Barramundi Limited — Share Issue/Capital Change 2021

Nov 2, 2021

Capital Change Notice

BRM – Notice of issue of securities

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	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information
	Name of issuer									Barramundi Limited
	NZX ticker code									BRM
	Class of financial product									Ordinary shares
	ISIN (If unknown, check on NZX website)									NZBRME0001S2
	Currency									NZD
	Section 2: Capital change details
	Number issued/~~a~~			~~cuired~~	~~/redeemed~~					48,082,491
				~~q~~
	Nominal value (i			f any)						One ordinary share was issued for each BRMWF warrant exercised on or before the exercise date of 29 October 2021, for an exercise price of $0.64 per warrant. On 29 October 2021, the BRM ordinary shares were trading at $1.02 per share.
	Issue	~~/Acuisitio~~		~~/redemption~~price per security						$ 0.64
		~~q~~
	Nature of the payment (for example, cash or other consideration)									Cash
	Amount paid up (if not in full)									Fully paid
	Percentage of total class of Financial Products issued~~/acquired/redeemed/~~(calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence)1									22.36%
	For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date)									One share issued for each BRMWF warrant exercised on or before the exercise date of 29 October 2021, for an exercise price of $0.64 per warrant. 48,082,491 warrants have been converted into 48,082,491 ordinary shares. All new ordinary shares issued upon exercise of the warrants rank equally with all existing BRM ordinary shares on issue.
	price and exercise date)
	Reason for issue			~~/acquisition~~/						Shares issued upon exercise of warrants. Exercise date 29 October 2021.
	issue	/~~acquisition~~
	here)
	Total									263,099,168 (excluding treasury stock of nil)
	issue	/~~acquisition~~		~~/redemption~~
	Treasury Stock after the issue						/~~acuisition~~
							~~q~~
	In the case of an acquisition of							shares, whether those shares are to be		n/a
	held as treasury stock
	Specific authority for the issue,							~~acquisition,~~or		Director resolution
	reference to the rule pursuant to which the issue,
	~~redemption~~is made
	Terms or details of the issue,					~~acquisition~~, or			~~redemption~~(for example:	One ordinary share issued for each BRMWF warrant exercised on or before the exercise date of 29 October 2021, for an exercise price of $0.64 per warrant.
	restrictions, escrow arrangements)
	Date of issue		~~/acuisition~~		/~~redemption~~2					03/11/21
			~~q~~

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Section 3: Authority for this announcement and contact person

Section 3: Authority for this announcement and contact person	Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Wayne Burns
Contact person for this announcement	Wayne Burns
Contact phone number	09 484 0352
Contact email address	wayne@fisherfunds.co.nz
Date of release through MAP	03/11/21