19 February 2025


Clean Seas Seafood Limited ("Clean Seas", ASX: CSS, "the Company") advises that
it has received a non-binding, indicative and incomplete proposal from Yumbah
Aquaculture Ltd ("Yumbah") to merge with CSS through the acquisition of 100% of
CSS shares by way of a scheme of arrangement ("Scheme") offering $0.14 cash per
share with a scrip alternative in Yumbah ("Proposal").

About Yumbah
Yumbah is an Australian-owned vertically integrated investment grade shellfish
aquaculture portfolio with operations in South Australia, Victoria, Tasmania and
New South Wales. The company delivers premium produce from spat through to
harvested products, supplying farmers, wholesalers and retailers with
sustainably farmed shellfish.
Yumbah is the largest producer of abalone in the Southern Hemisphere,
specialising in onshore production of this prized shellfish. In addition, the
Group produces oysters, mussels, aquafeed and oyster spat. For more information,
visit: www.yumbah.com

Anthony Hall is a director and the largest shareholder of Yumbah with a ~53.6%1
ownership and is Clean Seas' largest shareholder with a current ownership of
~22.6%. CSS director Gary Higgins also serves as a director and Chairman of
Yumbah.

Details of the Proposal
Under the terms of the Proposal, CSS shareholders will, as the default
consideration, receive total cash consideration of
$0.14 per share ("Cash Consideration"). As an alternative to the Cash
Consideration, eligible CSS shareholders may elect to receive Yumbah scrip. CSS
shareholders who elect to receive scrip will have ongoing economic exposure to
the merged Clean Seas and Yumbah business. The exact CSS to Yumbah share ratio
(for the scrip alternative) will be determined at a later stage, subject to the
relative value of Yumbah scrip.
The Proposal's Cash Consideration of $0.14 per share represents a premium of:
o	52.2% to the closing price of $0.092 on 18 February 2025 (being the last
trading day prior to this announcement)