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ACRUX LIMITED Capital/Financing Update 2016

Jan 28, 2016

64293_rns_2016-01-28_83d240e9-ff76-45e9-966e-6a3e6dce0c81.pdf

Capital/Financing Update

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ACRUX (ACR) - ASX ANNOUNCEMENT

29 JANUARY 2016

AXIRON NET SALES, QUARTER TO 31 DECEMBER 2015

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Acrux (ASX: ACR) today confirmed that Eli Lilly and Company reported global Axiron net sales of US$41.6 million in its financial results for the quarter ending 31 December 2015, up from US$41.4 million for the previous quarter to 30 September, 2015.

Axiron net sales for the calendar year 2015 are shown in the following table:

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Total 2015
US$39.1m US$32.4m US$41.4m US$41.6m US$154.5m

Net sales for the second half of 2015 increased 16.1%, when compared to the first half of 2015, and are comparable to the second half of 2014. Axiron held a 2015 exit market share of 14.4%, again comparable to 2014.

For further information, contact

Michael Kotsanis, CEO and Managing Director: 03 8379 0100

About Acrux

Acrux (ASX: ACR) is a drug development company focused on commercialising topical products using its proprietary drug delivery technology. Incorporated in 1998 and using in house facilities and capabilities, Acrux has successfully developed and licensed a number of pharmaceutical products in the US and Europe using the Patchless Patch[TM] , a fast-drying and invisible topical application technology. Acrux will continue to innovate and bring its developed products to the market in collaboration with licensees.

For further information on Acrux, visit www.acrux.com.au

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