Catalano Seafood Limited provided the following update regarding its supply agreement with Coles Local. Expansion of the Catalano Brand now includes supply to `Coles Local' store in South Perth with anticipated expansion to further locations in the Perth metropolitan area. Coles Local is a subsidiary of Coles Supermarkets in Australia, founded in 2018 as a way of expanding into the popular small format store market.

It has since expanded to 15 sites in Victoria, New South Wales and Queensland. Coles Local focus is to engage with local suppliers and the Company views the relationship as a mutually beneficial collaboration. Additional information in relation to the supply agreements: Significance of the contracts to the Company: The Company has engaged with a well known Australian Supermarket Group which will further enhance the Company's brand equity and increase its distribution network.

Nature of products and services to be supplied under the agreements. The initial supply agreement relates to a fresh seafood range of up to 18 individual product lines. As the relationship and demand grows, the fresh range product will be augmented by frozen and value-added products.

There are no other material conditions relating to the supply agreement for disclosure. Catalano's which was founded in the late 1960s and operated as a family business for more than 50 years, completed an Initial Public Offering and listed on the ASX in March this year. The Company is focused on the packaging and supply of seafood products, including responsibly sourced Australian seafood, and has developed solutions for retailers that cater for every stage in the value chain.