Clean Seas Seafood Limited

Regulatory Filings • May 20, 2021

Clean Seas lists on Euronext Growth

Clean Seas lists on Euronext Growth

ASX & OSE Media Release

Not for release to US wire services or distribution in the United States

20 May 2021

Clean Seas lists on Euronext Growth

Further to the announcement made on 6 May 2021, Clean Seas Seafood Limited today lists on the Euronext Growth market in Oslo with the ticker code “CSS”, offering investors an opportunity to invest in the global leader in full cycle breeding, farming, processing, and marketing of Yellowtail Kingfish, a highly attractive species with strong growth momentum in restaurants and retailers globally. The company is exposed to important megatrends such as consumer nutrition, sustainable protein production, rising incomes, environmental awareness and new sustainable food technologies to reduce carbon footprints.

In a concerted drive to reposition and lower the company’s cost base, the ongoing development of new sales channels and markets is expected to deliver long-term growth that will complement Clean Seas’ existing premium food service business as this segment recovers post COVID-19. Clean Seas will be a strong beneficiary of the vaccine roll out globally.

The Company has prepared an Information Document, solely for use in connection with the listing on Euronext Growth, which is attached hereto.

Clean Seas CEO, Rob Gratton, commented: “Being listed in Oslo and in Australia will make it easier for the largest and most sophisticated seafood investor group in the world, based in Norway, to invest in Clean Seas Seafood and participate in the opportunities we see ahead of us. Clean Seas is well positioned to rebound strongly as the restaurant segment recovers from COVID-19, and as we continue to open new markets and new sales channels with our partnership with Norwegian-based Hofseth International. Leveraging their existing sales relationship gives us a huge option into the growth available from retail and meal kit companies, particularly in the US.

Our premium, Spencer Gulf Hiramasa Kingfish ocean-reared product and established distribution channels and supply chain positions us at the forefront of the global opportunity for our incredible Kingfish species. Also, following this significant capital raise and boost in liquidity, we are now in an excellent position to extend our leading position within the Yellowtail Kingfish category and take advantage of the momentum we are already showing.”

Advisors

SpareBank 1 Markets is acting as lead manager and bookrunner to the Placement and Bell Potter Securities Limited is acting as corporate adviser and broker for Australia and New Zealand) and Hong Kong.

In addition to SpareBank 1 Markets and Bell Potter Securities Limited, Advokatfirmaet CLP DA and HWL Ebsworth Lawyers are acting as Norwegian and Australian legal counsel, respectively, to the Company. Advokatfirmaet SANDS DA is acting as Norwegian legal counsel to SpareBank 1 Markets.

About Clean Seas Seafood Limited (ASX:CSS)

Clean Seas Seafood is a fully integrated Australian Aquaculture business listed on the Australian Securities Exchange (ASX).

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 Japan.

Clean Seas is headquartered at its processing facility in Royal Park in Adelaide, South Australia while its hatchery is at Arno Bay and its fish farms are at Port Lincoln, both on the Eyre Peninsula of South Australia.

The listing on Euronext Growth is a secondary listing, in addition to Clean Seas Seafood’s listing on the Australian stock market, and Clean Seas’ page on Euronext Growth can be found at the following link: https://live.euronext.com/en/product/equities/au000000css3-merk/clean-seas-seafood/css.

A webcast presentation held by CEO Rob Gratton, followed by a questions and answer session, was held 19 May. A recording of the event is available on the following link: https://bit.ly/3fr6KE0

Authorised for release by the Board of Clean Seas Seafood Limited (ASX: CSS). All dollar amounts are in Australian dollars unless otherwise indicated.

For further information on Clean Seas Seafood, please contact:

Rob Gratton

CEO

rob.gratton@cleanseas.com.au

+61 434 148 979

Andrew Angus

Investor Relations

andrewangus@overlandadvisers.com.au

+61 402 823 757