MURRAY COD AUSTRALIA LIMITED — Capital/Financing Update 2020

Apr 29, 2020

==> picture [114 x 134] intentionally omitted <==

Murray Cod Australia Ltd

ASX:MCA

ASX ANNOUNCEMENT

30 April 2020

Settlement of Acquisition of Murray Cod Hatchery

Murray Cod Australia Limited (ASX:MCA) (the “Company”) is pleased to announce that it has settled the acquisition of the fully operational and staffed Murray Cod hatchery & property located in Euberta, New South Wales, as previously detailed in the ASX announcement dated 18 March 2020.

The acquired assets comprised:-

• the entire issued capital of Murray Darling Fisheries Pty Ltd; which owns the MDF hatchery and associated plant & equipment;

• farming property situated in Euberta NSW of 75 acres; and

• the water rights of 600 ML.

This acquisition increases MCA’s fingerling production capacity by a factor of 2.5 times and is expected to add to the Company’s profitability through the sales of fingerlings and larvae to NSW, Victoria and South Australian governments for their re-stocking programs.

ENDS

This announcement was authorised for release by Ross Anderson, Executive Chairman.

For more information contact: Ross Anderson Chairman +61 269 625 470

Murray Cod Australia Ltd ABN 74 928 625 Level 1, 153 Yambil Street Griffith NSW Australia 2680

Ph +61 269 625 470 www.aquna.com