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Strong Yellowtail Kingfish Performance for Clean Seas Tuna

19 April 2013

AUSTRALIA - Clean Seas Tuna is experiencing strong ongoing yellowtail kingfish performance. The new season fingerlings introduced in November 2012 continue to perform above expectations and now exceed 1.0kg after five months of their 15?18 month growth cycle.

The graph below shows the recent growth performance.

The fish performance is amongst the best the company has ever achieved, and the company is excited with the quality of the yellowtail fish, including their heath and general appearance.

The new year class of Kingfish fingerlings will be introduced into the sea pens in October 2013 for their final grow out and are expected to return the company to acceptable production tonnages, in line with the revised strategy.

Ongoing hatchery research and development has resolved a long term yellowtail fingerling production issue, which will dramatically improve the cost of production of fingerlings through consistently higher survival rates.

The company is well advanced in re-organising the yellowtail kingfish hatchery to implement the new findings.

Shareholders are reminded that the current Rights Issue offer will close at 5:00pm on Tuesday, 23 April. Shareholders may pay for their entitlements using the BPAY® facility in which case the Entitlement and Acceptance form does not need to be returned. Shareholders and investors also have the opportunity to apply for additional shares under the Shortfall offer. lease refer to the Prospectus that has been sent to shareholders and is available on under Investor Information.

The company looks forward to continued strong performance under the yellowtail breeding and grow-out programme to deliver increased production tonnages in line with the Company’s targets.

TheFishSite News Desk

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