BRM – Issue of Securities – 19 December 2019

19 December 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: 1,595,900

Issue Price: $0.6660

Nature of payment: Consideration satisfied pursuant to the Dividend
Reinvestment Plan.
944,889 shares are issued from treasury stock and
651,011 by way of new shares issued.

Amount paid up: Fully paid


Percentage of the total class of
securities issued after the issue: 0.7776%

Principal terms: Ordinary shares having the same rights and ranking
equally with the existing ordinary shares.


Reason for the issue: Issue of ordinary shares pursuant to the terms of the
Dividend Reinvestment Plan.

Total number of securities of the
class in existence after the issue: 205,227,572 ordinary shares (excluding treasury stock
of nil)

Treasury stock: Not applicable


Specific authority for the issue: Directors resolution and in accordance with Listing
Rule 4.8.1

Terms or details of the issue: Ordinary shares having the same rights and ranking
equally with the existing ordinary shares.

Date of issue: 19 December 2019



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

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: 19 December 2019