Scheme of Arrangement Becomes Legally Effective

16 July 2025

Scheme of Arrangement Becomes Legally Effective

Further to the announcement made earlier today, Clean Seas Seafood Limited (ASX: CSS, OSE: CSS) (“Clean Seas”, “CSS”, “the Company”) confirms that the office copy of the orders made by the Federal Court of Australia (“Court”) approving the proposed Scheme of Arrangement (“Scheme”) under which all the issued shares in Clean Seas will be acquired by Yumbah Aquaculture Limited (“Yumbah”), lodged yesterday with the Australian Securities and Investment Commission (“ASIC”) pursuant to sub-section 411(10) of the Corporations Act 2001 (Cth), has now been registered by ASIC.
An office copy of the Court orders lodged with ASIC is attached to this announcement.
The Scheme is now legally effective. Quotation of Clean Seas Shares on the OSE has been suspended and quotation on the ASX will be suspended from close of trading today as stipulated in the announcement made earlier today.
Scheme Shareholders will receive the Default Cash Consideration of $0.14 per ordinary share in the capital of Clean Seas unless a Scheme Shareholder (other than Ineligible Shareholders) made a valid Election before the Election Deadline to receive the Yumbah Scrip Alternative of one (1) New Yumbah Share for every 2.8571 Clean Seas Shares held (together, "Scheme Consideration").
Scheme Shareholders will receive the Scheme Consideration on the Implementation Date (expected to be 24 July 2025) in respect of all Clean Seas Shares held as at the Scheme Record Date, being 7:00pm (Adelaide time) on 18 July 2025.
This announcement is authorised by Rob Gratton, Chief Executive Officer.

For further information on Clean Seas Seafood, please contact:

Rob Gratton, CEO
rob.gratton@cleanseas.com.au

+61 434 148 979