MURRAY COD AUSTRALIA LIMITED — Capital/Financing Update 2021

Dec 14, 2021

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Murray Cod Australia Ltd

ASX:MCA

ASX ANNOUNCEMENT

15 December 2021

Share Purchase Plan Closure and Results

Murray Cod Australia Ltd (MCA:ASX) (‘ MCA ’ or ‘ the Company ’) advises the results of its share purchase plan (“SPP”), which closed at 5.00pm (AEDT) on 10 December 2021.

The Company has received subscriptions for 4,410,381 shares, totalling approximately $1.48 million. The new SPP shares will be issued at the Institutional Placement price of $0.335 and are expected to be allotted on 17 December 2021. The combined funds raised under the Institutional Placement and SPP total approximately $31.48 million.

The MCA board thanks its Shareholders for their ongoing support.

ABOUT THE COMPANY

Murray Cod Australia is a vertically integrated producer, involved in the breeding, growing and supply of premium “Aquna” branded Murray Cod to domestic and export markets. The production process produces a unique fish with some of the best culinary qualities in the world. Murray Cod Australia uses an innovative farming technique with market-leading bio-security techniques whilst being environmentally friendly and sustainable. The Company has developed a land-based aquaculture model, using dams and irrigation water, allowing control of the breeding, feeding, water conditions and biological inputs throughout the entire lifecycle of the fish. This provides confidence for customers in the quality and sustainability of the produce. The business’ operations are located in the Riverina region of New South Wales, Australia.

For more information contact: Mr. Ross Anderson (Chairman), +61 269 625 470

The release of this announcement was authorised by Ross Anderson, Chairman.

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