[Adelaide ],21 October 2021 :Clean Seas Seafood Limited (ASX: CSS, "Clean Seas" or "the Company") has released its Appendix 4C and Quarterly Activities Report. Highlights: o Strong sales continue, with diversification offsetting the impact of lockdown restrictions in key domestic markets, with prices increasing across key categories o Record YTD sales in FY22 of 1,066t, up 44% on FY21 and 62% ahead of FY20 o National retail program to be launched pre-Christmas inAustralia's largest supermarket chain, Woolworths o All excess frozen inventory has been cleared and the harvest of surplus Year Class 18 and Year Class 19 biomass has been completed o Positive Operating Cash flows (A$2.1 million ) in the quarter for the first time since FY18 as a result of record receipts ofA$14.8 million , combined with cost savings and the benefits of optimising working capital o All outstanding Convertible Notes have been redeemed, and Clean Seas has cash and unused working capital funding ofA$24.6 million , plus an additionalA$17.9 million of undrawn facilities to fund major capital works o Stocking of new juvenile fish in the new full life-cycleFitzgerald Bay (Whyalla) farm site has now commenced. Activating this location has the potential to increase Clean Seas' total production to 10,000t per annum and reflects the Company's confidence in the growth potential of Kingfish globally The Full Announcement is attached. Authorised for release by the Board ofClean Seas Seafood Limited . For further information, please contact:Robert Gratton Chief Executive Officer rob.gratton@cleanseas.com.au
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