[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 in Australia'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 of A$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 of A$24.6 million, plus an additional A$17.9
million of undrawn facilities to fund major capital works
o	Stocking of new juvenile fish in the new full life-cycle Fitzgerald 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 of Clean Seas Seafood Limited.

For further information, please contact:

Robert Gratton  
Chief Executive Officer
rob.gratton@cleanseas.com.au

Click here for more information

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