BRM undiluted NAV as at 5/8/26 - $0.5645

BRM undiluted NAV as at 5/8/26 - $0.5645 Date 5/8/2026 31/7/2026 BRM undiluted NAV $0.5645 $0.5404 Share price close $0.4800 $0.4720 Discount 15% 13% The above net asset value (NAV) is unaudited and net of fees and tax. The NAV per share is calculated after deducting treasury stock 837,919 shares (acquired under the Barramundi buyback programme). * The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWI). At 5 August 2026, 85,179,108 warrants are on issue and may be exercised on 7 August 2026. The final exercise price of each warrant is $0.65. The five largest portfolio holdings at 5 August 2026 are approximately as follows: WiseTech 6% BHP Group 6% Xero 6% Macquarie Group 6% ANZ Group 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. Contact Corporate Manager Barramundi Limited Tel +64 9 4840352