Catalano Seafood Limited provided the following update regarding its national expansion. The expansion includes supply agreements with three independent retail groups - Reddrop Group, Lorenz Group's IGA stores and Ryan's IGA Supermarkets group - initially comprising seven stores in suburban Melbourne and regional Victoria. Each group operates multiple supermarkets under various brands.

While the deal with Reddrop Group initially involves a single store in Mansfield, north-east of Melbourne, the Company has the opportunity to secure supply agreements with the Group's 22 stores throughout the State under the FoodWorks, Go To Grocer and IGA brands. Reddrop is Victoria's second-largest independent supermarket operator. The Company also continues its expansion in WA having signed another agreement for its Seafood Management System with independent retailer, SUPA IGA Waterford.

This is the second WA store to feature the unique system, after it was rolled out at Winthrop Gardens IGA earlier this year. Catalano Seafoods, which was founded in the late 1960s and operated as a family business for more than 50 years, completed an Initial Public Offering and listed on the ASX in March this year. The Company is focused on the processing, packaging and supply of seafood products, including responsibly sourced Australian seafood, and has developed solutions for retailers that cater for every stage in the seafood value chain.