Exercise of Barramundi Warrants (BRMWD) – 24 November 2017

24 October 2017

Dear Warrant Holder,

EXERCISE OF BARRAMUNDI WARRANTS (BRMWD) – 24 November 2017

The final exercise price of Barramundi warrants is $0.58.

At the time of writing, the current share price is the same as the Exercise Price. Any warrant holders needing help in
deciding what to do, should speak with their financial adviser or broker.

As the BRMWD warrant exercise date of 24 November 2017 is approaching, you have the following choices with
your warrants:
 You can elect to exercise some or all of your warrants (subject to a minimum of 500 warrants) on
24 November 2017 at the final Exercise Price.
 You can seek to sell or transfer your warrant on the NZX Main Board until 5:00pm on 22 November 2017.
 You can elect to not exercise any warrants on 24 November 2017 and allow the warrants to lapse.

Any warrants not exercised by 5:00pm on 24 November 2017 will lapse and all rights relating to the warrants will
expire.

What do I do if I wish to exercise my warrants?
If you wish to exercise some or all of your warrants (subject to a minimum exercise of 500 warrants), you should:
 complete the Exercise Form in accordance with the instructions set out on that form;
 pay the Exercise Price required to be paid in accordance with the payment instructions set out below; and
 return your completed Exercise Form and your payment to the Registrar, or any NZX Firm, in sufficient time for
the documents to be forwarded to and received by the Registrar no later than 5:00pm on 24 November 2017.

Payment Options
 Payment must be made in full by paying the Exercise Price of $0.58 per warrant that you wish to exercise.
 Payment is to be made in New Zealand dollars by direct credit, cheque or by such other method of payment as
agreed as acceptable to Barramundi.
 If there is a discrepancy between the amount of application monies (by way of direct credit or cheque) and the
number of warrants being exercised as indicated on your Exercise Form, Barramundi will treat the application
as being for the number of warrants being exercised as the application monies will pay for.

Direct credit Payment can be made by direct credit to the Barramundi Ltd Warrant Account. Please include
your CSN number as the deposit reference. If paying by direct credit you may email your
completed Exercise Form to barramundi@computershare.co.nz

Payment should be made to the following account:

Bank: ASB BANK LIMITED BRANCH: CORPORATE BANKING
Account Number: 12-3244-0004618-01

Barramundi Limited
Phone +64 9 489 7074
Fax +64 9 489 7139
Private Bag 93502 Takapuna
Auckland 0740

Cheque Payment can be made by cheque. Please make cheques out to “Barramundi Limited” and
crossed “Not Transferable”. Please attach your cheque to your completed Exercise Form and
post to:

Computershare Investor Services Limited
159 Hurstmere Road
Takapuna
Private Bag 92119
Auckland 1142
New Zealand

Broker Handling Fee
1. Barramundi has introduced a broker handling fee to cover administration costs incurred by approved
brokers in respect of the exercise of Barramundi warrants.
2. The broker handling fee is to be calculated at 0.4% of the total consideration payable for warrants
exercised by those holders who are identified as clients of an approved broker and will be payable by
Barramundi.
3. Please refer to note 5 of the enclosed exercise form for further details.


Yours sincerely,



Alistair Ryan
Chair
Barramundi Limited

---

(see note on broker handling fee)


BARRAMUNDI LIMITED
WARRANTS EXERCISE FORM FOR 24 NOVEMBER 2017 EXERCISE DATE


Warrant Holder (the Holder) CSN/Holder Number



Number of Warrants Held



Please indicate the number of warrants that you wish to exercise:

$

PAYMENT OPTIONS are by CHEQUE or DIRECT CREDIT Please tick your payment method

Cheque attached OR Direct Credit* PAY TO: Barramundi Limited – Warrants Account
BANK: ASB BANK LIMITED BRANCH: CORPORATE BANKING
ACCOUNT NUMBER: 12-3244-0004618-01


Deposit Reference

Deposit Reference Particulars Date of Payment
(CSN Number) (Name/Alpha)

By completing this form and making the necessary payment the Holder hereby:
(a) elects to exercise the number of warrants indicated above (and if no number has been inserted above, the
number of warrants held for which you have paid the Exercise Price) at $0.58 per warrant and on the terms
set out in the warrant terms announced to the NZX on 8 November 2016 and sent to warrant holders.
(b) agrees to subscribe for a number of shares attributable to the number of warrants exercised; and
(c) as set out on the next page of this exercise form enters into an indemnity in favour of and for Barramundi
Limited.

