Barramundi Group Ltd: Results of the Subsequent Offering

16 Sep 2025 16:10 CEST

Reference is made to the stock exchange announcements published by Barramundi
Group Ltd. (the “Company”) on 5 September 2025 and 12 September 2025 regarding
the Subsequent Offering of new shares in the Company (the “Offer Shares”).
Reference is further made to the stock exchange announcement published on 15
September 2025 pertaining to the Private Placement and the signing of the Share
Subscription Agreement.

The subscription period for the Subsequent Offering expired on 12 September 2025
at 16:30 CEST. A total of 5,859,885 Offer Shares have been allocated to eligible
shareholders in accordance with the allocation criteria set out in the
subscription materials.

Gross proceeds from the Subsequent Offering amount to approximately NOK 1.35
million.

Notifications of allocated Offer Shares and the corresponding subscription
amount to be paid by each subscriber have been distributed. Payment for the
allocated Offer Shares falls due on 18 September 2025, and delivery of the Offer
Shares is expected to take place on or about 29 September 2025 through delivery
to the subscribers’ VPS accounts.

Following completion of the Private Placement and the Subsequent Offering, the
Company’s share capital will be increased by SGD 3.9 million (inclusive of a
debt to equity conversion) through the issuance of 135,032,761 new shares, each
with a nominal value of SGD 0.90 / NOK 6.90 (approximate), resulting in a new
total share capital of SGD 157.88 million / NOK 1.211 billion (approximate)
divided into 175,402,744 shares.



DISCLOSURE REQUIREMENTS
This information is subject to the disclosure requirements in Euronext Growth
Oslo Rule Book II section 3.10 (1), Regulation (EU) No 596/2014 (MAR) article 19
and section 5-12 of the Norwegian Securities Trading Act.




For further inquiries, please contact:

James Kwan
Chief Executive Officer

Vanessa Tan
Chief Financial Officer

Email: investors@barramundi.com

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