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ADHERIUM LIMITED M&A Activity 2021

Apr 29, 2021

64305_rns_2021-04-29_3104749f-5ae1-4b21-b872-a83cba3fbdee.pdf

M&A Activity

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==> picture [211 x 51] intentionally omitted <==

30 April 2021

Companies Announcements Office ASX Limited

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

Level 11, 16 Kingston Street Auckland 1010 New Zealand

Dear Sir/Madam

Re: Respiri takeover bid for Adherium

Adherium Limited (ASX:ADR) ( Adherium or Company ) notes the announcement by Respiri Limited on the evening of 29 April 2021 of an unsolicited conditional off-market takeover offer for Adherium shares ( Respiri Offer ).

The Adherium Board is reviewing the Respiri Offer and considering its response. At this time, Adherium shareholders are advised to TAKE NO ACTION in respect of the Respiri Offer until the Adherium Board makes a formal recommendation to shareholders.

The Adherium Board will keep shareholders informed of further developments as they arise.

On behalf of the Adherium Board of Directors

Rob Turnbull Joint Company Secretary

Adherium Limited (ACN 605 352 510) Collins Square, Tower 4, Level 18, 727 Collins Street Melbourne VIC 3000 Australia

www.adherium.com | www.hailie.com | [email protected]