BRM – Issue of Securities – 1 November 2019

1 November 2019 Section 1: Issuer information Name of issuer: Barramundi Limited NZX ticker code: BRM Class of financial product and ISIN: Ordinary shares - NZBRME0001S2 Currency NZD Section 2: Capital change details Number of ordinary shares issued: 31,249,518 Issue Price: $0.59 Nature of payment: Cash Amount paid up: Fully paid Percentage of the total class of securities issued after the issue: 15.35% Principal terms: Ordinary shares having the same rights and ranking equally with the existing ordinary shares. (Exercise date: 25 October 2019) Reason for the issue: Shares issued upon the exercise of warrants Total number of securities of the class in existence after the issue: 203,631,672 ordinary shares (excluding treasury stock of 944,889) Treasury stock: Not applicable Specific authority for the issue: The terms of the issue of warrants Terms or details of the issue: Ordinary shares having the same rights and ranking equally with the existing ordinary shares. Date of issue: 1 November 2019 Section 3: Authority for this announcement and contact person Name of person authorized to make this announcement: Wayne Burns Contact person for this announcement: Wayne Burns Contact phone number: 09 4840352 Contact email address: enquire@barramundi.co.nz Date of release through MAP:1 November 2019 CONVERSION OF WARRANTS AT 1 November 2019: The following details are provided for the purposes of listing rule 3.15.2 a) 31,249,518 warrants have been converted into 31,249,518 ordinary shares b) n/a c) 10,904,278 warrants lapsed as they were not exercised on 25 October 2019 End CA:00343635 For:BRM Type:SECISSUE Time:2019-11-01 09:34:33