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SEA HARVEST GROUP LIMITED - Voluntary announcement relating to the acquisition by Mareterram Limited of two mackerel license packages

Release Date: 03/11/2017 10:55
Code(s): SHG     PDF:  
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Voluntary announcement relating to the acquisition by Mareterram Limited of two mackerel license packages

Sea Harvest Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/001066/06)
Share code: SHG         ISIN: ZAE000240198
(“Sea Harvest”)

Voluntary announcement relating to the acquisition by Mareterram Limited of two mackerel
license packages

Sea Harvest’s 56% Australian subsidiary, Mareterram Limited (“Mareterram”), today announced the
entry into the West Australian Spanish mackerel fishing sector with the acquisition of two mackerel
license packages comprised of an established fishing fleet, support vessels and licences.

The diversification into mackerel fishing provides scale and a complementary revenue stream to the
existing prawn, scallop and crab fishing business of Mareterram.

The acquisition price of A$4.95m will be funded through a combination of debt funding and a
conditional placement to qualified institutional and sophisticated investors. Sea Harvest, being the
largest shareholder of Mareterram, has committed to maintaining its 55.89% interest through a
pro rata investment in the placement.

Further details relating to the investment by Mareterram may be found on the Mareterram website
www.mareterram.com.au.


Cape Town
3 November 2017


Investment Bank and Sponsor
The Standard Bank of South Africa Limited

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