Sea Harvest Group Limited (JSE:SHG) News - Update On The Acquisition Of The Western Australia Based Fishing Businesses Of MG Kailis Sea Harvest Group Limited (Incorporated in the Republic of South Africa) (Registration number: 2008/001066/06) Share code: SHG ISIN: ZAE000240198 (“Sea Harvest” or the “Company”) UPDATE ON THE ACQUISITION OF THE WESTERN AUSTRALIA BASED FISHING BUSINESSES OF MG KAILIS HOLDINGS PROPRIETARY LIMITED (“MG KAILIS”) Shareholders are advised that, further to the announcement released on SENS on 11 January 2022 relating to the acquisition of the Western Australia based fishing businesses of MG Kailis, all the conditions precedent as set out in that announcement have now either been fulfilled or waived, as the case may be. Accordingly, the transaction is now unconditional and was completed with an effective date of 23 May 2022. Cape Town 24 May 2022 Financial Advisor and Sponsor to Sea Harvest Group The Standard Bank of South Africa Limited Legal Advisor to Sea Harvest Group in Australia Thomson Geer Legal Advisor to MG Kailis Lavan Date: 24-05-2022 08:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.