Clean Seas Seafood Limited

Major Shareholding Notification • Nov 7, 2021

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Lo_Company Name/Scheme		Clean Seas Seafood Limited
ACN/ARSN	094 380 435
1. Details of substantial holder(1)
Name		IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Best Catches IFM Independent Fund Management AG as Trustee for the Bonafide Global Fish Fund IFM Independent Fund Management AG as Trustee for the Bonafide Investment Fund - Opportunities I
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on		19 / Oct / 21
The previous notice was given to the company on		30/ Jun / 21

The previous notice was given to the company on The previous notice was dated 29/Jun / 21

2. Previous and present voting power

The total number of votes attaclined to all the company or voting interest in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial hisless in the submit the scheme, are as allosts:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's voles	Voting power (5)
Fully Paid ordinary shares	25'832'071	16.28%	28'800'700	17.42%

3. Changes in relevant interests

Particulars of cath change in , or change interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as fillows:

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
	According to the attachment

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of Registered relevant holder of Interest securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's voles
IFM Independent Fund Management AQ 88 Trustoc for the Bonafide Investment Fund - Bost Catches I Citigraup Pry Limited	Citigroup Pry Limited	Indirect	10'963'041fully paid ordinary shares	10983'041fully paid ordinary shares
IFM Independent Fund Management AQ as Trustee for the Bonafide Giobal Fish Fund. Citigroup Pry Limited	Citigroup Pry Limited	Indirect	15792'517 fully paid ordinary shares	15792517 tully pald ordinary shares
FM Indopendent Fund Management AGJas Trustee for the Bonafide Investment Fund - Opportunities I Citigroup Pry Limited	Citigroup Pry Limited	Indirect	2025 142 fully paid особагу ягентик	2'025'142 fully paid ordinary shares

5. Changes in association

The persons who have become associates (2) of , cased to be associates of, or have changed the rature of their association (8) writt, the substantial holder in relation to vo interests in the company or scheme are as follows:

Nature of association

6. Addresses

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

Name	Address
FM Independant Furnd Management AG as Trustee for the Bonafide Investment Fund . Best Catches Fish Independent Fund Mapagement AG as Trustee for the Bonatide Global Fish Fund FM Independent Fund Management AG as Trustee for the Bonatikle Investment Fund - Opportunities	Landstrasse 30, 9494 Schaan, Principality of Liechtenstein

Signature

print name	Deny Hoop	capacity	Teamleader of Investment Compliance
sign here		date	28 / Oct / 2021

DIRECTIONS

(1) = If there are a number of similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity the names could be included in an annexue to the form. If the relevant in its reactions of the marked and used of outler the may be refered to throughout the form as a specifically named group if the news and addresses of members is needs and in pages is clearly set un in pagagin 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.
• (6) Include details of:
  • (a) (a) any relevant agreement on other circums because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant, and a statement by the person giving full and accurate details of any contract, scheme of arrangement, must accompany this form, together with a written statement of this contract, scheme or arrant; and
  • any qualification of the power of a person to exercise of or influence the exercise of, the voing powers or disposal of the securities to (b) 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 other, that any person from whom a relevant interest was aquired has, or may, becom i entitled to receive in relation. Details must be included even if the benefit is conditional no the happening on not f a contingency. Dealis multi included of any benefit pat on be and in the substant in the bonein in the ocquisitions, even if they are not paid include to the person for whom the relevant interest was acquired.

If the substanial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". (8)

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil
Other forms to be completed	Nil
Additional information
	(a) If additional space is required to complete a question, the information may be included on a separate picce of paper annexed to the form.
	(b) This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.
	(c) The person must give a copy of this notice:
	(i) within 2 business days after they become aware of the information; or
	(ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:
	(A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and
	(B) the person becomes aware of the information during the bid period.
Annexures
	To make any annexure conform to the regulations, you must
	1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides
	2 show the corporation name and ACN or ARBN
	3 number the pages consecutively
	4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied
	5 identify the annexure with a mark such as A, B, C, etc
	6 endorse the annexure with the words: This is annexure (mark) of (number) pages referred to in form (form number and title)
	7 sign and date the annexure The annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.

3 Chanaes in relevant interests attachment

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ISIN	AU000000CSS3	AU0000000CSS3	AU0COCOOCCSS3	AUCOCOOCSS3	SSSSDOCCCCCCCCCTY	AU0000000000553	AUGOCCOOCSS3	AU0000000CSS3	AU000C00C5S3		AU0000000000000
Person's voted affected	248'182 fully paid ordinary shares	192'982 fully paid ordinary shares	502'323 fully paid ordinary shares	315789 fully paid ordinary shares	822'109 fully paid ordinary shares	245'357 fully paid orainary shares	132'794 fully paid ordinary shares	117'262 fully paid ordinary shares	60'427 fully paid ordinary shares	AUD 802.56 1'408 fully paid ordinary 1'408 fully paid ordinary AU000000CSS3 shares	329'996 fully paid ordinary shares
Class and number of securities afficted	248 182 fully paid ordinary shares	NOK 800'875.30 192'982 fully paid ordinary shares	AUD 263'719.58 502'323 fully paid ordinary shares	NOK 1 105 261.50 315'789 fully paid ordinary shares	822'109 fully paid ordinary shares	AUD 137'387.70 245'357 fully paid ordinary shares	AUD 74'363.44 132'794 fully paid ordinary shares	AUD 65'440.97 117'262 fully paid ordinary shares	AUD 34'434.66 60'427 fully paid ordinary shares	shares	AUD 192789.65 329'996 fully paid ordinary shares
in relation to change Consideration given	AUD 127'841.00				AUD 464'491.59
Nature of change	Convertible Bond Conversion	Purchase	Purchase	Purchase	Purchase	Purchase	Purchase	Purchase	Purchase	Purchase	Purchase
Person whose relevant interest changes	Management AG as Trustee for he Bonafide Global Fish Fund IFM Independent Fund	the Bonatide Investment Fund - Management AG as Trustee for IFM Independent Fund	the Bonalide Investment Fund - Management AG as Trustee for FM Independent Fund Best Catches I Best Catches I	Management AG as Trustee for the Bonatice Investment Fund IFM Independent Fund Opportunities I	Management AG as Trustee for the Bonafide Investment Fund - IFM Independent Fund Opportunities	Management AG as Trustee for the Bonafide Investment Fund - FM Independent Fund Opportunities	the Bonafide Investment Fund - Management AG as Trustee for IFM Independent Fund Opportunities I	he Bonafide Investment Fund - Management AG as Trustee for FM Independent Fund Opportunities	the Bonafide Investment Fund - Management AG as Trustee for IFM Independent Fund Opportunities I	the Bonafide investment Fund - Management AG as Trustee for IFM Independent Fund Opportunities	Management AG as Trustee for the Bonatide Investment Fund - IFM Independent Fund Opportunities
Date of Change	07.07.202	02.09.202	02.09.202	30.09.2021	30.09.2021	2.10.2021	13.10.2021	14.10.202	15.10.2021	8.10.202	19.10.282