Clean Seas Seafood Limited

Capital/Financing Update • Dec 10, 2023

Clean Seas Confirms Renewal of A$32.15 m Funding Agreement

Clean Seas Confirms Renewal of A$32.15 m Funding Agreement

[ADELAIDE], 11 DECEMBER 2023

Clean Seas Seafood Limited (ASX: CSS, OSE: CSS, Clean Seas) announces that it has renewed its A$32.15 million funding agreement with Commonwealth Bank of Australia, comprising of the following facilities:

Debt Facility Summary A$'000

Senior Debt (Cash Advance Facility) 14,000

Working Capital (Trade Finance Facility) 12,000

Equipment Finance Facility 6,000

Corporate Card Facility 150

Total Debt Facility 32,150

Maintaining these facility limits at A$32.5 million, along with the two-tranche Placement proceeds of ~A$9.5 million announced on 24 November 2023, will provide funding headroom to support working capital and costs related to the previously announced Operational Review.

For further information please contact:

Rob Gratton

CEO

rob.gratton@cleanseas.com.au