Clean Seas Seafood Limited

M&A Activity • Apr 14, 2025

Amendment to Scheme Implementation Deed

Amendment to Scheme Implementation Deed

15 April 2025 [Adelaide]

Clean Seas Seafood Limited (ASX: CSS) (“Clean Seas”, “CSS”, “the Company”) refers to its announcement dated 31 March 2025 regarding entry into a Scheme Implementation Deed (“SID”) with Yumbah Aquaculture Ltd (“Yumbah”) under which Yumbah will acquire 100% of the shares in CSS by way of scheme of arrangement (“Scheme”).

On 15 April 2025, Clean Seas executed an Amendment and Restatement Deed with Yumbah that has the effect of decreasing the minimum number of Clean Seas shares required for eligible shareholders to receive the Yumbah scrip alternative from 7,857 to 3,570 Clean Seas shares. The Amendment and Restatement Deed is enclosed.

Clean Seas shareholders do not need to take any action at the current time. A Scheme Booklet containing detailed information relating to the Scheme is expected to be distributed to shareholders in May 2025.

This announcement is authorised by the Independent Board Committee of the Company.

For further information on Clean Seas Seafood, please contact:

Rob Gratton

CEO

rob.gratton@cleanseas.com.au

+61 434 148 979