Barramundi : BRM undiluted NAV $0.6754 as at 13/1/16

BRM undiluted NAV $0.6754 as at 13/1/16    
  
Date 13/1/2016 6/1/2016
BRM undiluted NAV * $0.6754 $0.6883
Share price close $0.62  $0.62 
Discount 8% 10%
  
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants
(BRMWC).  At 13 January 2016, 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 4.19
cents per share have been declared to date and one more dividend is 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 calculated after deducting treasury stock (shares acquired under the
Barramundi buyback programme) - currently nil.   

The five largest portfolio holdings at 13 January 2016 are approximately as follows:  
  
Ramsay Health Care 6% 
Dominos Pizza 5% 
Burson Group 4% 
Brambles 4% 
Westpac  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 [phone].