BRM undiluted ex-div NAV as at 2/12/20 – $0.7750

BRM undiluted NAV as at 2/12/20 - $0.7750 (after deducting 1.45cps dividend payable)
Date2/12/202030/11/2020
BRM undiluted NAV$0.7750$0.7846
Share price close$0.95 $0.98
(Premium) (23%)(25%)
The five largest portfolio holdings at 2 December 2020 are approximately as follows:
CSL8%
Seek6%
Wisetech6%
Xero6%
Commonwealth Bank5%
BACKGROUND
Contact
Corporate Manager
Barramundi Limited
Tel +64 9 4840352
BarramundiisalistedinvestmentcompanythatinvestsingrowingAustraliancompanies.TheBarramundiportfolioismanaged
byFisherFunds,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvestingingrowthcompanyshares.The
aimofBarramundiistoofferinvestorscompetitivereturnsthroughcapitalgrowthanddividends,andaccesstoadiversified
portfolioofinvestmentsthroughasingletax-efficientinvestmentvehicle.BarramundilistedontheNZXMainBoardon26
October 2006 and may invest in companies that are listed on an Australian stock exchange or unlisted companies.
The NAV per share is after deducting an accrual for a 1.45 cents per share dividend to be paid on 18 December 2020. The NAV
per share is also calculated after deducting treasury stock (shares acquired under the Barramundi buyback programme) -
currently nil. A performance fee payable to the Manager is currently being accrued in the NAV calculation.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWF). At 2 December 2020,
52,532,918 warrants are on issue and may be exercised on 29 October 2021. The actual exercise price of each warrant is $0.70
less the dividends per share declared by the company between 5 October 2020 and the announcement of the 29 October 2021
exercise price. Dividends totalling 1.45 cents per share have been declared to date and there are three more dividends expected
to be declared in the remaining period up to the announcement of the 29 October 2021 exercise price.
The above net asset value (NAV) is unaudited and net of fees and tax.
Barramundi Limited
Phone +64 9 489 7074
Fax +64 9 489 7139
Private Bag 93502
Takapuna, Auckland