Clean Seas Seafood Limited

Major Shareholding Notification • Apr 1, 2024

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

	To Company Name/Scheme Clean Seas Seafood Ltd.
ACN/ARSN	094 380 435
1. Details of substantial holder (1)
	IFM Independent Fund Management AG as Trustee for the Bonafide Global Eish Fund
Name	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Best Catches 1
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on	27 / March / 2024
The previous notice was given to the company on	04/December/2023
The previous notice was dated	04/December/2023

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the substantial holder or an associate (2) had a relevant interest (3) in when now required, to give a substantial holding notice to the company or scheme, are as follows:

Previous notice		Present notice
Person's votes	Voting power (5)	Person's votes	Voting power (5)
30 851 605	16.21%	34 ' 555 ' 315	17.16%

3. Changes in relevant interests

Particulars of each change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to fire of an associal in volume of the company of scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	According to the attachment

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder 8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
DEM Independent Fund Management AG as trustee	BNP Paribas Securities Services	BNP Paribas Securities Services	Indirect	19'461'002 fully paid ordinary shares	19'461'002 fully paid ordinary shares

for the Bonafide Global Fish Fund
IFM Independent Fund Management AG as trustee for the Bonafide Investment Fund - Opportunities 1	BNP Paribas Securities Services	BNP Paribas Securities Services	Indirect	15 '094'313 fully paid ordinary	15'094'313 fully paid ordinary

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
IFM Independent Fund Management AG as trustee for Bonafide Global Fish Fund IFM Independent Fund Management AG as trustee for Bonafide Investment Fund - Best Catches 1	Landstrasse 30, 9494 Schaan, Principality of Liechtenstein

Signature

print name	Deny Hoop		capacity Head of Investment Compliance
sign here		date	28/March/2024

DIRECTIONS

• (1) I lf there are a number of substantial holders with similar or related relevant interests (eg. a corporations, or the manager and trustee of an equity trust), the names could be included in an annesure to the form. If the relevant interests of a round persons are essentialy similar, they may be referred to throughout the form. Internet group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) (a) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person grimer full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or (b) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation. Details must be included even if the benefit is conditions in the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• (6) If the substantial holder is unable to determine the identity of the relevant interest arises because of an option) write "unknown".
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

3 Changes in relevant interests attachment

Date of Change	Person whose relevant interest changes	Nature of change	Consideration given in relation to change	Class and number of securities affcted	Person's voted affected	ISIN
19.02.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Best Catches l	Purchase / Corporate Action		AUD 433'420.47 1'605'261 fully paid ordinary shares	1'605'261 fully paid ordinary shares	AU000000CSS3
19.02.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Global Fish Fund	Purchase / Corporate Action		AUD 566'581.23 2'098'449 fully paid ordinary shares	2'098'449 fully paid ordinary shares	AU000000CSS3
13.03.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Opportunities I	Sell		AUD 242'000.00 1'000'000 fully paid ordinary shares	1'000'000 fully paid ordinary shares	AU000000CSS3
13.03.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Best Catches l	Purchase		AUD 242'000.00 1'000'000 fully paid ordinary shares	1'000'000 fully paid ordinary shares	AU000000CSS3
27.03.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Opportunities I	Sell		AUD 187'376.02 720'677 fully paid ordinary shares	720'677 fully paid ordinary shares	AU000000CSS3
27.03.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Global Fish Fund	Purchase		AUD 187'376.02 720'677 fully paid ordinary shares	720'677 fully paid ordinary shares	AU000000CSS3
27.03.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Opportunities I	Sell		NOK 577'893.87 315'789 fully paid ordinary shares	315'789 fully paid ordinary shares	AU000000CSS3
27.03.2024	IFM Independent Fund Management AG as Trustee for the Bonafide Global Fish Fund	Purchase		NOK 577'893.87 315'789 fully paid ordinary shares	315'789 fully paid ordinary shares	AU000000CSS3