NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of Global Seafood Australia Limited will be held on Friday 14 November 2003 at the company's head office at 30 Manton Street, Morningside, Queensland commencing at 3:00pm.

Global Seafood Australia Limited ACN 084 370 669

ORDINARY BUSINESS

• 1. To receive, consider and adopt the Annual Financial Report, Directors' Reports and the Auditor's Report for the year ended 30 June 2003.
• 1. Confirm appointment of Director in accordance with Section 201H (3) of the Corporations Act. To consider, and if felt appropriate, confirm the appointment of Mr Allen Wu as a Director of the company, made at a meeting of Directors on 21 February 2003, in accordance with Section 201H (3) of the Corporations Act.
• 1. Election of Director Mr David Hooker retires in accordance with the constitution and being eligible offers himself for re-election.
• 1. To transact any ordinary business which may be lawfully brought forward.

PROXIES

A member who is entitled to attend and cast a vote at a general meeting of the company may appoint not more than two other persons as that member's proxy or proxies to attend and vote at the meeting on that member's behalf:

• If a member appoints one proxy, that proxy may vote on a show of hands;
• If a member appoints two proxies neither proxy may vote on a show of hands; and
• A proxy may demand or join in demanding a poll. ٠

A natural person may appoint one or two proxies by a written appointment signed by the appointer or the appointer's attorney duly authorised in writing.

A corporation may appoint one or two proxies by a written appointment under the appointer's common seal, or signed by a Director, secretary or attorney of the appointer.

A proxy need not be a member.

An appointment of a proxy must be in a form approved by the Directors.

Proxy forms and, if applicable, the powers of attorney (or certified copies of the power of attorney) under which they are signed must be lodged no later than 48 hours before the meeting, at the company's registered office via:

Post C/O Douglas Heck & Burrell Registry GPO Box 35, Brisbane QLD 4001

Facsimile (07) 3221 3149

A form of proxy is provided with this notice.

CORPORATE REPRESENTATIVES

Any member which is a body corporate may appoint an individual as its representative in relation to meetings of the members or otherwise as permitted by the Corporations Law. The Chairperson of a general meeting may permit a person claiming to be a representative to exercise his or her powers even if he or she has not produced a certificate evidencing his or her appointment. The appointment of a representative may set out restrictions on the representative's powers.

DETERMINATION OF ENTITLEMENT TO ATTEND AND VOTE

It has been determined pursuant to section 1109N of the Corporations Law that all quoted securities of the company shall, for the purposes of the Annual General Meeting, be taken to be held by those persons who hold them as at 3:00pm on Wednesday 12 November 2003.

By order of the Board

Whealer

W D Hooker Director Brisbane, October 2003

ANNUAL GENERAL MEETING PROXY FORM

The Secretary Global Seafood Australia Limited C/O Douglas Heck & Burrell Registry GPO Box 35, Brisbane QLD 4001

being a member(s) of Global Seafood Australia Limited appoint:

Name of Proxy

Address of Proxy

or, in his/her absence:

Name of Proxy

Address of Proxy

or, in his/her absence, the Chairperson of the meeting as my/our proxy to vote on my/our behalf at the Annual General Meeting of Global Seafood Australia Limited to be held on Friday 14 November 2003 at 3:00pm and at any adjournment of that meeting.

If two proxies are being appointed, complete the following sentence:

PROXY INSTRUCTIONS

To instruct your proxy how to vote, insert 'X' in the appropriate column against each item of business set out below. If you do not instruct your proxy how to vote on a resolution, your proxy may vote as he or she thinks fit or abstain from voting.

I/We instruct my/our proxy to vote as follows:

ANNUAL GENERAL MEETING

This proxy must be signed by each appointing member or the member's attorney. Proxies given by companies must be executed in accordance with Section 127 of the Corporations Law or signed by an authorised officer or attorney.

Dated:

This proxy and any power of attorney or other authority under which it is signed (or a certified copy) must be lodged at the company's Share Registry - Douglas Heck & Burrell, GPO Box 35, Brisbane, Queensland 4001, or by facsimile on (07) 3221 3149 no later than 3:00pm on Wednesday 12 November 2003, being no later than 48 hours before the meeting.

Notes:

• 1. A member who is entitled to vote may appoint: (a) one proxy if the member is only entitled to one vote; or (b) one or two proxies if the member is entitled to more than one vote.
• 1. Where the member appoints two proxies, the appointment may specify the proportion or number of votes that each proxy may exercise. If the appointment does not specify a proportion or number each proxy may exercise half of the votes in which case any fraction of votes will be disregarded.
• 1. If you require an additional proxy form, the company will supply it on request.
• 1. A proxy need not be a member of the company.
• 1. If you mark the abstain box for a particular item of business you are directing your proxy not to vote on your behalf for a show of hands or on a poll and your vote will not be counted when determining the required majority on a poll.