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Investor Presentaiton

Sales ✓ FY 2018 Sales 35.8 tonnes increases by 215% compared to FY 2017 11.4 tonnes. . • Sales to Asian markets strong and continuing to increase → target security & reliability of supply. . Sales to Australian markets continue to increase. Hong Kong forward sales to December 2019. . Estimated value USD 1.95 million. • Equivalent to more than 50 tonnes Greenlip Abalone. • Regular live abalone shipments into Sydney/Melbourne Current live abalone capacity 300 Kg per week. ✓ New facility, foundation for capacity potential up to 7,500 Kg per week. ✓ First commercial delivery of live abalone to Hong Kong ✓ Product development. ✓ In Asian Markets sold under Two Oceans Abalone brand. ⚫ focus on developing brand loyalty with end user. Live Abalone - Sydney Fish Markets ✓ Live Abalone. Ramp up production once new facility is completed expected June 2019. Q1 FY2019 -10.4 tonnes. Lower than expectation due to unseasonal weather, resulting in large oceanic swells and sales being deferred. TWOCEANS TWOCEANS AUSTRALIAN Ocean Grown Abalone Private & Confidential 10 10
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