Clean Seas Seafood Limited

Major Shareholding Notification • Dec 4, 2023

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 Fish Fund
Name	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Best Catches 1
	IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Opportunities l
ACN/ARSN (it applicable)
There was a change in the interests of the substantial holder on	04/Dec/2023
The previous notice was given to the company on	16/Jan/2023
The previous notice was dated	16/Jan/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 other 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 . 585 . 594	18.49%	30 . 851 . 605	16.21%

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 the outstantial holding notice to 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
TEM Independent Fund	Citigroup Pry Limited	Citigroup Pry Limited	Indirect	16'326'087 fully paid ordinarv	16'326'087 fully paid ordinary

Management AG as trustee for the Bonafide Clobal Fish Fund				shares	shares
TEM Independent Fund Management AG as trustee for the Bonafide Investment Fund - Best Catches 1	Citigroup Pry Limited	Citigroup Pry Limited	Indirect	12'489'052 fully paid ordinary	12'489'052 fully paid ordinary
IFM Independent Fund Management AG as trustee for the Bonafide Investment Fund - Opportunities 1	Citigroup Pry Limited	Citigroup Pry Limited	Indirect	2 . 036 . 466 fully paid ordinary	2'036'466 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 IFM Independent Fund Management AG as trustee for Bonafide Investment Fund - Opportunities l	Landstrasse 30, 9494 Schaan, Principality of Liechtenstein

Signature
print name	Deny Hoop		capacity Head of Investment Compliance
sign here	1071	date	04 /December / 2023

DIRECTIONS

• (1) I there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named 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:
  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving 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
  • (b) any qualification of the power of a person to exercise of, or influence the exercise of, the voting powers or 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 conditional on 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.
• If the substantial holder is unable to determine the identity of the relevant interest arises because of an option) write (8) "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 securities afficted	Class and number of	Person's voted affected SIN
	13.01.2023 IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Best Catches	Purchase	AUD 6'000.00	10'000 fully paid ordinary shares	10'000 fully paid ordinary shares	AU000000CSS3
	26.04.2023 IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund . Best Catches	Purchase		AUD 131 '489.73 250'000 fully paid ordinary shares	250'000 fully paid ordinary shares	AU000000CSS3
	30.06.2023 IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Best Catches	Purchase		AUD 3"005.50 6"011 fully paid ordinary shares	6'011 fully paid ordinary AU000000CSS3 shares
04.12.2023	** new securites issued "24'800'440" / change of number of shares outsfanding **