ADELAIDE],  21 DECEMBER 2021: 

Clean Seas Seafood Limited announces that it has renewed its $32.15 million
funding agreement with Commonwealth Bank of Australia, comprising of the
following facilities:

Debt Facility Summary 	        $'000
Trade Finance Facility	       12,000 
Equipment Finance Facility 	6,000 
Cash Advance Facility 	       14,000 
Corporate Card Facility 	  150 
Total Debt Facility 	       32,150 

These facilities will provide sufficient headroom for working capital and will
fund planned capital investment projects, including those that will deliver
increased production capacity and automation.

Clean Seas CEO Rob Gratton said "These renewed debt facilities will continue to
support Clean Seas for future growth through execution of our strategic plan. We
are very pleased to continue our strong and long-standing banking relationship
with the Commonwealth Bank of Australia."

For further information please contact: 
Rob Gratton 
CEO 
rob.gratton@cleanseas.com.au

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