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Ridley announces new Aqua-Feed Supply Agreement

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Ridley announces new Aqua-Feed Supply Agreement

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									            Ridley announces new Aqua-Feed Supply Agreement
Melbourne 11 December 2009: Ridley Corporation Limited (Ridley, ASX code RIC)
today announced the signing of a new three year feed supply agreement with Clean Seas
Ltd effective from December 2009. The agreement covers the supply by Ridley
Agriproducts’ Aqua-Feed division of a complete range of winter and summer feeds for
the Clean Seas South Australian kingfish farming operations based at Port Lincoln, Arno
Bay and Whyalla. Ridley has been awarded primary feed supplier status under the new
agreement which replaces the previous three year arrangement which expired in
November.

Specific details of the agreement remain confidential, however the committed volume
under the agreement represents a significant manufacturing tonnage for Ridley and the
majority of Clean Seas’ feed supply requirements. This volume, coupled with the
incremental salmon volumes associated with the new Tassal agreement announced on 25
November 2009, will ensure a substantial throughput at Ridley’s new Inverell facility,
which was recently commissioned in November of this year.

Clean Seas is the largest Australian-based producer of farmed kingfish, and is
consequently a major domestic user of pelleted aqua-feeds. For Clean Seas, the
agreement provides surety of availability and quality of supply for its primary farming
input.

Clean Seas, which has recently completed a successful capital raising, is also a world-
first, global pioneer in the quest to close the life cycle and produce aquaculture-bred
Southern Bluefin Tuna. Ridley, through its strategic technology partnership with Japan’s
Hayashikane Sangyo Co. Ltd., has already developed a biologically and commercially
proven pelleted feed range for this species, whose ocean numbers are dwindling with
alarming rapidity. Ridley continues to work closely with Clean Seas to ensure that a
sustainable tuna feed solution is available to support the full life cycle aqua-culture of this
precious tuna species.
                        RIDLEY CORPORATION LIMITED ABN 33 006 708 765
                              Level 4, 565 Bourke Street, Melbourne VIC 3000
              TELEPHONE 61-3-8624 6500 FACSIMILE 61-3-8624 6505 WEBSITE www.ridley.com.au

								
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