[ADELAIDE],  24 NOVEMBER 2023

Highlights: 
o	Clean Seas has successfully completed a ~A$9.5 million non-underwritten
two-tranche placement in conjunction with the undertaking of an operational
review. 
o	The placement will settle in two tranches: ~A$6.7 million on 1 December 2023
and ~$A$2.8 million on 17 January 2024 following an EGM (if approved). 
o	The Company seeks to drive operational efficiencies by offsetting input cost
pressures currently being faced in the global environment and to create a more
stable and resilient business. 
o	Funding will be used for working capital to facilitate the right sizing of the
business operations and to execute on other key focus areas of the operational
review. 
o	Tranche 2 of the placement is subject to shareholder approval. As part of
Tranche 2, Clean Seas' largest shareholder Bonafide Wealth Management, has
subscribed for A$1.0 million and directors & management have committed to
subscribe for a further ~A$0.1 million. 

The full announcement is attached below

Authorised for release by the Board of Clean Seas Seafood Limited. 

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

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange