BRM undiluted ex-div NAV as at 3/6/26 - $0.5347

BRM undiluted NAV as at 3/6/26 - $0.5347 (after deducting 1.13cps dividend payable)
Date3/6/202631/5/2026
BRM undiluted NAV$0.5347$0.5330
Share price close$0.5590 $0.5600
(Premium) (5%)(5%)
The five largest portfolio holdings at 3 June 2026 are approximately as follows:
WiseTech7%
BHP Group7%
Xero6%
Macquarie Group6%
CAR Group5%
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 1.13 cents per share dividend to be paid on 26 June 2026. The NAV per
share is also calculated after deducting treasury stock (shares acquired under the Barramundi buyback programme) - currently
nil.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWI). At 3 June 2026, 85,179,108
warrants are on issue and may be exercised on 7 August 2026. The actual exercise price of each warrant is $0.70 less the
dividends per share declared by the company with a record date between 7 August 2025 and the announcement of the 7 August
2026 exercise price. Dividends totalling 5.25 cents per share have been declared to date and there are no more dividends
expected to be declared in the remaining period up to the announcement of the 7 August 2026 exercise price.
The above net asset value (NAV) is unaudited and net of fees and tax.
Barramundi Limited
Phone +64 9 489 7074
Private Bag 93502
Takapuna, Auckland