SFG Change in Substantial Holding

Our Ref: SFG ASX Announce Substantial Shareholder Notice 30-06-17 (524)

30 June 2017

ANNOUNCEMENT 524

Market Announcements Office Australian Securities Exchange

Level 6 By ASX Online

20 Bridge Street Number of pages: 4

SYDNEY NSW 2000 (including this page)

Dear Sir

Following is variation of substantial shareholder notice received today from Gabor Holdings Pty Ltd subsequent to completion of the Share Purchase Plan.

Yours faithfully

Harley Whitcombe Company Secretary

ENC

To Company Name/Scheme Seafarms GroupLimited

ACN/ARSN 009 317 846

1. Details of substantial holder (1)

   Name Gabor Holdings Pty Ltd (and associates)

   ACN (if applicable) 009 143364

   There was a change in the interests of the substantial holder on

   30/06/2017

   The previous notice was given to the company on	9/06/2017
   The previous notice was dated	9/06/2017

2. Previous and present voting power

   The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

   Class of securities (4)	Previous notice		Present notice
   	Person's votes	Voting power (5)	Person's votes	Voting power (5)
   Ordinary Shares	404,974,561	31.91% (Note 1)	411,724,561	30.23% (Note 2)

3. Changes in relevant interests

   Note 1 Based on issued capital of 1,284,682,861 fully paid shares Note 2 Based on issued capital of 1,361,868,033 fully paid shares

   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
   N/a

4. Present relevant interests

   Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

   Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
   Gabor Holdings Pty Ltd	Gabor Holdings Pty Ltd	Gabor Holdings Pty Ltd	Direct shareholding	Ord 217,368,408	15.96%
   Zeppelin Pty Ltd	Zeppelin Pty Ltd	Zeppelin Pty Ltd	Direct shareholding	Ord 1,017,962	0.07%
   Arlec Australia Pty Ltd	Arlec Australia Pty Ltd	Gabor Holdings Pty Ltd	Shares held in trust for Gabor Holdings Pty Ltd	Ord 629,082	0.05%
   Ian Norman Trahar	Ian Norman Trahar	Ian Norman Trahar	Direct shareholding	Ord 1,501,525	0.11%
   Gabor Investments Pty Ltd	Gabor Investments Pty Ltd	Gabor Investments Pty Ltd	Direct shareholding	Ord 661,566	0.05%
   Avatar Industries Pty Ltd	Avatar Industries Pty Ltd	Avatar Industries Pty Ltd	Direct shareholding	Ord 190,546,018	13.99%
   Total	Ord 411,724,561	30.23%

5. Changes in association

   The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN (if applicable)	Nature of association
   N/a

6. Addresses

The addresses of persons named in this form are as follows:

print name Ian Norman Trahar Capacity: Director

date 30/06/2017