Clean Seas Seafood Limited

Major Shareholding Notification • Jul 5, 2021

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Clean Seas Seafood Ltd (CSS)
ACN/ARSN	094 380 435
1. Details of substantial holder (1) Name	Regal Funds Management Pty Ltd (RFM)
ACN/ARSN (if applicable)	107 576 821
The holder became a substantial holder on	29/06/2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY	10,569,768	10,569,768	6.66%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
REGAL FUNDS MANAGEMENT PTY LIMITED	REGAL FUNDS MANAGEMENT PTY LIMITED HAS A RELEVANT INTEREST IN ITS CAPACITY AS INVESTMENT MANAGER AND/OR TRUSTEE	10,569,768 ORDINARY

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above 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
CREDIT SUISSE AG	CS THIRD NOMINEES PTY LIMITED	CREDIT SUISSE AG	HOLDER OF SHARES	10,569,768 ORDINARY	10,569,768

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
	See Annexure 1

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
NOT APPLICABLE

7. Addresses

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

Regal Funds Management Regal Funds Management Regal Funds Management Regal Funds Management Regal Funds Management Regal Funds Management Regal Funds Management Regal Funds Management

Name	Address
PHILIP KING	LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW
	2000

Signature

print name	Kenny Ho	capacity	Company Secretary
sign here		date	1/07/2021

Annexure 1

Consideration

Date	Person whose relevant interest changed	Nature of Change	Considerati on given in relation to change	Number of securities affected	Class of securities	Persons votes affected
14/05/2021	Regal Funds Management	Buy	2522557.23	4425539	Ordinary	4425539
29/06/2021	Regal Funds Management	Buy	3783836.13	6638309	Ordinary	6638309

N/A #N/A 0.00 0 Ordinary 0 #N/A #N/A 0.00 0 Ordinary 0 #N/A #N/A 0.00 0 Ordinary 0 #N/A #N/A 0.00 0 Ordinary 0 #N/A #N/A 0.00 0 Ordinary 0 #N/A #N/A 0.00 0 Ordinary 0 #N/A #N/A 0.00 0 Ordinary 0 #N/A #N/A 0.00 0 Ordinary 0

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To_Company Name/Scheme
ACN/ARSN	094 380 435

1. Details of substantial holder (1)

Name	Bonafide Wealth Management AG
ACN/ARSN (if applicable)	ﻌﺐ
There was a change in the interests of the substantial holder on	29 / 06 / 2021

VANARIA III KATILA VI
The previous notice was given to the company on	21 / 05 / 2021
The previous notice was dated	21 / 05 / 2021

2. Previous and present voting power

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

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	19,963,519	15.50% (as of 21/05/2021) 27°665'274		17.44% (as of today)

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 company or 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
29/06/2021	Bonafide Wealth Management AG	Share purchase through tranche 2 of equity raise (total issue of 28'929'650 shs)	A\$4'390'000.35	7'701'755 fully paid ordinary shares	7'701'755 fully paid ordinary shares

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
Bonafide Wealth Management AG	Citigroup Pty Limited	Citigroup Pty Limited	Indirect (see annexure A)	27'665'274 fully paid ordinary shares	, 27'665'274 fully paid ' ordinary shares

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
Bonafide Wealth Management AG	Höfle 30, 9496 Balzers, Principality of Liechtenstein
IFM Independent Fund Management AG as trustee for the Bonafide Global Fish Fund	Landstrasse 30, 9494 Schaan, Principality of Liechtenstein
IFM Independent Fund Management AG as trustee for the Bonafide Investment Fund - Best Catches I	Landstrasse 30, 9494 Schaan, Principality of Liechtenstein
Deep Blue Ventures Holdings SPC DBVF III & IV Segregated Portfolios	30 Floor Harbour Centre, P.O. Box 61, George Town, Grand Cayman KY1-1102, Cayman Islands

Signature

	print name Philipp Hämmerli		capacity Portfolio Manager
sign here		date	01/07/2021

DIRECTIONS

• (1) If 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 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, 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.
• Include details of: (6)
  • 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 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
  • any qualification of the power of a person to 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 all benefits, money and other, that any person from 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 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.
• (8) If the substantial holder is unable to dentity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association since the last substantial holding notice.

This a annexure 1 of 1 pages referred to in form 604.

ANNEXURE TO FORM 604

(see Form 604 page 2/2 DIRECTIONS (1))

Print name	Philipp Hämmerli
Capacity	Portfolio Manager
Date	01/07/2021
sign here