Clearwater Announces Redemption of Senior Notes

January 18, 2021 Clearwater

Clearwater Seafoods Incorporated announced that it has delivered notices of conditional full redemption to the holders of all of the outstanding 6.875% Senior Notes due 2025 in connection with the plan of arrangement by and between 12385104 Canada Inc. and the Company, pursuant to which the Purchaser, a company equally owned by Premium Brands Holdings Corporation and FNC Holdings Limited Partnership, will acquire all of the issued and outstanding shares in the share capital of the Company.

Clearwater Seafoods Incorporated Responds to Market Rumors

In response to market rumors that have come to its attention, Clearwater Seafoods Incorporated stated that the Company continues to advance the strategic review process with its financial advisors to identify, review and evaluate a broad range of potential strategic alternatives available to it with a view to continuing to enhance shareholder value.

Quinsea Fisheries and Clearwater Seafoods Limited Partnership Announces Regulatory Approval for their Joint Venture in St. Anthony Shrimp Plant

Quin-Sea Fisheries Ltd, a division of Royal Greenland and Clearwater Seafoods are pleased to announce the application to transfer the processing license for St. Anthony fish plant has now been approved by the Newfoundland and Labrador Minister of Fisheries, Forestry and Agriculture.