Ann: NTA: BRM: BRM undiluted ex-div NAV $0.6575 as at 9/9/15

• Release Date: 10/09/15 15:34
• Summary: NTA: BRM: BRM undiluted ex-div NAV $0.6575 as at 9/9/15
• Price Sensitive: No
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					BRM
10/09/2015 15:34
NTA
NOT PRICE SENSITIVE
REL: 1534 HRS Barramundi Limited

NTA: BRM: BRM undiluted ex-div NAV $0.6575 as at 9/9/15

BRM undiluted NAV $0.6575 as at 9/9/15 (after deducting 1.42cps dividend
payable)

Date 9/9/2015 2/9/2015
BRM undiluted NAV * $0.6575 $0.6657
Share price close $0.65  $0.65
Discount 1% 2%

* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (BRMWC).  At 9 September 2015, 31,412,092 warrants are on issue and
may be exercised on 6 May 2016. The actual exercise price of each warrant is
$0.68 less the dividends per share declared by the company between 4 June
2015 and 6 May 2016. Dividends totalling 2.84 cents per share have been
declared to date and two more dividends are expected to be declared in the
remaining period to 6 May 2016.

The above net asset value (NAV) is unaudited and net of fees and tax.

The NAV per share is after deducting an accrual for a 1.42 cents per share
dividend to be paid on 25 September 2015. The NAV per share is also
calculated after deducting treasury stock (shares acquired under the
Barramundi buyback programme) - currently nil.

The five largest portfolio holdings at 9 September 2015 are approximately as
follows:

Ramsay Health Care 6%
Medibank  4%
ResMed 4%
Veda 4%
Flight Centre 4%

BACKGROUND
Barramundi is a listed investment company that invests in growing Australian
companies. The Barramundi portfolio is managed by Fisher Funds, a specialist
investment manager with a track record of successfully investing in growth
company shares. The aim of Barramundi is to offer investors competitive
returns through capital growth and dividends, and access to a diversified
portfolio of investments through a single tax-efficient investment vehicle.
Barramundi listed on the NZX Main Board on 26 October 2006 and may invest in
companies that are listed on an Australian stock exchange (with a primary
focus on those outside the top 20 at the time of investment) or unlisted
companies.

For further information please contact Barramundi Ltd, ph (09) 489 7074.
End CA:00269949 For:BRM    Type:NTA        Time:2015-09-10 15:34:11