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ALGORAE PHARMACEUTICALS LIMITED Capital/Financing Update 2016

Nov 23, 2016

64249_rns_2016-11-23_1a8d7f09-1999-4710-8db5-f068a960cf55.pdf

Capital/Financing Update

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MARKET RELEASE

24 November 2016

Living Cell Technologies Limited

TRADING HALT

The securities of Living Cell Technologies Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday, 28 November 2016 or when the announcement is released to the market.

Security Code: LCT

Andia Petropoulos Adviser, Listings Compliance (Sydney)

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Living Cell Technologies Limited

ACN: 104 028 042 ASX: LCT OTCQX: LVCLY

24 November 2016

Ms Andia Petropoulos Adviser ASX Compliance 20 Bridge Street Sydney NSW 2000

Email: [email protected]

Dear Ms Petropoulos,

Trading Halt Request

Pursuant to ASX Listing Rule 17.1, Living Cell Technologies Limited (“LCT”) seeks a trading halt with immediate effect pending a capital raising through Hunter Capital Advisors.

The proposed trading halt is expected to last until the earlier of the commencement of trading on Monday, 28 November 2016 or the release of an announcement to ASX. LCT is not aware of any reason why the trading halt should not be granted.

If you would like more information, please email Stephen Silver of Hunter Capital Advisors at [email protected]

Yours sincerely,

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Mark Licciardo Company Secretary