BRM undiluted NAV as at 23/8/17 – $0.6478

BRM undiluted NAV as at 23/8/17 - $0.6478 Date 23/8/2017 16/8/2017 BRM undiluted NAV* $0.6478 $0.6475 Share price close $0.59 $0.59 Discount 9% 9% The above undiluted net asset value (NAV) is unaudited and net of fees and tax. The NAV per share is calculated after deducting treasury stock of 271,688 shares (acquired under the Barramundi buyback programme). * The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWD). At 23 August 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 5.30 cents per share have been declared to date and no more dividends are to be declared in the remaining period to 24 November 2017. The five largest portfolio holdings at 23 August 2017 are approximately as follows: Carsales.com 8% SEEK 7% CSL Limited 7% ARB Corporation 4% Link Administration Holdings Ltd 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 Kate Teppett Assistant Corporate Manager Barramundi Limited Tel +64 9 4897074 End CA:00306107 For:BRM Type:MKTUPDTE Time:2017-08-24 15:44:49