Barramundi Limited — Net Asset Value 2023

Apr 27, 2023

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

BRM undiluted NAV as at 26/4/23 - $0.7243

Date	26/4/2023	19/4/2023
BRM undiluted NAV	$0.7243	$0.7182
Share price close	$0.71	$0.71
(Premium) / Discount	2%	1%

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

The NAV per share is calculated after deducting treasury stock (shares acquired under the Barramundi buyback programme) - currently nil. A performance fee payable to the Manager is currently being accrued in the NAV calculation.

• The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWG). At 26 April 2023, 66,682,342 warrants are on issue and may be exercised on 26 May 2023. The final exercise price of each warrant is $0.83.

The five largest portfolio holdings at 26 April 2023 are approximately as follows:

CSL	10%
WiseTech	7%
Carsales.com	6%
AUB Group	5%
Xero	4%

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