Barramundi pays performance fee

27 July 2018


Barramundi pays performance fee


Barramundi Limited (Barramundi) has paid a performance fee to the Manager, Fisher Funds
Management Limited (Fisher Funds) for the year ended 30 June 2018. The performance fee is paid in
accordance with the terms of the Management Agreement between Barramundi and Fisher Funds.
The performance fee paid to Fisher Funds was $1,937,418 plus GST.

Barramundi’s Manager, Fisher Funds, is eligible for a performance fee because the Barramundi
portfolio achieved a return over and above the performance fee hurdle return for the year to 30
June 2018 (being the change in the NZ 90 Day Bank Bill Index plus 7% and the High Water Mark (the
highest net asset value at the end of the previous financial year in which a performance fee was
paid, adjusted for changes in capital)).

The performance fee is formula-driven with half of the performance fee (exclusive of GST) applied by
the Manager to subscribe for shares in Barramundi at an issue price per share equal to the volume
weighted average price over the last five trading days in the year ended 30 June 2018, with the
balance of the performance fee paid in cash.

The performance fee has been accrued in Barramundi’s net asset value per share which is
announced to NZX each week and at month end.

Ends
Jody Kaye
Corporate Manager
Barramundi Limited
Tel +64 484 0365

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