Clean Seas Seafood Limited

Share Issue/Capital Change • Jan 17, 2024

18 January 2024: ASX Release

Clean Seas Seafood Limited (ASX: CSS, OSE: CSS)

Cleansing Notice

Clean Seas Seafood Limited ACN 094 380 435 (Clean Seas) gives this cleansing notice (Cleansing Notice) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act).

On 24 November 2023, Clean Seas announced a two-tranche institutional placement to raise approximately A\$9.5 million. The first tranche was issued on 4 December 2023, with 24,800,440 million new fully paid ordinary shares in Clean Seas (Tranche 1 Shares) issued to professional and sophisticated investors at A\$0.27 per Tranche 1 Share to raise approximately A\$6.7 million.

On 15 January 2024, Clean Seas held an Extraordinary General Meeting of members to approve the issue of 10,462,960 additional new fully paid ordinary shares in Clean Seas (Tranche 2 Shares) to professional and sophisticated investors, and to certain members of the Board of Directors of Clean Seas, at A\$0.27 per Tranche 2 Share to raise approximately A\$2.8 million. The members of Clean Seas approved the issue of the Tranche 2 Shares, and as such, the Tranche 2 Shares were issued on 18 January 2024.

Clean Seas give the following notice under section 708A(5)(e) of the Corporations Act:

• 1. The Tranche 2 Shares were issued without disclosure to investors under Part 6D.2 of the CorporationsAct.
• 1. As a disclosing entity, Clean Seas is subject to regular reporting and disclosure obligations.
• 1. As at the date of this Cleansing Notice, Clean Seas has complied with:
  2. (a) the provisions of Chapter 2M of the Corporations Act as they apply to Clean Seas; and
  3. (b) section 674 of the Corporations Act, as it applies to Clean Seas.
• 1. As at the date of this Cleansing Notice, there is no information that is 'excluded information' of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.

This Cleansing Notice has been authorised for lodgement with ASX by the Board of Directors of Clean Seas.

For further information, please contact:

Rob Gratton	Andrew Angus
CEO	Investor Relations
rob.gratton@cleanseas.com.au	andrewangus@overlandadvisers.com.au
+61 434 148 979	+61 402 823 757

Announcement Summary

Entity name

CLEAN SEAS SEAFOOD LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday January 18, 2024

The +securities to be quoted are:

& +Securities issued as part of a transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security code	Security description	Number of +securities to	be quoted Issue date
ટડક	ORDINARY FULLY PAID		10,462,960 18/01/2024

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

CLEAN SEAS SEAFOOD LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 61094380435

1.3 ASX issuer code css

1.4 The announcement is

& New announcement

1.5 Date of this announcement

18/1/2024

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

& +Securities issued as part of a transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
24-Nov-2023 10:04	New - Proposed issue of securities - CSS	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

ଙ୍କ No

• • -- ! "

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?((+) 12.) @A@BCB

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O+LF), 0I '()*+,-.-)( G)H1	O+LF), 0I G0H1),(	P0.2H 4),)3.2K) 0I '()+,-.-)( G)H1 < ! Q RCS RCTCC
@ @QCCC		S
@QCC@ RQCCC		S
RQCC@ @CQCCC		S
@CQCC@ @CCQCCC		S
@CCQCC@		S

Issue details

Number of +securities to be quoted 10.462.960
Are the +securities being issued for a cash consideration? � Yes
In what currency is the cash consideration being paid? What is the issue price per +security?
AUD - Australian Dollar	AUD 0.27000000
Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of +securities on issue
CSS : ORDINARY FULLY PAID	201,313,281

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description

Total number of +securities on issue

CSSAA : SHARE RIGHTS

5,472,627