Murray Cod Australia : Quarterly Activities Report & Appendix 4C

Quarterly Activities Report

ASX CODE: MCA

ASX Announcement

31 July 2017

Murray Cod Australia (ASX:MCA) (the "Company") is pleased to provide the quarterly activities report for the three months ended 30 June 2017, to be read in conjunction with the Appendix 4C.

Sales Report & Growth

The Company is pleased to report that Sales have remained steady over the past quarter with no significant increases forecast until new production dams come online in mid-2018. Marketing strategies and brand development work is being undertaken now to drive increased demand and maintain the position of our product at the premium end of the market.

The growth in fish stock weight has been excellent and in line with the Company's expectations. This seasons dam stockings will be the first from our selected broodstock lines.

New Pond Development

The construction and development of 6 new ponds was completed during the period and construction of novel fish cage systems is now underway. Management is planning to have the cages installed by August 2017 and stock the dams with fingerlings from our nursery in the following month.

Together with the implementation of increased stocking density as previously announced, these new ponds will bring the Company's total expected production capacity to approximately 300 tonnes per annum. The Company continues to assess new sites for pond development and is currently working on three sites for potential future development.

Market Development - Domestic & International

Market development has been strong but is currently limited by availability of saleable stock. We still see strong demand in both Sydney and Melbourne Markets with two different demographics in these markets; with Sydney dominated by high end western restaurants and Melbourne sales predominantly into retail outlets and markets. This is somewhat a function of the distribution chains we are currently using in these two areas, but highlights the versatility of the product into different markets.

Exports are also limited by supply at this point but we are maintaining our monthly shipment to Singapore into the Genting Dream cruise liner.

Currently all sales are "Head on Gut In" fish but we are now starting to get significant enquiry for processed product. The Company is currently researching processing initiatives to be able to service these markets.

Quarterly Activities Report (continued)

Good Food & Wine Show

The Company was represented at the Good Food & Wine Show in Melbourne on 2-4 June and in Sydney on 23 - 25 June 2017, and received extremely positive feedback on the quality of its Murray Cod produce.

Murray Cod with the crew from Masterchef

Leading Australian Chef, Miquel Maestre using Murray Cod in a Paella

Murray Cod Stall at the Good Food & Wine Show

murraycodaustralia.com Quarterly Activities Report (continued)

Attendance at trade shows, as well as other marketing initiatives, are part of the Company's long-term strategy of increasing consumer awareness of the Company's high quality & sustainable produce, and the Murray Cod species generally.

The team at Murray Cod Australia is proud of its achievements since listing on the ASX in January 2017 and we are excited about the future of the Company as Australia's Premium Native Fish supplier.

For further information, please contact: Ross Anderson, Chairman

T: [phone]

About the Company

Murray Cod Australia is a vertically integrated producer for the breeding, growing and supply of premium Murray Cod to domestic and export markets. Murray Cod Australia uses an innovative farming technique with market-leading bio-security techniques while being environmentally friendly and sustainable. The Company has developed a land-based aquaculture model, using dams and irrigation water, which allows it to control the breeding, feeding, water conditions and biological inputs throughout the entire lifecycle of the fish, providing confidence for customers in the quality and sustainability of the produce. The business is located in the Riverina region of NSW.

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Appendix 4C

+Rule 4.7B

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity
Murray Cod Australia Ltd
ABN	Quarter ended ("current quarter")
74 143 928 625	30 June 2017

Consolidated statement of cash flows		Current quarter $A'000	Year to date (12 months) $A'000
1.	Cash flows from operating activities	400	667
1.1	Receipts from customers
1.2	Payments for
research and development,
product manufacturing and operating costs
advertising and marketing,
leased assets,
staff costs,
administration and corporate costs
Total 1.2
1.3	Dividends received (see note 3)	12	44
1.4	Interest received
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Government grants and tax incentives
1.8	Other (exploration and evaluation)
1.9	Net cash from / (used in) operating activities

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

4. businesses (see item 10)

5. investments

6. + See chapter 19 for defined terms

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