Singapore, 14th June 2024 - Barramundi Group Ltd (the "Company") (EURONEXT:
BARRA) announced today that its Brunei subsidiary, Barramundi Group (B) Sdn Bhd
("BGBN") has awarded Malta's AquaBioTech Group ("ABTG") a turnkey contract for
the design, supply, installation, and commissioning of a state-of-the-art RAS
("Recirculating Aquaculture System") broodstock, hatchery and live feed facility
for barramundi (sp. Lates calcarifer). 

The new RAS broodstock and hatchery facility is the second key milestone in the
Company's strategic development plan for its operations in Brunei Darussalam.
This new facility complements BGBN's earlier investment of its
already-operational RAS nursery. 

Upon completion and commissioning of the new facility in the next 18 months, the
Brunei operations will be fully self-sufficient