ALGORAE PHARMACEUTICALS LIMITED — Capital/Financing Update 2017

Oct 9, 2017

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Living Cell Technologies Limited

10 October 2017

Company Announcements Office Australian Securities Exchange

Notice under Section 708A Corporations Act

Living Cell Technologies Limited ("the Company") has issued 350,000 fully paid Ordinary shares at $ 0.0565 as a result of an exercise of employee options.

Accordingly the Company gives notice under section 708A of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

the above mentioned shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

1. As at the date of this notice the Company has complied with:

   • (a) the provisions of Chapter 2M Corporations Act as they apply to the Company; and

   • (b) section 674 Corporations Act; and

2. As at the date of this notice there is no "excluded information" (as defined in subsection 708A(7) of the Corporations Act) which is required to be disclosed by the Company.

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Mark Licciarado

Company Secretary

Living Cell Technologies Limited