[ADELAIDE],  21 FEBRUARY 2024

Business Update

o	Operational Review on track to deliver "right-sized" business, with sales and
production at circa 3,000 tonnes per annum 
o	Maintained pricing at A$22.53/kg for 1H FY24 versus A$22.44/kg for 1H FY23 and
A$23.02/kg for 2H FY23 in a highly competitive trading environment 
o	Operating profit remained positive despite higher feed costs, but declined
from A$1.04/kg in 1H FY23 to A$0.11/kg in 1H FY24
o	Completed Placement of A$9.5M and renewed A$32.2M bank facility to support
working capital and the Operational Review
o	Biomass reduction complete
o	saving A$11.0M in feed costs over the next 14 months versus growing these fish
to harvest size 
o	resulted in an A$10.1M impairment to biomass inventory and a statutory loss of
A$25.9M 
o	Targeted reduction in fixed and variable operating costs of up to A$5.0M per
annum underway and on track
o	Feed prices easing from record highs, with price reductions in 2H FY24

The full Investor Presentation is attached.

Webcast

The Company will conduct a webcast of its 1H FY24 Results Briefing at 11.00am
AEDT on Wednesday 21 February 2024.

You can participate in the webcast by using the following link: 

Click here to join the meeting 
Meeting ID: 468 171 972 633
Passcode: jAG9Rd

You are advised to log on at least 15 minutes before the webcast is scheduled to
begin.

The webcast will be recorded and be available for viewing on the Clean Seas
website.


For further information please contact: 
Rob Gratton , CEO