BRM – Issue of Securities 22 December 2017

22 December 2017


ISSUE OF SECURITIES

The following information is provided in accordance with Listing Rule 7.12.1

a) Class of Security and ISIN: Ordinary Shares NZBRME0001S2

b) Number of Ordinary Shares issued: 1,349,796

c) Issue Price: $0.5730

d) Payment: Issue of shares under Dividend Reinvestment
Plan. All 1,349,796 shares are issued from treasury stock.


e) Amount paid up: Fully paid up

f) Principal terms: Same terms as those Ordinary Shares
already on issue

g) Percentage of the total Class of
Securities issued after the issue: 0.8233%

h) Reason for the issue: Dividend Reinvestment Plan

i) Specific authority for the issue: Directors resolution and in accordance with Listing
Rule 7.3.10 (e)

j) Terms or details of the issue: The shares rank equally with existing Ordinary
Shares

k) Total number of Securities of the
Class in existence after the issue: 163,954,715 Ordinary Shares (excluding treasury stock
of 720,100)

l) N/A

m) Date of issue: 22 December 2017






___________________
Alistair Ryan – Chairman
Barramundi Limited

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