Clean Seas Seafood Limited

Earnings Release • Sep 16, 2021

Trading update - 100% growth in sales volumes

Trading update - 100% growth in sales volumes

[Adelaide], 16 September 2021: Clean Seas Seafood Limited (ASX: CSS, “Clean Seas” or “the Company”) has released a Trading Update:

Highlights:

• August YTD sales volumes in FY22 are 772t versus 386t (+100%) in FY21 and 427t in FY20 (+81% vs the pre-pandemic period)

• Sales revenues have grown to A$10.3m, versus A$6.2m in FY21 (+66%) and A$7.5m in FY20 (+37.5% vs the pre-pandemic period)

• Australia includes sales in support of an upcoming retail program in a major supermarket chain

• Lockdowns in NSW and VIC have impacted sales volumes to restaurants, however, the new retail channel has offset this shortfall

• European sales have been exceptionally strong with revenues up 102% on FY21 and 123% ahead of FY20 in that region

• Stocking of new juvenile fish in the new full life-cycle Fitzgerald Bay (Whyalla) farm site has now commenced. Activating this location has the potential to increase Clean Seas’ total production to 10,000t per annum and reflects the Company’s confidence in the growth potential of Kingfish globally

The Full Update and Presentation are attached.

Authorised for release by the Board of Clean Seas Seafood Limited.

For further information, please contact:

Robert Gratton

Chief Executive Officer

rob.gratton@cleanseas.com.au