ADHERIUM LIMITED — Capital/Financing Update 2017

Apr 5, 2017

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The Company Announcements Office ASX Limited

Adherium Limited Collins Square, Tower 4 Level 18, 727 Collins Street Melbourne, VIC 3000

ASX ANNOUNCEMENT

6 April 2017

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Cleansing notice under section 708A the Corporations Act 2001 (Cth)

On 31 March 2017 Adherium Limited ACN 605 352 510 ( Company ) (ASX: ADR) announced the exercise of options (via the lodgement of two ASX Listing Rules Appendix 3B forms) and the resulting issue of 344,458 fully paid ordinary shares in the capital of the Company ( Shares ) at the issue price of $0.075268 per Share. The Company has applied for quotation of 173,238 Shares on ASX, and will apply for quotation of the remaining 171,220 Shares on expiry of their restriction.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) that:

1. the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

2. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

3. as at the date of this notice there is no information:

   • (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

   • (b) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

     • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • (ii) the rights and liabilities attaching to the Shares.

Yours faithfully

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Rob Turnbull

CFO & Joint Company Secretary