Investor Presentaiton

Wylie Bay . Background Join Venture with Ocean Grown Abalone 67% (OGA) and Ocean King Fishing (OKF) 33%. • Size 926 Ha (Area 1 - 596 Ha, Area 2 - 326 Ha). Augusta commercial ranch lease 413 Ha. • First seeded October 2017. Performance 12 month assessment completed - encouraging results. • Continue monitoring in 2019 for future expansion opportunities. Key Commercial Terms . . • OGA & OKF - Joint operating arrangements. OGA receives a marketing fee for all JV abalone net sales. OGA receive a Royalty against net sales from the JV for use OGA's IP. Wylie Bay - October 2018. Private & Confidential 11

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