SEAFARMS GROUP LIMITED — Major Shareholding Notification 2021

Jul 7, 2021

seafarms

ASX Announcement | 8 July 2021

Seafarms Group Limited (ASX:SFG)
(SFG Announcement No. 689)

Change of Substantial Shareholder Notices

Seafarms Group Limited provides two changes in substantial shareholdings received from Ian Trahar (and associates) and Nippon Suisan Kaisha Limited.

Approved and authorised for release by Seafarms’ Disclosure Committee.

Ends.

For further information, please contact:

Seafarms Group

Mr Harley Whitcombe
Company Secretary
P: (08) 9216 5200

About Seafarms Group

Seafarms Group Limited (ASX:SFG) is a sustainable aquaculture company, producing the premium Crystal Bay® Prawns and developing the Project Sea Dragon prawn aquaculture project in northern Australia.

Seafarms Group uses environmentally sustainable processes and is currently Australia’s largest producer of farmed prawns, its Crystal Bay® Prawns and Crystal Bay® Tigers are available year round in fresh and frozen formats. To learn more please visit: www.crystalbayprawns.com.au

Seafarms Group is investing in sustainable aquaculture for export through Project Sea Dragon, a large-scale, vertically integrated, land-based, prawn aquaculture project being developed in northern Australia. The standalone marine prawn production system will be capable of annually producing over 150,000 tonnes of prawns and the high-quality, year-round volumes will target export markets. To learn more please visit: www.seafarms.com.au

Seafarms Group Limited (ASX:SFG)
ABN: 50 009 317 846
Level 11, 225 St Georges Terrace
Perth WA 6000 Australia
PO BOX 7312 Cloisters Square
Perth WA 6850 Australia
T +61 8 9216 5200
F +61 8 9216 5199
E info@seafarms.com.au
W seafarms.com.au
Seafarms Group Limited is a corporate authorised representative (“CAR”) (Number 420079)
of CO2 Group Financial Services Pty Ltd (ABN 92 142 542 774 AFSL 388086)

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604 page 1/2 15 July 2001

Form 604
Corporations Act 2001
Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme
Seafarms Group Limited
ACN/ARSN
009 317 846

1. Details of substantial holder(1)

Name
Gabor Holdings Pty Ltd (and associates)
ACN/ARSN (if applicable)
009 143 364

There was a change in the interests of the interests of the substantial holder on 05/07/2021
The previous notice was given to the company on
The previous notice was dated 30/06/2020

1. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests 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 holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	675,871,221	27.90% (Note 1)	675,871,221	24.26% (Note 2)

Note 1: based on issued capital of 2,422,262,301 fully paid ordinary shares
Note 2: based on issued capital of 2,786,020,490 fully paid ordinary shares

1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant 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 follows:

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
N/A

3437-3004-1355v1

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1. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Gabor Holdings Pty Ltd	Gabor Holdings Pty Ltd	The Tricorp Trust	Shares held in trust for the Tricorp trust	ORD 196,685,268	7.06%
Gabor Holdings Pty Ltd	Gabor Holdings Pty Ltd	Gabor Holdings Pty Ltd	Direct shareholding	ORD 21,016,472	0.75%
Zeppelin Pty Ltd	Zeppelin Pty Ltd	Zeppelin Pty Ltd	Direct shareholding	ORD 1,184,628	0.04%
Arlec Australia Pty Ltd	Arlec Australia Pty Ltd	Gabor Holdings Pty Ltd	Shares held in trust for Gabor Holdings Pty Ltd	ORD 795,748	0.03%
Ian Norman Trahar	Ian Norman Trahar	Ian Norman Trahar	Direct shareholding	ORD 1,668,191	0.06%
Gabor Investments Pty Ltd	Gabor Investments Pty Ltd	Gabor Investments Pty Ltd	Direct shareholding	ORD 828,232	0.04%
Avatar Industries Pty Ltd	Avatar Industries Pty Ltd	Avatar Industries Pty Ltd	Direct shareholding	ORD 453,692,682	16.28%

1. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

1. Addresses

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

Name	Address
Gabor Holdings Pty Ltd	PO Box 7312 Cloisters Square Perth WA 6850
Zeppelin Pty Ltd	PO Box 7312 Cloisters Square Perth WA 6850
Arlec Australia Pty Ltd	PO Box 7312 Cloisters Square Perth WA 6850
Ian Norman Trahar	PO Box 7312 Cloisters Square Perth WA 6850
Gabor Investments Pty Ltd	PO Box 7312 Cloisters Square Perth WA 6850
Avatar Industries Pty Ltd	PO Box 7312 Cloisters Square Perth WA 6850

Signature

print name Ian Norman Trahar

sign here

capacity Director

date 08/07/2021

3437-3004-1355v1

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Form 604
Corporations Act 2001 (Act)
Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme
Seafarms Group Limited (SFG)

ACN/ARSN
ACN 009 317 846

1. Details of substantial holder (1)

Name
Nippon Suisan Kaisha Ltd (Nissui)

ACN/ARSN (if applicable)
N/A

There was a change in the interests of the
substantial holder on
05/07/2021

The previous notice was given to the company on
16/04/2021

The previous notice was dated
16/04/2021

1. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests 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 holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	283,230,208	12.68%	283,230,208	10.17%

1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant 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 follows:

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
05/07/2021	Nissui	Dilution of Nissui's relevant interest in SFG due to SFG's issue of new shares pursuant to placement announced on 25 June 2021	n/a	n/a	n/a

1. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Nissui	Nissui	Nissui	Relevant Interest under section 608(1)(a) of the Act	283,230,208 fully paid ordinary shares	283,230,208

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5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

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

Name	Address
Nippon Suisan Kaisha Ltd	Nishi-Shimbashi Square, 1-3-1, Nishi-Shimbashi, Minato-ku, Tokyo 105-8676, Japan

Signature

print name Shingo Hamada

capacity Representative Board Member, President & CEO

sign here Shingo Hamada

date 08 /07/2021

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 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) any relevant agreement or other circumstances 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 agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to 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 all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

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

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