PRESS RELEASE

Alliance Select sustains long term strategy for growth

Manila, Philippines (November 14, 2019) — Homegrown seafood company Alliance

Select Foods International, Inc. (“Alliance” or the “Company”; PSE: FOOD) continues on
its path for growth. “This year is about investment. We are investing and will continue to
invest in our future,” said Alliance President and CEO Raymond K.H. See.

During the third quarter, the Company completed its state-of-the-art salmon processing
and smoking facility in Christchurch, New Zealand, which will allow the business to at
least double in size and meet customer demand in valuable markets such as Japan, the
USA and Southeast Asia. Further improvements have been made in the Group’s
facilities and equipment in General Santos City, Philippines. This has allowed the
Company to launch high quality, innovative and delicious ready-to-eat tuna and ready-
to-cook salmon products.

“We are inspired by the public’s support of our Bay of Gold, Gold Standard and Akaroa
products, and are excited to share our newest SKUs, the Bay of Gold Manuka Smoked
Salmon in Olive Oil and Bay of Gold Manuka Smoked Salmon in Olive Oil and Chili.
Both will be available on supermarket shelves by mid-November,” added See. “By
introducing export quality retail products to the Filipino public, we are giving discerning
customers the opportunity to choose and eat well.”

The Group reported consolidated net revenues of $67 million and operating income of
$1.9m at the end of the third quarter of 2019.

Alliance Select Foods International Inc. is a publicly listed seafood company that began
as a tuna cannery in General Santos City, and has since expanded its product portfolio
to serve customers world wide.

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