Any warrants not exercised by 5.00pm on 24 November 2017 (Exercise Date) will lapse and all rights relating to the
warrants will expire.


FOR AN INDIVIDUAL / JOINT/ ATTORNEY FOR A COMPANY / BODY CORPORATE
Signature(s)




Signature(s)








*Payments made by direct credit (funds transfer) must quote the reference shown below to ensure your payment is identifiable
and this completed notice returned to Computershare by the date of your payment or by no later than the due date.
Broker’s Stamp


Advisor’s Code

IF THIS FORM IS SIGNED UNDER POWER OF ATTORNEY, THE ATTORNEY(S) SIGNING MUST SIGN THE FOLLOWING
CERTIFICATE:
CERTIFICATE OF NON-REVOCATION OF POWER OF ATTORNEY

I/we, _________________________________________________________________
[Insert name of Attorney(s) signing]
of ____________________________________________________________________
[Address and Occupation]
HEREBY CERTIFY:
1. THAT by a deed dated the _______day of ______________(the Power of Attorney) the Holder named
and described on the face of this form (the Donor) appointed me his/her/its/their attorney on the terms
and conditions set out in that Power of Attorney.
2. THAT I/we have executed the form printed on the face of this document as attorney under that Power of
Attorney and pursuant to the powers thereby conferred upon me/us.
3. THAT at the date hereof I/we have not received any notice or information of the revocation of that Power
of Attorney by the death (or winding up) of the Donor or otherwise.
Signed at _________________this ______day of_____________ 2017

_______________________________
Signature of Attorney(s)
NOTE: Your signature does not require witnessing

1 INTERPRETATION: In this form references to the Holder in the singular shall include the plural.
2 TO ACCEPT THE OFFER: Complete this form.
3 ON COMPLETION: Place the completed form in the enclosed reply paid envelope and deliver or post it to
Computershare Investor Services Limited, 159 Hurstmere Road, Takapuna, Private Bag 92119, Auckland
1142, New Zealand, as soon as possible, but in any event so as to be received not later than 5.00pm on
Friday 24 November 2017.
If paying by cheque, attach your cheque made payable to Barramundi Limited and crossed “Not
Transferable”.
If paying by direct credit you may email your completed exercise form to barramundi@computershare.co.nz
4 PREVIOUS SALE: If you have sold some or all of your warrants, please pass a copy of this form together
with a copy of the accompanying letter to your share broker or the purchaser(s) of such warrants. If you
have sold some of your warrants, record that fact on this form by amending the number of warrants noted as
being held by you on the face of this form.
5 BROKER HANDLING FEE: Barramundi Limited has introduced a broker handling fee payable to NZX
brokers in respect of the exercise of Barramundi warrants by their clients. If you are a client of an NZX
broker firm, your advisor should contact you about the exercise of warrants if they recommend proceeding
with the action. Your broker may instruct you to complete the “Broker’s stamp” and “Advisor’s code” box on
the reverse side of the form and by doing so you acknowledge that the broker has provided advice and that
they may be paid a broker handling fee. Applications bearing either a broker stamp or handwritten broker
firm name and advisor code will be valid for payment of the handling fee. The broker handling fee, payable
by Barramundi Limited, is calculated at 0.4% of the total consideration payable for warrants exercised by a
client. Computershare will process the warrant exercise forms received from holders, or brokers on behalf of
their clients, as well as record and pay any related fees on behalf of the company. You may not have a
broker or may elect not to use the services of your broker in which case you may send the form directly to
Computershare without a broker stamp, in which case no fee will be payable by Barramundi.
BY THE HOLDER’S COMPLETION OF THIS FORM, THE HOLDER HEREBY DECLARES THAT:
• the Holder is the holder of warrants which it is exercising;
• the Holder has not mortgaged, pledged, transferred, granted a security interest or otherwise dealt with the
warrants and no other person holds any interest in the warrants and they are the property of the Holder
absolutely; and
• the Holder will indemnify Barramundi Limited against any costs, loss or damages arising out of the warrants
being mortgaged, pledged, transferred, subject to a security interest or otherwise dealt with.

WHAT IS A WARRANT?
A warrant is the right, but not the obligation, to purchase a Barramundi ordinary share for the exercise price on the
exercise date. Any warrants not exercised on the exercise date will lapse. The full terms of the warrants are set out
in warrant terms announced to the NZX on 8 November 2016 and sent to warrant holders. If you would like a
replacement copy of the warrant terms please contact our share registrar, Computershare, on 09 488 8777 or email
barramundi@computershare.co.nz.