BRM – Issue of Securities 28 November 2017

28 November 2017 ISSUE OF SECURITIES The following information is provided in accordance with Listing Rule 7.12.1 a) Class of security: Ordinary Shares ISIN: NZBRME0007S9 b) Number of ordinary shares issued: 14,832,269 c) Issue Price: $0.58 d) Payment: Cash e) Amount paid up: Fully paid up f) Principal terms: Ordinary shares which rank equally with existing fully paid ordinary shares g) % of the total class of securities issued after the issue (excluding treasury stock): 9.09% h) Reason for the issue: Ordinary shares issued upon the exercise of warrants in accordance with the Barramundi Warrant Terms (Exercise date: 24 November 2017) i) Specific authority for the issue: Board resolution dated 7 November 2016. j) Terms or conditions of the issue: The shares rank equally with existing fully paid ordinary shares k) Total number of ordinary shares in existence after the issue: 163,083,130 (excluding treasury stock of 1,591,685) l) n/a m) Date of issue: 28 November 2017 CONVERSION OF WARRANTS AT 28 November 2017: The following details are provided for the purposes of listing rule 7.12.9 n) 14,832,269 warrants have been converted into 14,832,269 ordinary shares a) n/a b) 21,639,099 warrants lapsed as they were not exercised on 24 November 2017 Corporate Manager Barramundi Limited 09 4840352 End CA:00311052 For:BRM Type:SECISSUE Time:2017-11-28 16:29:17