Clean Seas Seafood Limited

Capital/Financing Update • Dec 10, 2023

ASX & Media Release

11 December 2023

Clean Seas Confirms Renewal of A\$32.15 million Funding Agreement with the Commonwealth Bank of Australia

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 24November 2023, will provide funding headroom to support working capital and costs related to the previously announced Operational Review.

Authorised for release by the Board of Clean Seas Seafood Limited (ASX: CSS).

About Clean Seas

Clean Seas is a fully integrated Australian Aquaculture business listed on the Australian Securities Exchange (ASX) and with a secondary listing on Euronext Growth Oslo (OSE).

Clean Seas is the global leader in full cycle breeding, farming, processing and marketing of its Hiramasa or Yellowtail Kingfish (Seriola lalandi) and is renowned amongst leading chefs and restaurants around the world for its exceptional quality.

Clean Seas is recognised for innovation in its sustainable Yellowtail Kingfish farming and has become the largest producer of aquaculture Yellowtail Kingfish outside of Japan.

For more information, visit www.cleanseas.com.au

For further information on Clean Seas Seafood, 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