Singapore, 25 June 2025, Barramundi Group Ltd. ("the Company") (EURONEXT: BARRA)
- Reference is made to the stock exchange notice dated 28 May 2025 in relation
to the "pre-packaged" scheme of arrangement that the Company has proposed to
enter into with the Scheme Creditors ("Previous Announcement").

Unless otherwise defined, all capitalised terms in this announcement have the
same meaning ascribed to them in the Previous Announcement.


Outcome of Vote Solicitation

On 28 May 2025, the Company formally solicited approval for the proposed Scheme
("Vote Solicitation") from certain creditors of the Company subjected to the
Scheme (the "Scheme Creditors"). The Scheme Creditors were required to cast
their votes and submit their Proof of Debt Forms for the purpose of voting on
and participating in the proposed Scheme by 11 June 2025 ("POD Cut-Off Date").

The Scheme Manager had, on 12 June 2025, completed the adjudication of the Proof
of Debt Forms that were submitted by 11 June 2025. 

Pursuant to Clause 9.16 of the Scheme of Arrangement, the Scheme Creditors were
given 7 business days from 12 June 2025 to dispute the decision or determination
of the Scheme Manager regarding its Claim or the amount of its Approved Claim
for Distribution.

In this regard:

(a)	Of the 10 unsecured Scheme Creditors, 1 unsecured Scheme Creditor did not
submit their Proof of Debt Form and Voting Form to the Scheme Manager by the POD
Cut-Off Date. Accordingly, pursuant to Clause 9.2 / 9.3 of the Scheme of
Arrangement, the Scheme Creditor shall be deemed to have waived their right to
vote on the Scheme and any entitlement to any benefits under the Scheme.

(b)	7 unsecured Scheme Creditors submitted their Proof of Debt Forms by the POD
Cut-Off Date. Of the 7 unsecured Scheme Creditors, 5 unsecured Scheme Creditors
submitted their voting forms and 2 unsecured Scheme Creditors did not submit any
voting form. Accordingly, pursuant to Clause 10.4 of the Scheme of Arrangement,
these Scheme Creditors shall be deemed to have waived their rights to vote on
the Scheme.

(c)	The remaining 2 unsecured Scheme Creditors submitted their Proof of Debt
Forms after the POD Cut-Off Date. Pursuant to Clause 12.2 of the Scheme of
Arrangement, these Proof of Debt Forms will only be considered for the purposes
of receiving distributions under the Scheme, and not for the purposes of voting
on the Scheme.

(d)	No dispute was received.

Please refer to the attachment for a summary of the Vote Solicitation. For the
avoidance of doubt, the Related Party Creditors' votes are wholly discounted.


Scheme Approval Application

In light of the outcome of the Vote Solicitation, the Company wishes to announce
that the Company has, on 25 June 2025, applied to the Court, pursuant to Section
71(1) of the Insolvency, Restructuring and Dissolution Act 2018, for the Court
to make orders approving the Proposed Scheme, and an interim extension of the
Moratorium Order until the hearing of the application. ("Scheme Approval
Application")

The Scheme Approval Application has been sealed by the Court and given the case
number of HC/OA 647/2025. A hearing date for the Scheme Approval Application has
not been fixed.




For further inquiries, please contact:

James Kwan
Chief Executive Officer

Vanessa Tan
Chief Financial Officer

Email: investors@barramundi.com