BRM undiluted NAV as at 28/2/17 – $0.6474

BRM undiluted NAV as at 28/2/17 - $0.6474 Date 28/2/2017 22/2/2017 BRM undiluted NAV* $0.6474 $0.6618 Share price close $0.63 $0.63 Discount 3% 5% 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. * The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWD). At 28 February 2017, 36,471,368 warrants are on issue and may be exercised on 24 November 2017. The actual exercise price of each warrant is $0.63 less the dividends per share declared by the company between 21 November 2016 and 24 November 2017. Dividends totalling 2.69 cents per share have been declared to date and two more dividends are expected to be declared in the remaining period to 24 November 2017. The five largest portfolio holdings at 28 February 2017 are approximately as follows: CSL Limited 7% Dominoes Pizza 6% SEEK 6% ResMed 5% National Australia 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. For further information please contact Barramundi Ltd, ph (09) 489 7074. End CA:00297680 For:BRM Type:NTA Time:2017-03-01 16:21:23