SEAFARMS GROUP LIMITED — Capital/Financing Update 2016

Oct 5, 2016

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Our Ref: SFG ASX Announce Cleansing Notice 6 October 2016 (492)

6 October 2016

ANNOUNCEMENT 492

Market Announcements Office Australian Securities Exchange Level 6 20 Bridge Street SYDNEY NSW 2000

By ASX Online Number of pages: 1 (including this page)

ASX ANNOUNCEMENT

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001 (CTH)

This notice is given by Seafarms Group Limited (ACN 009 317 846) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) as modified by the Australian Securities and Investments Commission ( ASIC ).

As previously announced to the ASX on 23 August 2016, the Company confirms that it has today issued 43,892,366 fully paid ordinary shares in the Company at an issue price of $0.09 ( Placement Shares ).

Notice given under section 708A(5)(e) of the Corporations Act as modified by ASIC

As a disclosing entity, the Company is subject to regular reporting and disclosure obligations. As the Placement Shares were issued without disclosure under Part 6D.2 of the Corporations Act, as at the date of this notice, the Company confirms it has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) section 674 of the Corporations Act.

The Company also confirms that, as at the date of this notice, there is no ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Corporations Act that is required to be set out in this notice under section 708A(6)(e) of the Corporations Act.

Yours faithfully

Seafarms Group Limited

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Harley Whitcombe Director and Company Secretary

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