BRM undiluted NAV as at 15/7/26 - $0.5321

16/07/2026 15:36 NZST, MKTUPDTE

BRM undiluted NAV as at 15/7/26 - $0.5321

Date 15/7/2026 8/7/2026

BRM undiluted NAV $0.5321 $0.5341

Share price close $0.4870 $0.5000

Discount 8% 6%

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 undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWI). At 15 July 2026, 85,179,108 warrants are on issue and may be exercised on 7 August 2026. The final exercise price of each warrant is $0.65.

The five largest portfolio holdings at 15 July 2026 are approximately as follows:

BHP Group 6%

Macquarie Group 6%

WiseTech 6%

Xero 6%

AUB Group 5%

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 or unlisted companies.

Contact

Corporate Manager

Barramundi Limited

Tel +64 9 4840352