ASX : Clean Seas Seafood Limited - New share capital issued

14 May 2021

Clean Seas Seafood Limited - New share capital issued

Reference is made to the announcement released on both the Oslo Stock Exchange
("OSE") and Australian Securities Exchange ("ASX") on 6 May 2021 by Clean Seas
Seafood Limited (the "Company") regarding the completion of an AUD 25 million
placement of new ASX-listed shares ("Shares") (the "Placement").

The first tranche of Shares to be issued in the Placement (the "First Tranche"),
consisting of a total of 14,930,000 Shares ("First Tranche Shares"), have now
been validly and legally issued as fully paid ordinary shares in accordance with
Australian law and the constitution of the Company. The new share capital of the
Company is AUD 221,062,475, divided by 128,819,147 Shares, each with nil par
value. Attached to this notice is an Appendix 2A form lodged with the ASX in
respect of the issuance of the First Tranche Shares. 

Subject to approval of the listing application by OSE, 6,121,031 of the First
Tranche Shares will become listed on Euronext Growth Oslo in the form of
depositary interests that are registered in the Norwegian Central Securities
Depositary ("VPS") (in book-entry form) with each such depositary interest
representing beneficial interests in an underlying Share in the Company.
Registration on the VPS is expected to occur on or around 18 May 2021.

Summary Information

The following disclaimer applies to this announcement and any information
contained in it (the Information). The Information in this announcement is of
general background and does not purport to be complete. It should be read in
conjunction with CSS's other periodic and continuous disclosure announcements
lodged with ASX Limited, which are available at www.asx.com.au. You are advised
to read this disclaimer carefully before reading or making any other use of this
announcement or any Information contained in this announcement. In accepting
this announcement, you agree to be bound by the following terms and conditions
including any modifications to them.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking
statements are based on CSS's expectations and beliefs concerning future events.
Forward looking statements are necessarily subject to risks, uncertainties and
other factors, many of which are outside the control of CSS, which could cause
actual results to differ materially from such statements. CSS makes no
undertaking to subsequently update or revise the forward-looking statements made
in this announcement, to reflect the circumstances or events after the date of
this announcement.

Not an offer in the United States

This announcement has been prepared for publication in Australia and Norway and
may not be released to US wire services or distributed in the United States.
This announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction.  Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold in
the United States except in transactions exempt from, or not subject to,
registration under the US Securities Act and applicable US state securities
laws.

About Clean Seas Seafood Limited (ASX:CSS)

Clean Seas Seafood is a fully integrated Australian Aquaculture business listed
on the Australian Securities Exchange (ASX).

Clean Seas is the global leader in full cycle breeding, farming, processing and
marketing of its Hiramasa or Yellowtail Kingfish (Seriola lalandi) and is
renowned amongst leading chefs and restaurants around the world for its
exceptional quality.

Clean Seas is recognised for innovation in its sustainable Yellowtail Kingfish
farming and has become the largest producer of aquaculture Yellowtail Kingfish
outside Japan.

Clean Seas is headquartered at its processing facility in Royal Park in
Adelaide, South Australia while its hatchery is at Arno Bay and its fish farms
are at Port Lincoln, both on the Eyre Peninsula of South Australia.

For further information on Clean Seas Seafood, please contact:

Rob Gratton	
CEO	
[e-mail]	
[phone]	

Andrew Angus
Investor Relations
[e-mail]
[phone]

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange