SEAFARMS GROUP LIMITED — Director's Dealing 2018

Aug 6, 2018

Our Ref: SFG ASX Announce Initial Director's Interest App 3X (573)

7 August 2018

ANNOUNCEMENT 573

Company Announcements Office Australian Securities Exchange Level 6 By ASX Online 20 Bridge Street Number of pages: 7 SYDNEY NSW 2000 (including this page)

Dear Sir

Initial Directors Interests

Seafarms Group Limited (Seafarms) has received the attached Appendix 3X's from incoming director, Mr Hisami Sakai and his alternate director Mr Naoto Sato.

For any queries regarding this announcement please contact Mr Harley Whitcombe (08) 9216 5200.

Yours faithfully Seafarms Group Limited

Harley Whitcombe Company Secretary

ENC

About Seafarms Group

Seafarms Group Limited (ASX: SFG) is an ASX listed holding company with separate subsidiary aquaculture companies., Seafarm Operations Pty Ltd operates aquaculture operations in northern Queensland, producing high‐quality seafood. Seafarms is currently the largest producer of farmed prawns – growing, processing and distributing the well‐known Crystal Bay Prawns™ premium brand.

For further information refer the company's web site: www.seafarms.com.au

Project Sea Dragon

Project Sea Dragon Pty Ltd is developing Australia's largest integrated land‐based prawn aquaculture project in northern Australia designed to produce high quality, year‐round reliable volumes for export markets.

For further information refer the company's web site: www.seafarms.com.au/about‐project‐sea‐dragon/

About Nippon Suisan Kaisha Limited (Nissui)

Nissui was formed in 1911 and has established itself as one of the world's largest producers of seafood. Its Marine Products Business has global access to marine resources, developed expertise in fisheries, fish and prawn farming, marine research and development, extensive processing and production abilities, logistics and international marketing networks.

Nissui is listed on the Tokyo Stock Exchange, constitutes a member of the Nikkei 225 Index and has a market capitalisation of approximately ¥170B (US$1.54B). Nissui employs over 9,000 employees globally (on a consolidated basis). Its total net sales in 2017 (1 April 2017 to 31 March 2018) are estimated at ¥683B (US$6.21B). Nissui's seafood sales are predominately in Japan (and Asia), but also enjoys a significant presence in the US, Europe, New Zealand and Australia.

For more information concerning Nissui please refer to their website – www.nissui.co.jp/english/

Rule 3.19A.1

Appendix 3X

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Seafarms Group Limited
ABN	50 009 317 846

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Hisami Sakai
Date of appointment	7 August 2018

Part 1 - Director's relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

3455-2828-9803v1

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving riseto the relevant interest.Nippon Suisan Kaisha Limited(Nissui)	Number & class of Securities249,877,657 ordinary shares28,396,974 listed options5,320,622 unlisted options
Nissui is the registered holder ofthe Securities. Hisami Sakai is anemployee of Nissui and is Nissui'snominee director of the entity.

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Subscription Agreement;Shareholder Rights Agreement;PSD Supply & Marketing Agreement;Qld Supply & Marketing Agreement;Qld Co Call Option Agreement;Deed of Mortgage of Securities;Qld Sealord Services Agreement; andPSD Sealord Services Agreement,between Nissui (and its related bodies corporate)and SFG (and its related bodies corporate).
Nature of interest	Hisami Sakai is an employee of Nissui which is aparty to each of the contracts listed above and isNissui's nominee director of the entity.
Name of registered holder(if issued securities)	Nippon Suisan Kaisha Limited
No. and class of securities to whichinterest relates	249,877,657 ordinary shares28,396,974 listed options5,320,622 unlisted options

3455-2828-9803v1

+ See chapter 19 for defined terms.

Rule 3.19A.1

Appendix 3X

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Seafarms Group Limited
ABN	50 009 317 846

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director(Alternate forHisami Sakai)	Naoto Sato
Date of appointment	7 August 2018

Part 1 - Director's relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

3455-2828-9803v1

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder &nature of interestNote: Provide details of the circumstances giving riseto the relevant interest.Nippon Suisan Kaisha Limited(Nissui)	Number & class of Securities249,877,657 ordinary shares28,396,974 listed options5,320,622 unlisted options
Nissui is the registered holder ofthe Securities. Naoto Satois anemployee of Nissui and is thealternate director for Mr HisamiSakai, Nissui's nominee director ofthe entity.

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Subscription Agreement;
	Shareholder Rights Agreement;
	PSD Supply & Marketing Agreement;
	Qld Supply & Marketing Agreement;
	Qld Co Call Option Agreement;
	Deed of Mortgage of Securities;
	Qld Sealord Services Agreement; and
	PSD Sealord Services Agreement,
	between Nissui (and its related bodies corporate)
	and SFG (and its related bodies corporate).
Nature of interest	Naoto Satois an employee of Nissui which is a
	party to each of the contracts listed above and is
	the alternate for Mr Hisami Sakai, who is Nissui's
	nominee director of the entity.
Name of registered holder	Nippon Suisan Kaisha Limited
(if issued securities)
No. and class of securities to which	249,877,657 ordinary shares
interest relates	28,396,974 listed options
	5,320,622 unlisted options

3455-2828-9803v1

+ See chapter 19 for defined terms.

3455-2828-9803v1

+ See chapter 19 for defined terms.