March 2018 are approximately as follows:

CSL Limited	8%
SEEK	7%
Carsales.com	6%
National Australia Bank	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