Clean Seas Seafood Limited

Capital/Financing Update • Jul 28, 2021

Clean Seas Seafood Limited : Early Redemption of Convertible Notes

Clean Seas Seafood Limited : Early Redemption of Convertible Notes

[Adelaide], 28 July 2021: The Directors of Clean Seas Seafood Limited (ASX: CSS) (“Clean Seas” or “the Company”), announce that the Company has today given notice to the holders of the Convertible Notes (ASX:CSSG) that the Company will fully redeem all of the outstanding Convertible Notes on 31 August 2021 (Early Redemption Notice).

The Early Redemption Notice was given in accordance with section 8.1.3(e)(i) of the Company’s prospectus dated 15 October 2019 (Prospectus).

The number of Convertible Notes on issue as at the date of this announcement is 9,144,376.

In accordance with section 8.1.3(e)(i) of the Prospectus, each Convertible Note will be redeemed at its face value (being $1.00 per Convertible Note) plus any unpaid interest.

Authorised for release by the Board of Clean Seas.

For further information, please contact:

:

Rob Gratton

CEO

rob.gratton@cleanseas.com.au